Rental Reduction: Illegal AirBNBs Expected to Eliminate 1,500 Rentals

AirBNB has admitted it’s the reason rentals have been reduced by at least 1,400 in Portland. There are probably more, but the city isn’t doing much to enforce regulations on the industry. Read more.

Meanwhile, could Portland’s increasing rental regulations be contributing to the selloff in area homes? Read: “Homes For Sale Stack Up Across Portland Metro.”  [Note: prices are still increasing despite the additional homes being marketed.]