Rent Control In Portland?

I've often talked about how expensive it is to live in Portland; I have finally found an apartment that I am considering renting. It has everything I need and is in my price range; the problem is I'm sure I'm competing with 40 other people.

On this year's election ballot, we're not just talking about Trump versus Biden, or we're not just talking about Collins versus Gideon. We're talking about rent control in the City of Portland.

Many people support this measure as people have lived here all their lives that cannot afford to keep renting inside the great City. Other people are against it, saying that this will create more issues.

CBS 13 has the exact language of what rent control would mean for the City of Portland.

"Do you favor the change in the City Ordinance(s) proposed by citizen petition as provided below?"

An Act to Protect Tenants will cap most annual rent increases to the rate of inflation, incentivize landlords to provide 90-day notice to tenants they are asking to vacate, and create a tenant/landlord board to permit additional rent increases when individual building circumstances warrant, such as major capital improvements. Several types of rental units in the City are exempted from this Act, including: units operated by municipal housing authorities, accessory dwelling units as defined in the City Code, rental units in multi-unit buildings in which there are four (4) or fewer units and the owner of the building occupies one of the units, and accommodations provided in a hospital or religious facility.

That will be the exact wording on the ballot November 3rd when people in the City of Portland go to vote and decide whether rent control is what's best for them.

The City of Portland voted this very same measure down three years ago, and according to one area landlord per CBS 13, the reason is straightforward it will create a scarcity of housing:

"Ultimately, you need more housing built. If you don't have enough housing, all these solutions create less housing, devalue property. It doesn't help the people who actually need help," Portland landlord Brit Vitalius said.

This is a lot of information to take in for sure, but as a guy that's lived here for a year and it's still a roommate in someone else house, I can also say I would like a decent apartment for the dishwasher for a reasonable price in the City of Portland what are your thoughts?