Oregon Tenants Owe $378 Million in Back Rent, PSU Study Finds | Seattle Real Estate Podcast

Tenants in Oregon owe $378 million in back rent, according to a new study by Portland State University.

While that’s a lot of money, the study points to even bigger losses if lawmakers don’t act.

Right now, 89,000 people have fallen behind on rent payments because of the coronavirus pandemic. They’ve been allowed to stay in their homes because of an eviction moratorium that runs out in July.

The study says the deadline will need to be extended in order to head off $3 billion in spending on homeless services.

Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.

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