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I know a guy who works on the Portland Development Commission. He hates it. He bitches that the first priority of the commission should be to increase housing stock but that so many different interest and goals are in play that the web of fees, regulations, zoning and incentives makes increasing housing stock incredibly hard. He's a pretty conservative guy I ran this by him. It sounded fantastic to him. He thought it provided powerful incentives with a relatively simple mechanism that would probably make a real difference in housing stock. Sure there would be losers but at least those losers would be people who could afford to have an extra house sitting around.