Though Portland now hosts the headquarters of North America's largest vacation rental company — Vacasa — the city has quietly dropped the idea of legalizing vacation rentals within city limits.

Vacation rentals have been a fixture on the Oregon Coast for decades, and in July 2014 then-mayor Charlie Hales announced his intention to legalize them inside city limits for the first time. Conjuring an image from the TV show "Let's Make a Deal," Hales said the city's pending ordinance to legalize Airbnb-style rentals in private homes was akin to Door No. 1, and expanding that to allow short-term rentals in apartments and condos, planned for later that year, was akin to Door No. 2.