If there's one dominating market segment on Mt. Hood these days, it's the vacation rental market. This frequently combines an owners personal use with funds to offset their expenses to help pay off that mortgage or create a stream of income. 

Clackamas County has studied the vacation rental market since there are no zoning and regulation policies for vacation rentals. Here is a recent notification from the county if you've been following the studies and local meetings:

The Clackamas County Board of Commissioners is holding a policy session on Wednesday, Sept. 25 to discuss draft regulations for short-term rentals in unincorporated Clackamas County.  The meeting is scheduled from 9:30-11 a.m. in the Board Hearing Room on the 4th floor of the Public Services Building, 2051 Kaen Rd., Oregon City.

The materials prepared for the meeting by staff, including the draft regulations, are available here: https://dochub.clackamas.us/documents/drupal/41f33e9e-8da9-420d-9b13-0abb8e81722c.  The purpose of the meeting is for staff and commissioners to discuss next steps related to these draft regulations.  The public is welcome to observe, but there will not be an opportunity for public comment.  An audio-tape of the meeting will be available later in the week at https://www.clackamas.us/meetings/bcc/presentation.