Wave of evictions leaves renters few options in record-setting apartment market (Portland: buying a home, neighborhoods)

[urbanlife78]

Originally Posted by VTHokieFan

It does.

How? A house out past the UGB isn't going to help reduce the cost of houses in inner Portland. Those housing units are still going to see their values climbing. If one wants to buy a more affordable house outside of the UGB there are plenty of options at the many small towns surrounding the Portland Metro.

[58rhodes]

Originally Posted by urbanlife78

I don't blame them, why would anyone want to be in the business of renting under market apartments when other landlords are making double in rents without any incentives.

When you would posy about the company you work for, you always make it sound like it is dealing with rentals in Portland, sorry for that miscommunication.

you're right and Portland becomes anyplace anywhere.com--Remember Buffalo NY,Cleveland,St Louis, Detroit among others were once thriving cities. Will the next Detroit please stand up.--you are too young to understand the real livability of Portland.--Portland is great for 20 to 30 somethings --wait till you hit your 60s.

We sold all our Portland properties btw

[VTHokieFan]

Originally Posted by urbanlife78

How? A house out past the UGB isn't going to help reduce the cost of houses in inner Portland. Those housing units are still going to see their values climbing. If one wants to buy a more affordable house outside of the UGB there are plenty of options at the many small towns surrounding the Portland Metro.

Because it restricts supply. You chose an extreme saying it has zero impact. I think the range of market distortion is in the 10-15% range.

[urbanlife78]

Originally Posted by 58rhodes

you're right and Portland becomes anyplace anywhere.com--Remember Buffalo NY,Cleveland,St Louis, Detroit among others were once thriving cities. Will the next Detroit please stand up.--you are too young to understand the real livability of Portland.--Portland is great for 20 to 30 somethings --wait till you hit your 60s.

We sold all our Portland properties btw

And? Portland will probably still be great for those in their 20s and 30s. The Northwest is in a much better position than the rust belt cities were. I highly doubt Portland will become the next Detroit because it hasn't made the same mistakes Detroit has made.

[urbanlife78]

Originally Posted by VTHokieFan

Because it restricts supply. You chose an extreme saying it has zero impact. I think the range of market distortion is in the 10-15% range.

Well that is what the UGB is, you are talking about land just outside of the boundary, and that has no effect on inner neighborhoods because there is only so much supply inner neighborhoods can offer even if you built housing from here to Salem.

I think the range of market distortion is less than 2%.

[VTHokieFan]

Originally Posted by urbanlife78

Well that is what the UGB is, you are talking about land just outside of the boundary, and that has no effect on inner neighborhoods because there is only so much supply inner neighborhoods can offer even if you built housing from here to Salem.

I think the range of market distortion is less than 2%.

It does have an effect on inner neighborhoods. A rising tide lifts all boats.

[urbanlife78]

Originally Posted by VTHokieFan

It does have an effect on inner neighborhoods. A rising tide lifts all boats.

Well I guess we will just have to disagree, Manhattan isn't getting any cheaper even though you can buy a house two hours commute away.

Originally Posted by urbanlife78

Well that is what the UGB is, you are talking about land just outside of the boundary, and that has no effect on inner neighborhoods because there is only so much supply inner neighborhoods can offer even if you built housing from here to Salem.

I think the range of market distortion is less than 2%.

Exactly.

The UGB is nothing more than a boogeyman when it comes to prices in close in neighborhoods. It's simple economics. Lots of people want to live close in, thus prices climb.

Sticking up a new housing development in Forest Grove or wherever it is people don't want to live doesn't do jack to the price of a condo in the Pearl because the people who want to live close in simply do not want to live far out. It's not even looked at as an option.

You keep prices in close in neighborhoods in check by building more high density housing close in.

[VTHokieFan]

Originally Posted by JasonF

Exactly.

The UGB is nothing more than a boogeyman when it comes to prices in close in neighborhoods. It's simple economics. Lots of people want to live close in, thus prices climb.

Sticking up a new housing development in Forest Grove or wherever it is people don't want to live doesn't do jack to the price of a condo in the Pearl because the people who want to live close in simply do not want to live far out. It's not even looked at as an option.

You keep prices in close in neighborhoods in check by building more high density housing close in.

That's where you're wrong. Why does Salem, an extremely "meh" place to live, have higher housing costs than Charlotte, NC?

[thedownlow]

Originally Posted by VTHokieFan

That's where you're wrong. Why does Salem, an extremely "meh" place to live, have higher housing costs than Charlotte, NC?

I hope you're joking.