We Are Doomes (Portland, Beaverton, Beaver: apartment, to rent, mortgage)

[freemkt]

PORTLAND, Ore. (PORTLAND TRIBUNE) — Portland apartment rents increased 14 percent between February and March, the biggest increase in the country, according to a new report by ABODO.com, an online apartment marketplace.

[notnamed]

Buy a place before you get priced out.

[oregonwoodsmoke]

We aren't all doomed. I'm enjoying the higher rents.

[AndyAMG]

the beginning of the end

[Bluesmama]

Welp..... my little house will be all paid off in another 16 months, and chances are good that I'll die in that house, because there's no way in the deepest depths of Hell that I'll contend with mortgage payments again or consider renting.

[sorupaa]

There goes everyone's cars and internet. Coffee shops and light rail will be packed all the time

[CanuckInPortland]

Whatever you do don't build more dense housing. Also don't expand the urban growth boundary and build more housing on the outskirts.

No, the best solution to this is to just hope really, really hard that people stop moving here because of the rain or something. That's seems to be the regular sentiment on comment boards when this comes up. "Tell your friends that it sucks here!" Okay that seems to have worked over the last 15 years, right?

[ccjarider]

Originally Posted by freemkt

PORTLAND, Ore. (PORTLAND TRIBUNE) — Portland apartment rents increased 14 percent between February and March, the biggest increase in the country, according to a new report by ABODO.com, an online apartment marketplace.

Law of unintended consequences at work here.

This city and state continue to put in place silly, leftist thinking, nut-job bureaucrats who have never actually worked in the real world yet somehow believe through activist gov't intervention; they can control economic and rational behavior. They cannot. This has been proven time and time again throughout history.

These rent increases are a logical outcome of the upcoming controls being placed by bureaucrats on those owners who, through rational behavior, are attempting to cover increased costs associated with increased regulation.

Why does this surprise anyone?

[Bluesmama]

I work in city government and have been seeing growing panic over "parking" in dense housing areas. A couple of apartment dwellings for lower-income have been built in old town Beaverton, but with next to nothing for provided parking, and people have been coming to the office for street parking permits, which is also limited. I am expecting problems when the current project is complete.


I understand that the frenzied additions at Orenco have begun to backfire with - you guessed it - lack of parking. Considering how massive that area is, not as many ride MAX as "they" hoped for. Developers can't stand to see land provided to renters. It is such a crock.

[Charles22]

Buy a dome.