More evidence of rent declines in Portland
cityobservatory.org
More evidence of rent declines in Portland
1–10 of 46 posts
Re: More evidence of rent declines in Portland
#2I think controversy is not that building more has no effect on rent prices - of course more supply drives prices down.
It is more about whether we want to live in over-populated ant-farms or want to pay premium for less dense living.
Re: More evidence of rent declines in Portland
#3I think controversy is not that building more has no effect on rent prices - of course more supply drives prices down. It is more about whether we want to live in over-populated ant-farms or want to pay premium for less dense living.
> to pay premium for less dense living
What is stopping you from doing that in any one of: Hillsboro, Beaverton, Tigard, Lake Oswego, Vancouver, ...
Re: More evidence of rent declines in Portland
#4I think controversy is not that building more has no effect on rent prices - of course more supply drives prices down. It is more about whether we want to live in over-populated ant-farms or want to pay premium for less dense living.
> to pay premium for less dense living What is stopping you from doing that in any one of: Hillsboro, Beaverton, Tigard, Lake Oswego, Vancouver, ...
I mean, if someone already owns a home in Portland, and can use their vote to maintain the kind of lifestyle they want, why wouldn’t they? Altruism towards a potential future resident? Unlikely.
Re: More evidence of rent declines in Portland
#5I think controversy is not that building more has no effect on rent prices - of course more supply drives prices down. It is more about whether we want to live in over-populated ant-farms or want to pay premium for less dense living.
What American cities are your ant farms? New York? This seems like hyperbole to me. I think there is a happy medium between anti build NIMBYs of, say, San Francisco, and a so-called ant farm.
Re: More evidence of rent declines in Portland
#6Earlier quoted context omitted.
> to pay premium for less dense living What is stopping you from doing that in any one of: Hillsboro, Beaverton, Tigard, Lake Oswego, Vancouver, ...
I mean, if someone already owns a home in Portland, and can use their vote to maintain the kind of lifestyle they want, why wouldn’t they? Altruism towards a potential future resident? Unlikely.
If everyone acts that way that'll be a good way to end up like California.
Re: More evidence of rent declines in Portland
#7I think controversy is not that building more has no effect on rent prices - of course more supply drives prices down. It is more about whether we want to live in over-populated ant-farms or want to pay premium for less dense living.
I don't think people are choosing to pay a premium in favor of lower density. Incumbent land holders using local zoning laws to prevent density to maintain their wealth.
Also using the phrase overpopulated ant farms isn't useful or accurate.
Re: More evidence of rent declines in Portland
#8Earlier quoted context omitted.
I mean, if someone already owns a home in Portland, and can use their vote to maintain the kind of lifestyle they want, why wouldn’t they? Altruism towards a potential future resident? Unlikely.
If everyone acts that way that'll be a good way to end up like California.
No, because without Prop 13 a retired teacher isn’t going to want her house to be worth $5 million if she plans on continuing to live there.
Re: More evidence of rent declines in Portland
#9I think controversy is not that building more has no effect on rent prices - of course more supply drives prices down. It is more about whether we want to live in over-populated ant-farms or want to pay premium for less dense living.
> It is more about whether we want to live in over-populated ant-farms or want to pay premium for less dense living.
You are forgetting all the people, such as myself, who are willing to pay a premium for more dense living.
I love being able to walk everywhere.
Re: More evidence of rent declines in Portland
#10I think controversy is not that building more has no effect on rent prices - of course more supply drives prices down. It is more about whether we want to live in over-populated ant-farms or want to pay premium for less dense living.
> I think controversy is not that building more has no effect on rent prices - of course more supply drives prices down.
After reading many internet conversations on property, the idea that supply drives down prices in property is far from an accepted viewpoint.