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A social experiment that bureaucrats will diminish because it does not fit their view of the problem and how to fix it.
Not sure where the times got its number, but its about half of what is actually spent on solving the homeless problem.
The rental market in Portland, Oregon, is so depressed that something almost unthinkable is now commonplace: Six-figure earners are paying some of the same rents as lower-income residents who qualify for subsidized housing.Market rents in Portland have stagnated at the same time that rent limits for government-subsidized affordable apartments have risen. That means rents for affordable housing are growing faster than the prices for market-rate apartments. Rarely has the city seen such a narrow price gap between market-rate and affordable units.Portland’s rental market stalled out in recent years as an oversupply of new housing collided with an economic slump. It is an astounding turn for a city once known as rapidly growing and notoriously unaffordable.The trend has produced unexpected outcomes for lower-income renters.
Read more: https://on.wsj.com/4iKbA1lSeattle is seeing market rent fall below subsidized housing rent. Portland has the same Portland. I am astounded how much rental inventory is subsidized.
There are approximately 26,500 total affordable and publicly subsidized rental units in Portland, Oregon, with roughly 1,900 of those units currently sitting vacant and available.Key Details on Portland’s Subsidized Housing
- Total Stock:> Portland has around 26,500 affordable apartments, and the Portland Housing Bureau maintains direct investments in over 19,000 rental housing units across the city.
- Available/Vacant Units:Reports from The Oregonian/OregonLive indicate that nearly 1,900 publicly subsidized units are unoccupied, representing an approximate 7.4% vacancy rate for affordable housing.
- Contributing Factors: High vacancy numbers in affordable complexes are attributed to administrative bottlenecks, difficulties managing waitlists, and shrinking gaps between subsidized rent caps and private market rates.
Newsome is basically a Stepford Democrat. Any question asked, the answer is blame Trump.
Seattle progressives might have the answer to high home prices. Increase taxes and fees to the point where home owners are leaving and no one is moving in.
Can you say supply and demand? Lots of inventory, low demand, prices fall. Real dilemma for a Socialist. They can regulate rent, but they can’t stop the bottom from falling out of the real estate market.
God bless their lil’ ol’ Marxist hearts, they don’t know why this is happening. LOL
“We have no actual proof or reason to suspect any specific criminal behavior, but we’ll dig until we find something.”
Letitia James
BYT, you are clairvoyant or a student of political history. Ya, no other president has EVER gone after political enemies.
If he were running today, JFK would not make it through the primaries.
Pro 2A, pro-life for starters.
Both sides have drifted far from the center, but liberals are in a full scale retreat from the middle.
Anecdotally, my wine consumption is off considerably in the last 3 years. Down to one or two glasses a day. Still enjoy a wine tasting weekend trip and I am planning a trip to France next year.
When visiting tasting rooms locally, my sense is they are just not as busy as they were preCovid. Even popular spots like Walla Walla have seen a decline in tourism.
Personally, I believe local governments have added so many fees and taxes on hotels, bars and restaurants it has eliminated a % of visitors not because of the cost but the overall value is no longer apparent.
Never did understand the fascination with micro-brews. One place locally used to have 80 different taps. It closed a couple of years ago
AOC says “I think it’s important to assess what the candidate is saying now.”
Equally important is questioning candidates why they have changed their thinking.
Perfect example of what happens when you have policy makers that 1) dont understand how things work 2) don’t understand how much the infrastructure to support mandates cost and 3) underestimate the time required to fully develop infrastructure to support electric vehicles
Wonder how much longer it will be before voters grasp the simple fact that “Government” really is not geared to fix problems.
After 40 years of West Coast states spending trillions on transportation, homelessness and drug related issues with little to show for it outside rare anecdotal success stories, I get the feeling local voters are still reluctant to vote for change.
It is entertaining and at the same time frightening how little DSA leaders understand about the founding of USA. Moderate dems have every right to be frightened. DSA will fragment the Democratic in a way they might recover from. Similar to what Perot did to the Republican party in 1992.
DSA claims 87% of its funding comes from members. Hard to see how that model holds up in national elections.
