Quote:
Originally Posted by urbanlife
I was looking at the zoning regulations and it looks like the inner south east could build up quite the 200ft skyline throughout much of the area.
I do think if we see a large number of small units being built in the central eastside could mean that we see the apartments outside of that area and downtown to be a bit cheaper because new residents would more than likely be the ones looking to move to these new units rather than outside of the core. Nonetheless, it is very important for Portland to do a major build up of units in the core and Central Eastside is a great area for this to happen.
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The problem with that model is that it pushes people out of their neighborhoods. In theory, new housing is built. People leave old housing for new housing, which drives old housing prices down. In reality, there isn't enough housing in high demand areas to keep up with demand. As new housing is built, the thriving neighborhood fuel even more demand, thus driving prices skyward even at the older housing.
Don't get me wrong. I'm excited about what's happening in Portland, but I worry that more and more of our neighborhoods are pricing Portlanders out of Portland. Prices in inner SE are getting scary already, and the changes have only just begun.