By driving up land and housing prices, Portland’s urban-growth boundary has accelerated gentrification of low-income neighborhoods, displacing blacks, Latinos, and other families. As the Antiplanner has shown in a recent paper, the number of blacks in Portland actually declined between 2010 and 2014.
Portland promised to find affordable homes for displaced blacks, but for some reason those blacks aren’t too thrilled with the 387-square-foot condos the city has offered them. The city is making the condos available to families earning less than $47,000 a year, with priority given to people displaced by gentrification (which is often subsidized by the city’s urban-renewal agency).
Such people will be welcome to buy these condos for a mere $164,000, or nearly $425 a square foot. Such a deal, especially considering many of the displaced people were living in single-family homes several times the size of the condos, and that such homes in places without urban-growth boundaries would cost half of what the city wants for its “affordable” condos.
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For some reason, the displaced people aren’t showing much interest in the tiny condos. Donald Trump won the votes of working-class whites who felt oppressed by the elites, but this shows elites can oppress urban blacks just as much as rural whites.
It’s not just “blacks” or monitors getting priced out of Portland (and Seattle). It’s the middle class, too. When thousands move in every year, many of whom work in tech and make well over $100k, new inventory cannot keep up with high demand for close-in housing.
“such homes in places without urban-growth boundaries would cost half of what the city wants for its ‘affordable’ condos.”
In the small town (it has a UGB) I’ve moved to, I can purchase a house on an acre or more for the price of a tiny Portland studio and not have to deal with Portland’s insane traffic or homeless issue. That this small town has a UGB shows that UGBs are not the primary driver of prices. Demand, population growth, economic opportunity/wages, and amenities are all more prominent factors.
Supply and demand. Such a simple concept, understood (or remembered) by so few.
Next thing you know, they’ll outlaw low paying jobs.
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The true feelings of urban elites toward the working class have been on full display after the election. Many urban elites blame the “white working class” for not knowing who they are supposed to vote for. Some even take glee in the idea that the coastal big cities are wealthier and more educated, and thus pronouncing their votes are what really matter.
Underneath that is a true disdain for the working class that doesn’t follow or value the PC rules and even eating habits of today’s urban trend. Considering how they think of white working people, you can easily figure out what they really think of unemployed blacks.