We have zoning restrictions that mean there aren't enough multi family and apartment buildings, and now the old bungalows are starting to get replaced with lar

We have zoning restrictions that mean there aren't enough multi family and apartment buildings, and now the old bungalows are starting to get replaced with larger "modern" houses. Sometimes I think about how much better the city would be, if the leaders over the 20th century hadn't been so racist. It turns out the old redlined areas are where all the big apartment buildings are going in. This has contributed to backlash against development, as has the pace of change along main streets in other parts of town. As a result, rents have been rising faster than income for a while here. And a lot of folks on the ground blame the new development for the rising rents. In my book if we had been developing for decades at a steady pace all along, and hadnt engaged in racist redlining and relocating policies, Portland would not be seeing the price shocks we're seeing now, and we would have a more vibrant community. Also there is a macro thing here where Portland has joined the west coast real estate market, so long time low prices have a higher new normal in the last three years.