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ADUs are particularly ineffective, because each one requires the owner to work as a part-time landlord with the tenant being almost their housemate. All the hea
by directevolve 2y ago
ADUs are particularly ineffective, because each one requires the owner to work as a part-time landlord with the tenant being almost their housemate. All the headache without much increase in income.
I happen to have chatted with the head of a large commercial contractor in Portland a few months ago. He told me Portland's unattractive to developers because, compared to other cities, rents are low and the cost to build is high, so the flow of real estate investment dollars into Portland is slow.
Since the problem we're trying to solve is making rent cheaper, conditional on the current state of the economy, the solution here is making it cheaper to build dense residential in Portland in the urban core and improve transit options.