4 ms·
Investment is not a bad thing. The underlying problem is artificially constrained supply. In a healthy market, increased investment leads to construction and l
by klochner 11y ago
Investment is not a bad thing. The underlying problem is artificially constrained supply. In a healthy market, increased investment leads to construction and lower costs for both renters and buyers. (/cc san francisco)
- deleted 11y ago[deleted]
- venomsnake 11y agoInvestment is not. Flipping and speculation - I can live without.
- tadfisher 11y agoSF snark aside, there are some parallels. Portland Metro's urban growth boundary[1] has both reined in sprawl and reduced the availability of cheap land for development. Combine this with horrendous traffic on the major suburban arterials (I-5, I-84, OR-26, I-205) and you have a sustained demand for close-in residential properties. You could call this an "artificial constraint", but it's also part of what makes the Portland metro region a desirable place to live. [1] http://www.oregonmetro.gov/urban-growth-boundary http://www.oregonmetro.gov/urban-growth-boundary
- deleted 11y ago[deleted]