[podunkPDX]

I’m not certain that this will create any affordable housing in any of the metro areas (Portland, Eugene, Bend).

I suspect that this will end up opening the doors for the investor class to fund massive amounts of development in anything resembling an urban core, turning the resulting housing into permanent rentals, tranching those rentals into the next investment instrument to be sold &c.

I’m from Portland, and I wish that this would increase the availability of affordable housing, but I feel that this is a lot of feel good, and it’s just going to make my home town that much worse.

Here’s to hoping I’m wrong.

[sfifs]

Even if there's a massive investor driven housing development, ultimately the units have to be rented out which will put pressure on rentals down and make housing more affordable.

If rentals are lower, yield for ownership will also go lower leading to lower prices.