Urban Growth Boundary Did Not Make Portland Unaffordable
10 March 2005 - 9:00am
New figures undercut claims that the Oregon region's housing costs have gone out of sight.
"A new book from Island Press, The Portland Edge, ...casts further doubt on the idea that the urban growth boundary has driven prices to uncomfortable heights. In one of the books sharpest essays, Deborah Howe acknowledges that the median price of existing single-family homes in the region has risen substantially from $104,743 in 1990 (measured in 2000 dollars) to $160,217 in 2000. But Howe, a professor of urban studies and planning at Portland State, notes that 'a large part of the housing price increase during the 1990s came from substantial investments in housing rehabilitation and renovation.' "
Source:
New Urban News, March 9, 2005
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The decision to abandon a property is a symptom of the loss of confidence. And while abandonment certainly affects confidence among surrounding homeowners, the most important question to answer is not "how do we deal with abandoned properties?" but "what is the most cost-effective way to restore market confidence, and how do abandoned properties fit into that picture?"
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