IZ rules for for new constrution Multi family

[Jay Hinrichs]

read an interesting article in business journal while I was at title company waiting to sell a prop.

rush for permits in PDX last half of 2016 to beat the Inclusionary zoning rules.. IE 20 % or so of any new apartments built have to be for low income.

7000 permits were issued.  that's 7000 doors.

since that time q 1 170 doors.. LOL

the upshot is we may see and or are going to see a drastic slow down in new construction because of this.. so again PDX has caused the exact problem they were trying to cure.. there will be NO low income housing coming on line by private developers.

I suspect this will be a boon for those that already own and are not subject to the rules and yet again with no new units coming on line in a few years and growth still steady rents will rise yet again or stay very strong and this will NOT solve the high rent crisis that those in city hall are trying to fix.

it really seems to me to becoming full circle.

those of you who may have lived and worked in SF in the 60s and 70s probably are familiar with all the housing projects that were built in those years... Hunters Point  the one over by the cow palace, the one were OJ simpson grew up.. probably about 20 of them most in prime locations.. and all turned into mini ghettos.

they now for the most part have all been torn down and repositioned.

maybe if Portland wants to create housing for low income they simply need to do the same. the CITY needs to build it and provide it and run it.. why force it on private enterprise.. private enterprise just leaves the market..

I mean your building a brand new building at 400 a foot construction costs and so an apartment at 1000 foot cost 400k just to build.. ( that is todays costs) and your forced to rent it for 1200 bucks to a low income family.. and what about the market renters many will not want to be forced into living side by side with low income...Just saying its reality.

thoughts ?

@mikenuss

[Vince Beusan]

I agree with you @Jay Hinrichs.

I believe in a free market solution, but we are far from that but move ever closer day-by-day to more centralized control of government in every aspect of our lives, including housing.   Where in the Constitution is it written to provide housing for the public?  I don't see it anywhere, because it isn't there, however this is an over reach of power seized by the federal government. 

On June 25, 2015, thanks to - TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS

ET AL v . INCLUSIVE COMMUNITIES PROJECT, INC., ET AL

The ruling by the activist supreme court justice Kennedy opened the door that mandates the Federal Government to provide low income housing in nice high income neighborhoods, segregated by income.    Income is the NEW protected class?  Just BS.

for more <click on>

https://www.supremecourt.gov/opinions/14pdf/13-137...

Yes, read that again - now low income neighborhoods must be placed in high income neighborhoods as a mandate, by force of the Federal Government.  Fair? No. Destructive? Yes.

If you have accumulated wealth, you are free to choose where you want to live, a desirable neighborhoods - clean, free of crime, good schools, etc. Now the Federal government, through this ruling 'through force', not free market will, that low income people MUST be able to live in the same high-income neighborhoods you do even if they can't afford to live there.  In other words, bringing the ghetto to the suburbs to destroy the suburbs.  Make sense?  No.

This is not about helping people, this legislation destroys suburbia. It is about creating protected classes of people, based on INCOME to divide and conquer those that wish to live away from the ghetto.

Let's put low-income HUD in the backyards of the politicians like Justice Kennedy, Ginsberg, Sotamayor, Kegan, and the like who live in gated communities away from high-crime, low-income housing. Won't happen. These social engineers think are smarter than the rest of us and that they can construct utopia, nirvana. Well, that doesn't exist. Live in a 'nice neighborhood? HUD is Coming soon to a neighborhood near you - ...Beverly Hills, Malibu, Pasadena, Laguna Beach, La Jolla, Del Mar... and you can thank activist Supreme Court Justice Kennedy for that.

I think he retires this summer.  Good ridden's.