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Replying to @eigenrobot
Sad, because Portland was one of the few large (blue) cities to get their shit together with allowing construction in order to keep rent in check.
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It's just an issue of allowing new multi-apartment units to be built.
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Usually new units appeal upmarket, which frees up old units.
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Replying to @RotemEren @frienddefault
Luxury apartments are apartments """luxury""" is a canard
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urban real estate is fucked. the economics no longer work for mid-market housing (it's all out in the 'burbs) so new construction in the city is too expensive for most of the incomes jobs in the city provide.
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urban real estate can work as long as you keep the "it is a truth universally acknowledged that a man who has embezzled tens of millions from the Chinese government must be in want of an American pied-a-terre" crowd from hearing your city is cool and friendly
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