Millionaires are choosing to rent
"The share of renters earning less than $50,000 simply evaporated, falling 11%, as poorer renters moved in with family members. ...
"Poorer tenants are much worse off after this rental-demographic shift, since they must now compete with more well-off renters...
"rents may never fall far enough for the tenants being left behind..."
https://www.bloomberg.com/news/articles/2023-02-10/millionaire-renters-are-on-the-rise-in-high-cost-us-cities
Hi Sue,
What you point to is so true, thanks!
Pushing the poor and homeless back in to compete with the
remainder of the citizenry for low cost housing and even lower
paying employment is cruel and as we have seen ineffective!
Instead we can use our knowledge of the system to increase
availability of housing and work opportunities by establishing
sustainable, very low cost, uplifting live / work villages, for
all especially the most in need.
Cheers, Jayme
Jayme
Delson
Broker / Owner
North Country Real Estate
707-834-0251 Cell
jayme@...
Po
Box 2071
Redway Ca. 95560
"nationwide, the number of renters in this high-income band grew by 82%...
"The share of renters earning less than $50,000 simply evaporated, falling 11%, as poorer renters moved in with family members. ...
"Poorer tenants are much worse off after this rental-demographic shift, since they must now compete with more well-off renters...
"rents may never fall far enough for the tenants being left behind..."
https://www.bloomberg.com/news/articles/2023-02-10/millionaire-renters-are-on-the-rise-in-high-cost-us-cities
Sue and Janya
It is nice to see a consensus from along the western coast the States. The communication may appear small, however, your emails reflect the values of your community.
Sent from Mail for Windows 10
Peter Finley Fry MUP PhD AICP
303 NW Uptown Terrace #1B
Portland, Oregon USA 97210
503 703-8033
Sent: Saturday, February 11, 2023 10:13 AM
To: pdxshelterforum@groups.io
Subject: Re: [pdxshelterforum] Millionaires are choosing to rent
Hi Sue,
What you point to is so true, thanks!
Pushing the poor and homeless back in to compete with the remainder of the citizenry for low cost housing and even lower paying employment is cruel and as we have seen ineffective!
Instead we can use our knowledge of the system to increase availability of housing and work opportunities by establishing sustainable, very low cost, uplifting live / work villages, for all especially the most in need.
Cheers, Jayme
Jayme Delson
Broker / Owner
North Country Real Estate
707-834-0251 Cell
jayme@...
Po Box 2071
Redway Ca. 95560
On 2/11/2023 9:32 AM, Sue Gemmell wrote:
"nationwide, the number of renters in this high-income band grew by 82%...
"The share of renters earning less than $50,000 simply evaporated, falling 11%, as poorer renters moved in with family members. ...
"Poorer tenants are much worse off after this rental-demographic shift, since they must now compete with more well-off renters...
"rents may never fall far enough for the tenants being left behind..."
https://www.bloomberg.com/news/articles/2023-02-10/millionaire-renters-are-on-the-rise-in-high-cost-us-cities
