This is the best series of articles I've read on the Portland phenomenon and how the Portland Technocracy has killed off what is now known at Old Portland
Portland grew by 1.5% last year.
These are growth rates not seen since before 2008. Just ponder that
number -- 1.5% growth -- and contrast that with housing prices and rents
that are growing by double digits. Portland has spent billions --
BILLIONS -- preparing for growth. They have built rail lines all over
the place, built highways throughout and run thousands of miles of pipe
in anticipation of growth. Yet, they can't handle 1.5% growth without
blowing up housing prices? Think of any other entity in any other realm
that grows by 1.5% per year and contrast the reaction of that system
with the hysteria of Portland. If this is only a 1.5% wave, it doesn't
make sense. That kind of wave should roll across the sand and dissipate.
Something is magnifying it.
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