Comments

1
Gresham is the only affordable place to live on the east side, and it will probably also be to expensive for most people in the next few years once the San Franciscans and trust fund hipsters finish kicking everyone not like them out of Portland.
2
The way to really shake up the status quo is to stop subsidizing gentrification, which would also make Measure 97 unnecessary. Measure 50 froze many East/North home values at their assessed value in 1995, rock bottom for many, with only a 3% rise in value per year.

The basic premise was sound, predictable rises in taxation. But what measure 5 failed to do was to adjust the assessed value when the home was sold.

That has resulted in a $200-$600 per month property tax subsidy for homeowners in many East/North neighborhoods.

Shake up the status quo? Rewrite Measure 5 to readjust the assessed value based on sale price. Really shake it, readjust retroactively stepping in over 3 years.

And with Portland becoming SF, now is a good time to do it.
3
A charmless, 1 thousand square foot, 1 bath 1960's ranch house, with a lousy layout (identical to mine), but with no garage 2 doors down from me is currently on the market for north of $400K after getting a new coat of paint and a new roof.

It's disgusting. Measure 5 was stupid then, it's stupid now.

Please wait...

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