I’ve got a great idea for all of you developer scumbags who started turning every single shitty apartment complex in Portland into a “condo” just before the housing market took a big flaming nosedive: Turn them back into rentals.

You see, you took all of these rentals off the market, hoping some schlub from one of those places where you have to buy apartments as if they’re houses would get stoked and make the purchase. Some of them did. Most clearly didn’t, if the sheer number of festering condos are any indication. Shit. You must be hemorrhaging money right now (or about to go bankrupt). So put them back up as rentals. You make money, the assholes managing my apartment will stop feeling like they can keep raising rent without having to do any maintenance and Portland can go back to being halfway affordable on a part-time salary.

15 replies on “Housing Crisis”

  2. Your argument might be a little better and easier on the eyes if you spelled correctly and learned to put sentences together. That’s just my opinion. Are you by any chance related to DamosA?

  3. This is THE stupidest post ever on this blog –and that surely is saying something. Since the real estate bust, developers and other fat cats have been doing exactly what you’re suggesting, which is convert condos to rentals all over town.

    Has it helped to lower rents? F no, it hasn’t.

    And the second there’s the slightest sliver of profit to be had again, your cool rental pad will be going right back to being a condo –minus you, probably.

    When there’s a sudden flood of condo conversions in a couple of years, you’ll be like, “wha? who could have ever seen this coming?” And the person who ought to be taking steps now to prevent all these people from losing their homes –that would be Commissioner Nick Fish –will be like, “gee whiz, I can’t imagine what could’ve been done to prevent this crisis! (Oh, uh, thanks for the check, Mr. Developer.)”

  4. Either move to a cheaper area or work more. Not too hard too hard to figure out. No one owes you shit and people do not invest in real estate so they can subsidize your part time employed life.

  5. I don’t know whose “part time employment” you’re referring to, but if you want to suggest that the city shouldn’t give a shit about housing people, I say you’re wrong. In fact I say you’re a total shithead with no brain in your head. Move back to Texas.

  6. A-frikkin-men, OP. “Developers” is almost always a euphemism for “greedy despoiler”. They got what they deserve. Time for the rest of us to get what -we- deserve now – decent housing at an affordable price.

  8. TAXES are becoming more and more of a bitch in this city – that is why your rent is rising.
    My water bill costs more than my electric bill now.

  9. Hey gloworm, has it maybe occurred to you that we’re in a recession(caused by the rich white folks who still can’t accept that the voters defied them in 2008 and are deliberately refusing to invest in the economy just so they can force people to elect a Republican president)and that a lot of us are lucky to have ANY job, even a part-time one?

    And why SHOULD landlords be allowed to impose what amounts to class segregation in entire neighborhoods?

    This country belongs to all of us…not just to the tiny group of people who, largely due to freakish luck and a capacity for cruelty, happened to end up with the vast bulk of the wealth that the rest of us created through our labor.

  13. Well i’m sorry to have kept you waiting, my adoring fan. But you must know that yours truly does have a real life to tend to. Unlike many of you, i cannot be on-line all day.

  15. I’m just confused by the OP’s logic. Rent or buy, the monthly payment is going to be about the same. If he can’t afford to buy some particular condo, why does he think he’ll magically be able to afford to rent it? It won’t really be any cheaper! Sure, he wouldn’t have to come up with a down payment, but 3.5% of a $100k condo isn’t THAT much different than the first/last/deposit he’d have to come up with to rent it.

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