I find this post interesting. I moved out of Portland last year because I was summarily priced out of the city. By "Portland" are you including Gresham/Milwaukie/Beaverton in your estimation?
About seven years ago my friends and I got a 2bd 1.5br apartment for $775 per month in SW Portland. That same apartment is now about double that. In many of the new or renovated buildings you can see a lot of studio apartments with a price floor of $1,300 per month.
Also, little things like a beer that used to cost $2.09 now costs $4.19. What used to be a $4 sandwich is now $7.25, $1.60 tacos went up to about $3. Even prices for stuff like clothing at Goodwill went up significantly over the years that I lived in Portland.
I know this is just my personal experience (and that of my friends), but the genral trend that I saw was an enormous shift to accomodate higher income individuals and families, and an exodus of lower income people all over the place.
About seven years ago my friends and I got a 2bd 1.5br apartment for $775 per month in SW Portland. That same apartment is now about double that. In many of the new or renovated buildings you can see a lot of studio apartments with a price floor of $1,300 per month.
Also, little things like a beer that used to cost $2.09 now costs $4.19. What used to be a $4 sandwich is now $7.25, $1.60 tacos went up to about $3. Even prices for stuff like clothing at Goodwill went up significantly over the years that I lived in Portland.
I know this is just my personal experience (and that of my friends), but the genral trend that I saw was an enormous shift to accomodate higher income individuals and families, and an exodus of lower income people all over the place.