Up Sucker Creek

Up Sucker Creek
Photo Courtesy of the Lake Oswego Library

Monday, August 4, 2014

Affordability - is Portland losing its allure?

Affordable Housing Draws Middle Class to Inland Cities

New York Times, 


 OKLAHOMA CITY — Americans have never hesitated to pack up the U-Haul in search of the big time, a better job or just warmer weather. But these days, domestic migrants are increasingly driven by the quest for cheaper housing.
Rising rents and the difficulty of securing a mortgage on the coasts have proved a boon to inland cities that offer the middle class a firmer footing and an easier life. In the eternal competition among urban centers, the shift has produced some new winners.
Oklahoma City, for example, has outpaced most other cities in growth since 2011, becoming the 12th-fastest-growing city last year. It has also won over a coveted demographic, young adults age 25 to 34, going from a net loss of millennials to a net gain. Other affordable cities that have jumped in the growth rankings include several in Texas, including El Paso and San Antonio, as well as Columbus, Ohio, and Little Rock, Ark.
Rising rents and the difficulty of securing a mortgage on the coasts have proved a boon to inland cities that offer the middle class a firmer footing and an easier life. In the eternal competition among urban centers, the shift has produced some new winners.
Rising rents and the difficulty of securing a mortgage on the coasts have proved a boon to inland cities that offer the middle class a firmer footing and an easier life. In the eternal competition among urban centers, the shift has produced some new winners.   

Mr. Saleh moved because he had a rare opportunity to make about $60,000 a year while avoiding a desk job. The low cost of living was a major sweetener, he said, enabling him to become something he thought would not be possible: a homeowner. “I would say that, 100 percent, I had given up on the idea of homeownership in Seattle,” he said. “Which is a really big deal.”  

Some of the newcomers say that as they contemplated living with roommates, sitting in traffic and barely scraping by, the good things about life in a high-cost city lost their appeal. “The beach isn’t going to pay my rent,” said Jacqueline Sit, 32, who left Portland, Ore., where she worked as a television reporter, to come to Oklahoma City, where she quickly found a job in public relations.

Of course, some of the fastest-growing cities, like Austin, may become victims of their own success as new people crowd in. Bill Curtis, an affluent petroleum geologist, has lived there since 1976, when it was known for little more than legislative wheeling and dealing and college football. On a recent day, he was unhappily contemplating traffic from his high-rise apartment. “They’ve screwed this town up so royally, it’s unbelievable,” he said.  

But Mr. Curtis has a solution. He’s moving to Oklahoma City.






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