Portland Real Estate Is Such a Mess That All Housing Is Affordable Housing

It's just that usually it happens if the region suddenly becomes depressed and population exodus begins. Then homeowners find themselves underwater.

I couldn't even read the whole article...

> Market rents in Portland have stagnated at the same time that rent limits for government-subsidized affordable apartments have risen. That means rents for affordable housing are growing faster than the prices for market-rate apartments.

Housing is "affordable", not necessarily affordable.