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Podcast: Cascade CounterPoint
Episode: QP: Why Affordable Housing is Unaffordable
Description: Last week KGW news reported that Portland area rents are up 22 percent since pre-pandemic levels. We see it everywhere: so-called āaffordable housingā costs have risen so quickly that even though cities and states now spend more money than ever, fewer housing units are being built. In April 2024, theĀ Cascade Policy InstituteĀ published aĀ reportĀ asking why this is the case. Unfortunately, the state of Oregon has refused to make data available that brings to light why rising costs continue to accelerate.Fortunately, in the year or so since then, the Montana Department of Commerce providedĀ dataĀ on 190 housing pr...