C & R Real Estate Services work to keep Legal Americans Down. Their rental policies are to rent to undesirables such as Illegal aliens from Mexico or Africa or China, then when the market shifts in their favor to evict them in favor of the good tenants; College students - Blue collar workers.
The rental housing market in Oregon went from cheap rent to one of the worst housing situations for renters in the nation.
One of the reasons, besides hipsters from the east coast, is quarter million plus illegal aliens and their anchor babies, plus state department trash , such as Haitians and Somalians, who need rental properties and displace lower income Americans from housing or cause high rents.
No one wants to rent from C & R Real Estate Services, in a corrupt state with a boot in your face libertarian attitude towards laws, they are among the worst.
The average empty apartment in the Portland area is leased in about 36 days. But in the hottest markets -- on the inner eastside of Portland -- that turnover period is just 8 days. That means renters may have to be ready to fill out an application and cut a check the first time they see an apartment they like."It really has an impact on people looking for decent apartments," said Craig McConachie, one of the authors of the report and principal at C&R Real Estate Services. "They really have to scramble. They're spending time on on Craigslist daily, even hourly, to find a place that's available."
Average rents, meanwhile, have jumped 6.8 percent across the Portland market in six months, in large part due to the addition of 5,000 new, mostly high-end units in developments completed in the past year. For older buildings, the average six-month increase is closer to 4 or 5 percent.
The change has displaced some residents, and forced others to make compromises in location or lifestyle.
Jimmy Douglas and his girlfriend live in a Pearl District studio apartment. The studio isn't ideal because they work opposite shifts, and their rent is set to go up about $100 when their lease expires in November.
But after looking at other buildings, and even other neighborhoods, they found they might be better off staying put. Having lived in the same building for three years, they've seen their rent rise a little slower.
"Most places are so much more expensive than they were a few years ago," Douglas said. "The incremental cost to go from a studio apartment to a one-bedroom -- especially because we have two cars and a dog -- is astronomical. It's kind of a serious dilemma. How much is a closet worth?"
Landlords, on the other hand, saw little need to make concessions over the last six months.
Newly constructed apartment developments are filling up quickly -- within a year in the suburbs and in months in the city. New apartment developments virtually stopped in the recession, leaving behind a shortage compared to historic construction averages and formation of new renter households.
Owners of older buildings are also taking advantage of the good times by adding units, renovating and adding amenities in an effort to compete with new developments.
The apartment construction binge doesn't show any sign of stopping. In fact, Barry said, the growth in the apartment pipeline is only accelerating.
Developers have proposed or started construction on about 20,000 new apartment units in the metro area, though not all will be completed. Barry said 6,200 new apartments are expected to be opened in 2013 -- the most in any year since 1999.
But lease-up is already slowing at some recently completed apartment developments in Portland's westside suburbs, McConachie said. Part of the drop is likely seasonal, he said, but it could also reflect growing competition.
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