I agree completely. I live in portland, and just next door they tore down a nice craftsman bungalow which the developer purchased for 450k, and then built an enormous 3-story monstrosity in. All the other homes in the neighborhood are 1 or 2 stories, so this gigantic building sticks out like a laughably sore thumb.
There are six 2-bedroom units, and each unit will probably sell for 500k. There is no parking since the building fills up the entire lot.
You know who lived in the bungalow before? a low-income family. Do you think this new condo building helped them have affordable housing? NOPE!
All this development does is push people who were already here out, and allow a flood of rich folks to move in. It does nothing for affordability.
There are six 2-bedroom units, and each unit will probably sell for 500k. There is no parking since the building fills up the entire lot.
You know who lived in the bungalow before? a low-income family. Do you think this new condo building helped them have affordable housing? NOPE!
All this development does is push people who were already here out, and allow a flood of rich folks to move in. It does nothing for affordability.