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Posted inLetters

Letter to the editor: New Portland city councilors should note that market, not government, will ease rent costs

Portland’s historically supply-constrained rental housing market has loosened up for only one reason: New supply has been built in quantity for the first time since the 1930s. To economically justify new construction, market rents had to increase. That they increased as much as they have was an unequivocal sign that the city was woefully undersupplied. […]