Despite $1B, Oregon #4 for unaffordable housing

By Taxpayers Association of Oregon
OregonWatchdog.com

Despite spending a billion dollars in additional spending to fight affordable housing, Oregon continues to rank among the very worst states for affordable housing according to a new WalletHub study shows.    Oregon ranks fourth in the nation for the percentage of income spent on housing at 33.56 percent, or an average of $2,321.22 a month.

The study reviewed mortgage and energy payments and compared those costs to median household incomes. In Hawaii, people spend about 50 percent of their income on housing , followed by California (43 percent), and Massachusetts (33.67 percent). Washington ranked fifth with 32.97 percent of income going to housing costs. By contrast, residents in Iowa (17.26 percent), West Virginia (18.39 percent), Kansas (18.64 percent), Nebraska (19.34 percent), and Ohio (19.68 percent) spend the least on housing costs.

In 2018 alone, three counties in Oregon (Multnomah, Clackamas, Washington) adopted a $600 million property tax bond for affordable housing.   That is right, the politicians raised property taxes to make housing cheaper.  It didn’t work.

— Was this article helpful?  If yes, please contribute online at OregonWatchdog.com (learn about a Charitable Tax Deduction or Political Tax Credit options to promote liberty).