r/Eugene • u/RottenSpinach1 • Nov 24 '24

Oregon's Housing Crisis News

"To avoid experiencing a rent burden, a renter should spend no more than 30% of their monthly income on housing costs. With the average cost of a one-bedroom apartment at $1,254 in 2023, a person would need to earn $50,166 to avoid experiencing a rent burden. Anyone earning less than this amount would be rent burdened by the cost of a typical apartment. About 48% of occupational groups have average wages meeting this definition and will account for 44% of job creation projected through 2032."

The full report has other really grim stats:
https://www.oregon.gov/ohcs/about-us/Pages/state-of-the-state-housing.aspx

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1

u/ShastaPlaster Nov 24 '24 edited Nov 24 '24

edit nm

5

u/LocalInactivist Nov 24 '24

Meaning you need to make about $80,000 a year to afford a one-bedroom. How did we get here?

7

u/ShastaPlaster Nov 24 '24

The giant corporations that own a lot of the housing in this country will do everything they can to keep you barely head above water and just on the edge of drowning. That's their purpose, to extract the maximum amount of money from you as possible without leaving you unable to pay the next month. You never drown but you also never get ahead enough to escape from wage slavery and devotion to what they have.

The fix is insanely simple: Enact laws that make it illegal to charge renters more than 25% of their gross income for anyone making under $100,000 a year. Problem solved.

6

u/PNWthrowaway1592 Nov 24 '24

How many units of housing in Eugene are owned by giant corporations?

9

u/fzzball Nov 24 '24

Very few, despite the impression you'd get from this sub. Housing is expensive because demand exceeds supply.

5

u/oreferngonian Nov 24 '24

Managed and owned are two different things

Due to many factors most rentals are managed by companies vs the owner

2

u/ShastaPlaster Nov 24 '24

It's a nationwide problem, not just a local one, but the nationwide issue affects us at a local level.

6

u/L_Ardman Nov 24 '24

Most houses in this town are owned by middle class people. And your plan is a recipe for mass homelessness.

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u/ShastaPlaster Nov 24 '24

What does that have to do with anything at all that I said

0

u/Paper-street-garage Nov 24 '24

The best solutions are typically the simplest.

1

u/DrKronin Nov 24 '24

No. It's literally specified as before-tax.