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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u/Dan_D_Lyin Nov 24 '24

Most property managers require you to make at least 3x the rent, not to mention the outrageous deposits. 

If only 50% of people can get into housing, at some point you'd think they'd have to drop the rent, or risk apartments sitting empty.

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u/TheRisingValkyrie Nov 26 '24

My complex had apartments sitting empty - then they made a deal with the local immigration place to house all the refugees from Pakistan. Now no one else can get in as its filled immediately. They didn't raise my rent the last few years tho so whatever

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u/Dan_D_Lyin Nov 26 '24

That's kind of awesome actually.

2

u/TheRisingValkyrie Nov 26 '24

Yeah the cost is the lowest I can find in essentially the whole state for what I have. I would tell people about this place and they just wouldn't apply lol. Snooze you lose I guess. Lived here 4 years. Rent raised once.