The streets

The Streets

While the world today shows many architectural feats, from skyscrapers to engineering wonders. The battle for homelessness ends a losing one in the streets of our country. Over the span of ten years the housing industry and its market has moved so much that many people are increasingly unable to play with and ends up in the streets

Low Rental Vacancies

It is almost common thought to end up renting if ownership is no longer an option due to price, the bigger challenge becomes the vacancies of rental properties. In a post published in 2015 (Hammill), it was highlighted that there are a number of factors that causes rental rates to go higher, one of them simply being vacancy. The fact that movement of people from California to the state has placed so much pressure on housing supply hurts the vacancy of rental apartments even more. The city is no longer able to cope up with the number movements and housing supply has no way to recover.

Low Housing Supply

In an analysis (Lehner) it was highlighted how the lowering of housing supply in the country and in the state of Oregon has simply become a major factor to homelessness in the state and across the country. This can easily cause many people to go the survival tactic route, head to the streets. The decision is simply out of the lack of choice. People lurk the city streets not because they genuinely want to be there, most if not all would have chosen to have a home but are unable to afford one. This is a simple conclusion considering how the market works around the people who can afford homes for themselves or for their families. It is easy to conclude that if the ones who can afford houses are having the kind of difficulty how much more the ones that cannot.

Increasing Population

If there is an obvious reason why people will be moving to a certain place it would be the economy. In an analysis published online (Vliet), it was almost a no brainer to move to Oregon state due to its more than double performance against the country’s own numbers in terms of economic development. The state has seen serious economic growth that it would not just attract companies and businesses, the next person to be attracted would of course be the workforce itself. This has caused the city to witness more and more people coming in to try and find work and/or businesses that can land them some financial benefit. More people coming in is a good reason why the number of street dwellers will increase as well. The first point being lower vacancy on rentals is because of the second point being low supply on houses in the state and in the country would certainly come from one solid reason, increase in population. This increase has caused and will cause future addition to the number of people in the streets who apparently are the ones in the margin of the economy who can no longer afford the amount required to acquire their own housing whether by rental or by ownership.

Works Cited

Online sources

Hammill, Luke. "Can't Find An Apartment? Oregon's Vacancy Rate Was Nation's Lowest, Data Show." OregonLive.com. N.p., 2015. Web. 17 Aug. 2018.

(Vliet)

Vliet, Amy Vander. "Oregon GDP Growth Ranks Second Fastest Among All States - Article Display Content - Qualityinfo." Qualityinfo.org. N.p., 2017. Web. 17 Aug. 2018.

Lehner, Josh. "Why Housing Supply Matters." Oregon Office of Economic Analysis. N.p., 2017. Web. 17 Aug. 2018.