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Quinta das Amoras, Vinho Tinto 2009
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Miles run year to date: 54
At this date last year: 50
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Comments (10)
Any projections on when we can expect the 1M new people in the Portland-are who'll be riding all those MAX/streetcar lines?
Posted by Steve | December 22, 2010 7:32 AM
Interesting to compare population growth with housing over the same decade. Nationwide, housing unit growth (extrapolating from 2009 data) was about 2.5 percentage points higher than population growth over the decade 2000 to 2010.
It will probably take 3 to 4 years total to work the resulting excess housing inventory out of the system. Since the cleansing process started in earnest two years ago, that means it will be probably be another one to two years before the housing start economic engine revs up to offer significant support for economic recovery. The home purchase tax credits were a gigantic waste -- only time heals this wound.
Posted by Newleaf | December 22, 2010 8:06 AM
But . . . but . . . but . . . 1 million people are gonna come, right? Metro said so! We still gotta build streetcars and condos!
Posted by Eric | December 22, 2010 8:56 AM
Shush up all of you...Metro will come in and shut down this website because it is not in line with their population growth forecasts that dictate "smart growth" and light rail and streetcars everywhere...
Posted by Erik H. | December 22, 2010 9:47 AM
Oregon growing? What a laugh now that Washington gained another seat in Congress, doubling our robust population growth projections.
Posted by Dean R. | December 22, 2010 10:08 AM
New rule:
From now on any politician that wants to gamble public funds for a new project based on theoretical population growth needs to post their PERS retirement as collateral for the project.
Posted by PanchoPDX | December 22, 2010 11:25 AM
You guys aren't keeping up with the meme. It's time for Metro to debate whether or not to expand the UGB. So during these times, the planners emphasize that there will be next to no growth, and we won't need any land.
Once Metro has officially declined to expand the UGB, THEN we start talking about the one million again.
Posted by Snards | December 22, 2010 12:03 PM
...annual rate of 1.14% over the last 10 years
Interesting. And the birth rate for the US in 2009 was 1.38%.
Posted by John Rettig | December 22, 2010 12:19 PM
There is also statistical analysis of household formation growth, which I believe has averaged between 1.5 and 2.5 percent a year, but actually shrank the past year or two. Given that, and all the mortgage issues still being digested in the banking/financial system, I would be surprised if the excess housing would be absorbed within the next two years. Also hard to be purchasing a house (and even keeping the one nominally owned) when unemployment continues around the 10% mark.
Posted by umpire | December 22, 2010 12:41 PM
Annual rate of growing of Oregon 1.14% over the last 10 years! Does this surprise anyone of you?
Posted by Affordable Weddings | December 26, 2010 10:55 AM