In an unforeseen turn of events, Portland’s Lentz neighborhood has found itself drowning in plummeting property values, with residents attributing the downfall to a rise in crime and the pervading presence of homeless camps. Real estate professionals have even begun turning down listing opportunities in the region, with the scene of tents and associated criminal activities proving less than appealing to potential buyers. Community members, many of whom once viewed the homeless as merely ‘unhoused individuals down on their luck,’ now face the financial implications of their earlier support for lenient policies. Some residents, having tried to sell their homes, are coming up empty-handed, leading to a community outcry against their own elected officials, suggesting that perhaps their past choices are now haunting their property valuations.
#PortlandRealEstate #LentzNeighborhoodCrisis #HomelessImpactOnValues
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