Update for Portland Landlords
Recession in Rural Oregon
What it is:
There continues to be an increasing divide in the economic recovery between urban and rural Oregon. It is estimated that rural Oregon needs another 8,000 jobs to be fully recovered from the recession. By most measures, Oregon’s economy is roaring, but for some of the poorest residents, the economic growth in Portland actually makes life harder. Well-paid workers drive up home prices and rents, while those in low and middle income jobs find themselves shut out. Half of the jobs in the state are in a three county metropolitan area, while in four rural counties, unemployment is still well below pre-recession levels.