business • OregonLive • 6 months ago

Portland affordable housing is in financial collapse. Can it be salvaged? - OregonLive.com

Portland affordable housing is in financial collapse. Can it be salvaged? - OregonLive.com

“It’s a business model that’s failing,” a local affordable housing executive said.

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Ambrose Haynes' ordeal is a glaring indictment of a capitalist system that prioritizes profit over people's basic needs. The fact that thousands of affordable housing units lie empty while the homeless suffer is a bitter testament to the dysfunction of a market-driven approach to housing. This is class warfare, where the vulnerable are left to fend for themselves in a game rigged by the rich.

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