Report: Average Black and Native American households priced out of Portland

Escalating housing prices are driving racial minorities and low-income people to Portland’s fringe, a new analysis of housing and income data shows. Only whites and married couples with children have median incomes high enough to withstand rising housing costs in most parts of town. That’s the news from the city’s first State of Housing in Portland report. The effort by the Portland Housing Bureau, submitted in a report to the Portland City Council last week, tracks Portland’s housing and rental markets alongside median earning data. The housing bureau used Census data to determine the median income of different ethnic groups, then looked at how different racial groups, nontraditional households like single mothers or seniors, and a range of income earners would fare if shopping for housing from one neighborhood to the next.

'For Sale' and 'Sold' signs are common in the Humboldt neighborhood of Portland.

26 investors who have way more house than you

There are 26 investors who purchased more than 10 homes for cash in the listed market in Multnomah County through the recession. The equity firms in the bunch were American Homes 4 Rent and Equity West Capital Partners. Equity West Capital Partners topped the activity list, followed by Dilusso Homes, run by real estate mogul Chris Baird, who has purchased more than 500 properties in California, Alabama and Oregon, at least 29 in Multnomah County for cash and more than 100 others in Multnomah County through a combination of cash and other means. Also high on the list were a trio of private investors: Pak Leong, Hongbo Li and Fuk Chan, who sometimes partner on deals. AAV One, owned by private investor Tina Lei, landed on the list as well, along with private companies Red Gap Holdings and JET Investments.