'Strike Price'

Suppressed "Strike Price" Map

The Portland Bureau of Planning and Sustainability (BPS) literally drew Wall Street a map OF WHERE TO STRIKE BEFORE AND AFTER CITY-WIDE UPZONING

As part of the Residential Infill Project (RIP) proposal to upzone 96% of the Portland, City planners identified every taxlot in the city where the proposal would increase the market exchange rate beyond the 'strike price' threshold. They stashed this document in an orphaned network folder and omitted it from project documents available to the the public through the 'map app' portal

36x48_RIP_strike_price_taxlots_181005.pdf

ftp://ftp02.portlandoregon.gov/BPS/s_price_181005/36x48_RIP_strike_price_taxlots_181005.pdf

For more detailed viewing of this map, we recommend downloading as a .pdf and viewing / zooming in Adobe Acrobat Reader.

In an era of rent-backed mortgage securities, Wall Street Landlords, AirBnb, iBuyers, Opportunity Zone tax avoidance, and high-tech real estate investment platforms of scale, this illustrates the difference between RIP as a "housing proposal" and an opportunistic Real Estate investment land grab.
And at the global event-horizon of a cataclysmic eviction epidemic resulting from COVID-19, and in a working-class city that is 50% renters, this places a bulls-eye on everyone who lives in the low-hanging fruit of speculative redevelopment - un-protected, un-subsidized, occupied low-income rental housing.
City planners put a 'For Sale' sign on entire communities belonging to the historically marginalized, dislocated, and exploited - AGAIN.

Strike Price explained

METHODOLOGY

PORTLAND Metro's 2018 Addendum to the Buildable Lands Inventory (BLI) is all about the strike-price

https://www.oregonmetro.gov/sites/default/files/2018/07/03/UGR_Appendix2_Buildable_Lands_Inventory.pdf

A few examples illustrating the specific intention of upzoning in order to incentivize for-profit developers to demolish and replace existing rental housing with significantly more expensive units to yield significantly higher private-profits.

RACIST AND CLASSIST CITY-SPONSORED TARGETING

Additional views of the RIP "Strike Price" Map's devastating impact

We Extracted the raster data from the city-sponsored RIP "strike price" map that was gifted to real estate specualtors in October of 2018 - giving private equity and Wall Street landlords just shy of 2 years to go bargain hunting in anticipation of RIP's passage in July of 2020.

Here you will see exactly where this city-wide land use deregulation has placed its targets and the extent of the devastation to come. When cross-referenced with mapping of renter-occupied housing, median family incomes (MFI), market-rate affordability by MFI, and diversity index, it is clear that the Residential Infill Project specifically and disproportionately targets already cost-burdened renters and historically marginalized Communities of Color.

strike price taxlots

strike price heat map

WATCH + witness

PLAYLIST AND VIDEO EXPLAINER - INCLUDING REQUIRED VIEWING CLIPS FROM PLANNING AND SUSTAINABILITY COMMISSIONER ANDRE BAUGH AND OTHER PSC COMMISSIONERS OF COLOR who voted against the residential infill project

https://www.youtube.com/playlist?list=PLdlmuScnZTEn6GcrFDThawljwrtcQcxw_

Public Engagement vs 'Engagement Theater'

This was our testimony at City Council for the Residential Infill Project

Members of the public were given 2 minutes to testify and directed to submit documentation for the public record by 8 pm directly to the planning bureau through their 'map app', rather than to the council clerk which goes directly into the auditor's publicly accessible and transparent digital repository.

We submitted our written testimony directly to the council clerk via email at 7:59 pm (Email is considered written testimony and must be entered into the public record). This is standard procedure for public testimony attached to City Council agenda items.

See our response to the city's notification that our testimony had instead been archived at the Planning Bureau, within many difficult-to-navigate layers, and under the purview of the agency we are directly accusing of conflicts of interest and violations of the public trust.

listen + learn

Longer form discussions about wall street landlords, rent-backed securities, residential infill, etc.

We've provided both embedded audio and site links

https://www.kboo.org/media/78498-15-tripp-p-24jan2020

https://kboo.fm/media/74460-false-narratives-about-housing-economics