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Portland, OR is getting pretty bad as well. Average cost to own a home in 2015 is $313,000[1]. I can't find a current house hold income figure but I know it's p

Portland, OR is getting pretty bad as well. Average cost to own a home in 2015 is $313,000[1]. I can't find a current house hold income figure but I know it's pretty low. Definitely below the national average IIRC. The thing to note is that many of those houses selling for ~$300k are very small (< 1000sqft). So the average housing cost for a family of 3 is probably much higher. 1. http://www.movingtoportland.net/wp-content/uploads/AverageMedianSalesPrice_May2015.png http://www.movingtoportland.net/wp-content/uploads/AverageMe...

cpncrunch 11y ago
$313k? That's a pittance compared to Vancouver where the average home is over $1M. Even in the shitty east side with drug-dealers and prostitutes hanging out on your street you still pay over $1M for a detached home.
- ryanSrich 11y ago
  Fair enough. Perhaps rental was a better comparison. They are very close, and Portland pays way less than Vancouver (in addition to the US not having healthcare) - I'd say it's more expensive to buy in Vancouver, more expensive to rent in Portland. 1. https://www.rentjungle.com/average-rent-in-vancouver-bc-rent-trends/ https://www.rentjungle.com/average-rent-in-vancouver-bc-rent... 2. https://www.rentjungle.com/average-rent-in-portland-or-rent-trends/ https://www.rentjungle.com/average-rent-in-portland-or-rent-...
  - abandonliberty 11y ago
    Houses in Vancouver are traded equities. They are more subject to external and speculative investors, rather than just local income and demand. As a result, the price-to-rent ratio has been unreasonable in a similar way to Amazon's stock price.
- curiousjorge 11y ago
  its over $2.23M now apparently. http://www.theglobeandmail.com/report-on-business/economy/housing/blistering-bc-housing-prices-put-pressure-on-politicians/article24836765/ http://www.theglobeandmail.com/report-on-business/economy/ho...
- msie 11y ago
  Detached homes are really valuable (because you can tear it down). But there are spacious townhouses and condos which are not as expensive.

cpncrunch 11y ago

$313k? That's a pittance compared to Vancouver where the average home is over $1M. Even in the shitty east side with drug-dealers and prostitutes hanging out on your street you still pay over $1M for a detached home.

ryanSrich 11y ago
Fair enough. Perhaps rental was a better comparison. They are very close, and Portland pays way less than Vancouver (in addition to the US not having healthcare) - I'd say it's more expensive to buy in Vancouver, more expensive to rent in Portland. 1. https://www.rentjungle.com/average-rent-in-vancouver-bc-rent-trends/ https://www.rentjungle.com/average-rent-in-vancouver-bc-rent... 2. https://www.rentjungle.com/average-rent-in-portland-or-rent-trends/ https://www.rentjungle.com/average-rent-in-portland-or-rent-...
- abandonliberty 11y ago
  Houses in Vancouver are traded equities. They are more subject to external and speculative investors, rather than just local income and demand. As a result, the price-to-rent ratio has been unreasonable in a similar way to Amazon's stock price.
curiousjorge 11y ago
its over $2.23M now apparently. http://www.theglobeandmail.com/report-on-business/economy/housing/blistering-bc-housing-prices-put-pressure-on-politicians/article24836765/ http://www.theglobeandmail.com/report-on-business/economy/ho...
msie 11y ago
Detached homes are really valuable (because you can tear it down). But there are spacious townhouses and condos which are not as expensive.