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Surely Portland won't wind up like SF. First, look at a map. SF has Vancouver WA across the river. Portland itself can also expand more easily. SF is a Peninsu
by sien 10y ago
Surely Portland won't wind up like SF.
First, look at a map. SF has Vancouver WA across the river. Portland itself can also expand more easily. SF is a Peninsula and so it's much harder to expand around the place.
Secondly, Silicon Valley is a well known global hotspot for IT. Everything else is miles behind. The pressure of all that money in the Bay Area is huge. It's worth noting that these problems were not nearly as bad during the 1980s or 1990s boom. It's only been after multiple booms that the SF real estate market broke. Portland isn't as likely to have multiple booms to the same degree.
Portland and Austin are certainly seeing the price of real estate going up substantially. But surely it's a sign of success and is largely a good thing, unlike the super pricey real estate of SF or Sydney of Melbourne AU, NYC or London.
- shas3 10y agoYeah, I don't understand how Portland will be the next SF or even the next Seattle. SF and Seattle are years ahead in economic growth. Further, SF and Seattle have solid schools and universities. Portland is quite mediocre in that respect. The local universities in Portland and in wider Oregon are eminently mediocre.