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The population of Portland has more than doubled. Interest rates are at 0 and Portland has a popularity increase over 35 years making properties more desirable
by ipaddr 5y ago
The population of Portland has more than doubled. Interest rates are at 0 and Portland has a popularity increase over 35 years making properties more desirable.
Portland is trying not to ruin what made it unique with density everywhere and they are not making new land so all of that equals higher prices.
Once interest rates go back to 7% and people start leaving you will see prices go down.
Salem or Gresham would be a cheaper city to move to.
- nly 5y agoInterest rates don't matter to first time buyers trying to get on the housing ladder. When housing is 8x income and the bank won't lend you more than 5x income you need to start with a 40% equity to get anywhere