3 ms·
Not sure if you saw the edit, but I live in what is traditionally considered a Tier 2 city (Portland area) by most (all?) accounts. I face prices that are more
by no_wizard 3y ago
Not sure if you saw the edit, but I live in what is traditionally considered a Tier 2 city (Portland area) by most (all?) accounts.
I face prices that are more appropriate for a Tier 1 city, and constraints more appropriate for a Tier 1 city, without the adjustments to wages of a Tier 1 city. This isn't wholly unique to Portland either.
Some of this is policy, some of this is locality, some of it is state quirks, but generally speaking, policy does not reflect reality no matter where you look
- seanmcdirmid 3y agoPortland actually has the tech jobs and salaries to stoke its housing prices, or no one could afford them. But I get the feeling that lower end wages must be less than Seattle given how much more affordable the restaurants are, that non tech jobs aren’t keeping up.
- kasey_junk 3y agoPortland is considered a highly desirable city! Oklahoma City is similarly sized and has a median home price half of Portland.
- no_wizard 3y agoIt’s a Tier 2 city by Amy definition of that term I’ve ever read
- kasey_junk 3y agoNot by the definition real estate investors use: https://www.investopedia.com/terms/r/real-estate-tier-classifications-tier-1-tier-2-and-tier-3.asp#:~:text=These%20cities%20have%20the%20most,developing%20their%20real%20estate%20markets https://www.investopedia.com/terms/r/real-estate-tier-classi....
- no_wizard 3y agofrom the investopedia article: >Tier 2 cities such as Seattle or Pittsburgh If Seattle is somehow Tier 2, then Portland is definitely at most Tier 2, if not even lower