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2021-11-02 Fifth Column

Antifa-Ravaged Portland Learns Tourists Are 'Afraid' of Their Utopia

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Posted by Fred 2021-11-02 00:00|| || Front Page|| [47 views ] Top
File under: Antifa/BLM

#1

I predict....
Portland already has the paperwork being put together to apply for a Federal Bailout.

Just like NYC did in 1975? due to tinkle poor Democrat mgt. and NYC may have to again also.)

Posted by NN2N1 2021-11-02 07:44|| 2021-11-02 07:44|| Front Page Top

#2 as far as I can determine residential property values in Portland are holding up quite well, even outpacing most of the country

I can't get reliable figures on commercial property

Posted by Lord Garth 2021-11-02 08:38|| 2021-11-02 08:38|| Front Page Top

#3
Just check Zillow, Realtor, discarded the MSM hype and looked at HUD.

GO figure? ....Its a interesting market

HUD/Office of Policy Development and Research (PD&R)
Portland, OR (N&E)

2020 - 46,450 homes sold
2021 - 54,600 Homes sold
18% increase in # of sales since 2020

2020 - $434,700 Average price
2021 - $488,200 Average price
12% increase in selling price since 2020

1,200 to 1,500 sg/ft houses going for $500k
Up to 1,600 Properties listed in Portland, OR.
depending on search.
=================================
HOWEVER
The Portland Commercial World
"Portland suffered unprecedented increase in vacant office space last year" 01-2021

"Portland's downtown commercial vacancy rate has reached a staggering 17.5% and is projected to keep climbing." 05-2021

A quick spot check shows 4,117+ Commercial Real Estate Listings and 676+ Retail listings.

The increases vacant space is around 17+/-% over Trump years.☺

The Portland Apartment Market is SOFT.

Posted by NN2N1 2021-11-02 11:51|| 2021-11-02 11:51|| Front Page Top

#4 You can't have a seller without a buyer. That's not to say that some of the buyers weren't "We pay cash for your house!" operations and the sellers were people willing to take a haircut to get gone.

Posted by M. Murcek 2021-11-02 12:07|| 2021-11-02 12:07|| Front Page Top

#5 The selling number need more data. CA is selling homes like wildfire too. Businesses are buying them for rentals and the owners are fleeing the state or going to a rental to avoid the taxes until they can leave. I would be interested to see migration data on Portland.

Posted by 49 Pan 2021-11-02 12:12|| 2021-11-02 12:12|| Front Page Top

#6 Look for Chinese money behind straw buyers and companies, since rental income from safe US properties seems far safer, especially when leveraged through US banks. The new multi family permissions for previously zoned single family dwellings in Blue cities will create opportunities for lovely communities to devolve into Boyle Heights style squalor and densely packed houses.
3rd world conditions for all the new "immigrants" who will live on the dole and vote blue forever. When America has 40-50 massive concentrations like this....

Posted by NoMoreBS 2021-11-02 14:21|| 2021-11-02 14:21|| Front Page Top

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