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2021-11-02 Fifth Column
Antifa-Ravaged Portland Learns Tourists Are 'Afraid' of Their Utopia
[PJMEDIA] Portland
...a formerly lovely city in Oregon, governed by an unholy alliance of communists, anarchists, and incompetents. In 2017 the city was named as the fifth most business-friendly in the nation. It took only three years for the city to degenerate to the point where it became a national embarrassment, with antifa and Black Lives Matter bullying taxpayers and occasionally shooting one as an example to the others...
, Oregon is nearly dead last on the list of cities where tourists and conventioneers want to spend money and time. And it makes sense. Portland is circling the drain.

The leaderless city from which police are fleeing, where Antifa
...the armed wing of the Democratic Party...
thugs are ascendant, and which people in nearby towns avoid, is dying before our eyes.

Elected Leftists can’t seem to prioritize problems or affect solutions beyond spending more money to study an issue or giving out more freebies via their favorite NGO’s to "fix" problems for them. Grift being what it is, problems don’t get solved.

Leftists have tried hard to mold the one-time jewel of a city into their socialist utopia.

The city’s "Travel Portland" tourism CEO, Jeff Miller, says nobody wants to visit their utopia. Miller told the commissioners, "Portland has declined to the lowest levels of being a likely destination for delegates to attend a conference." And it comes down to only a few things. "Portland-specific issues that are related to civil unrest and public safety concerns have exacerbated the negative occurrences of declining attendance and group cancellations."

Miller told Mayor Wheeler and the council, "Continued attacks and breaking glass on buildings throughout the city, but especially downtown, continued to affect this hard to overcome sentiment. Our central city occupancy in September lags every competitive city we tracked."

The only worse city was Minneapolis, which was also set on fire by Antifa and BLM, where cops are more hated, and where the Left has a firm hold on the justice system. See the Chauvin case for reference.

City Commissioner Mingus Mapps, the commission’s travel liaison, told his fellow commissioners during a Zoom meeting that things are very, very bad. "Here’s the problem. Around the world," he told them, "too many people associate Portland with homelessness and homicide. Today, a significant chunk of humanity is afraid of spending time and money in our city."

"Afraid" being the operative word.

It turns out that people just aren’t into crime-friendly places, where you could be shot at a downtown club, be clubbed on a downtown street, be called a fascist
...anybody you disagree with, damn them...
by the club-wielding mob, or where, for political reasons, cops won’t be able to find your body when you go missing or arrest somebody for your murder.

It’s kind of a turnoff.

Stepping around human feces and tents is also a problem.

Leaderlessness results in an ever ending expansion of so-called "homeless" camps, which are nothing more than Fentanyl Flats, where druggies are encouraged to sleep and use for free.

Instead of telling people to drive their cars or RV’s away, the city assumes responsibility for these grown-ass, drug-addled adults and tells them to hang on because the city will use other people’s dwindling tax money to build them a damned condo because they care so much and are so "charitable."

And they wonder why the "homeless" problem grows.

Mayor and Police Commissioner Ted Wheeler
...Poindextrous lefty Dem mayor of Portland, Oregon. Allowed a year and a half of Antifa/BLM riots to destroy downtown sections of his city while playing catch and release with the perpetrators and hamstringing his police. He got reelected in the course of all that because the alternative was worse. He has yet to accomplish anything of substance, unless destroying a fairly pleasant city counts...
, who defunded police upon real threats by Antifa and BLM rioters, just announced that, gee, we need more cops. He’s throwing money at retired cops to come back and also planning to spend more money to reimagine policing. Yet, another money-sucking grift as well as a paean to Antifa and BLM that will solve nothing.
Posted by Fred 2021-11-02 00:00|| || Front Page|| [46 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

14:01 Mercutio
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