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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Perspective who wrote (238403)3/12/2010 7:02:50 PM
From: orkriousRead Replies (3) of 306849
 
I live in Portland, Oregon, and I really don't think property values have come down enough here. Seems like we're on the very trailing edge of the bubble. Prices are still 2X what they were just over ten years ago in many places. There just isn't any justification for it. Incomes have been stagnant.

You should check out the Detroit suburbs. You can get a decent place for the same price as in 1990.

Of course, you'll need a job, and wages have come way down.

You'll also need fairly sturdy transportation. The roads suck. I just replaced a tire with 12k miles on my wife's car. The guy at Discount Tire called it torque damage. It could have been caused by a variety of things, but around here the likely explanation is a pothole.

If you come here for cheap housing you'll also have to put up with a depressed population, and skies that are cloudy and grey all winter.

We do have the best golf courses in the country here (especially up north), with more courses per capita than any other state. Golf is cheap, too. They built way too many courses when times were good. You can play a nice course for the same price as 15 years ago.

You should check it out. There's a lot of great things about this area.
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