SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Vosilla who wrote (290109)11/9/2010 10:21:35 AM
From: pstuartbRead Replies (1) of 306849
 
What you're saying might be true about Seattle, but not Portland, imo. 30 years ago when I lived in neighborhoods like Wallingford and Fremont and Ballard in Seattle, they were borderline dumps. They'd been built in the 1910s and 1920s and by the 70s they'd deteriorated considerably and the bigger houses had been split into apartments. In the 90s those areas got gentrified with yuppie money and now they're fashionable.

I don't see that kind of widespread urban renewal in Portland. Other than the Mt. Tabor area and a few other limousine liberal enclaves, much of the east side is still pretty run down until you get out to the eastside suburbs. Close in on the west side has always been fashionable but most of that has been unchanged for decades because there's no more room to build on the hills. The in-building in the Pearl District is more what you're talking about. There, an industrial area has been changed into upscale condos, but it was radically overbuilt in the last 10-12 years. Lots and lots of empty condos. Same for the condo developments south of downtown on the west side of the river. Massive overbuilding. The westside suburbs of Portland have not lost much in the way of property value. They've come down 20% maybe since the peak, but they haven't seen nearly the decline of other west coast suburbs.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News