- I have been saying for awhile that newspaper advertising doesn't do much.
- Here is some information on the tax benefits of real estate investing.
- Understanding Zero Down and Buyer's Clubs
- Top 5 cities and bottom 15 cities for price movements.
I had two offers on one of my listings which was a pleasant surprise. What is interesting is that it was one of my higher priced listing. Back in August I listed a $650,000+ home and that one sold in 10 days.
Portland is still the cheapest city on the West Coast. Portland will look attractive to outsiders and we will continue the immigration from other states. I have heard some people saying that Portland could drop 20%. I have trouble imagining that.
Portland has been listed as an overpriced city by Money Magazine in many of the last few years. I attended a seminar from a local firm that does projections for home builders in many states. He said that Portland is a tough economy to figure out for most economists because we don't have one central driver for our economy.
Being the cheapest city on the West Coast is a bit of an insurance policy. Just like home prices, there gets to be a low point for lower end of the prices. There is very little for less than $200,000 and many different sizes swirl around there. But up at the half million dollar mark, there is more room for fluctuation.
That is the difference between us and San Diego or Las Vegas in a nutshell.
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