Portland Makes List of Undervalued Housing Markets

[soleri]

The reasoning here is a bit on the nebulous side - The TV show Portlandia - but maybe there's real magic in the business of buzz. Assuming this is a valid parameter, I can't help but wonder why Portland isn't experiencing more condo developments. We're past Peak Froth levels of 2007 yet aside from the Cosmopolitan, what is there? Even in Phoenix, which was absolutely devastated by the crash, there are numerous condo projects being constructed or proposed. Does anyone have an insight why Portland isn't participating nearly as much (aside from the Cosmopolitan)?


http://money.cnn.com/gallery/real_es...arkets/10.html

[58rhodes]

Originally Posted by soleri

The reasoning here is a bit on the nebulous side - The TV show Portlandia - but maybe there's real magic in the business of buzz. Assuming this is a valid parameter, I can't help but wonder why Portland isn't experiencing more condo developments. We're past Peak Froth levels of 2007 yet aside from the Cosmopolitan, what is there? Even in Phoenix, which was absolutely devastated by the crash, there are numerous condo projects being constructed or proposed. Does anyone have an insight why Portland isn't participating nearly as much (aside from the Cosmopolitan)?


http://money.cnn.com/gallery/real_es...arkets/10.html

It shows a lot of uncertainty

[innovativethinking]

Originally Posted by soleri

The reasoning here is a bit on the nebulous side - The TV show Portlandia - but maybe there's real magic in the business of buzz. Assuming this is a valid parameter, I can't help but wonder why Portland isn't experiencing more condo developments. We're past Peak Froth levels of 2007 yet aside from the Cosmopolitan, what is there? Even in Phoenix, which was absolutely devastated by the crash, there are numerous condo projects being constructed or proposed. Does anyone have an insight why Portland isn't participating nearly as much (aside from the Cosmopolitan)?


http://money.cnn.com/gallery/real_es...arkets/10.html

Tell me about it.. I been wondering this for months and months. Think about it before the recession Portland was not as famous, was not growing as fast and yet we were in a midst of a real height boom in the condo market. You would have thought southwater front would have started where it left off with a line of under construction or proposals filled with condos above 21 stories yet we get barley a few here and there low rises barley going over 6 or 7 stories..

What's that about?

[58rhodes]

Originally Posted by innovativethinking

Tell me about it.. I been wondering this for months and months. Think about it before the recession Portland was not as famous, was not growing as fast and yet we were in a midst of a real height boom in the condo market. You would have thought southwater front would have started where it left off with a line of under construction or proposals filled with condos above 21 stories yet we get barley a few here and there low rises barley going over 6 or 7 stories..

What's that about?

it seems to me that developers arent sure of the Portland market. I work for a real estate management company and they are developing more in Eugene than Portland. BTW the company is out of Vancouver Wa. and they are building condo's over there.

[innovativethinking]

Originally Posted by 58rhodes

it seems to me that developers arent sure of the Portland market. I work for a real estate management company and they are developing more in Eugene than Portland. BTW the company is out of Vancouver Wa. and they are building condo's over there.

How do you not build in Portland then? The biggest city between those two. Our population is growing, UGB, I mean Portland is hands down riding at an all time high in popularity, CNN recently named it the most moved to city in the country..

If anything we need to build more high rise condos and especially apartments for these new people to live. This is the time.

What else more sure do the developers need?

[colganc]

Originally Posted by innovativethinking

How do you not build in Portland then? The biggest city between those two. Our population is growing, UGB, I mean Portland is hands down riding at an all time high in popularity, CNN recently named it the most moved to city in the country..

If anything we need to build more high rise condos and especially apartments for these new people to live. This is the time.

What else more sure do the developers need?

http://money.cnn.com/2015/01/08/real...oregon-moving/

Maybe it was Oregon as a whole and really a survey by United Van Lines? The Portland metro has a number of cities growing much faster and, based on the numbers, much higher than Portland on even domestic immigration.

Phoneix or Austin for example.

Regardless i'm not sure why it would effect whether developers decide apartments over condos. It is obvious Portland is growing enough to require more housing.

[colganc]

Originally Posted by innovativethinking

How do you not build in Portland then? The biggest city between those two. Our population is growing, UGB, I mean Portland is hands down riding at an all time high in popularity, CNN recently named it the most moved to city in the country..

If anything we need to build more high rise condos and especially apartments for these new people to live. This is the time.

What else more sure do the developers need?

http://www.bizjournals.com/denver/bl...ry-dennis.html

http://www.miamiherald.com/news/busi...le1954784.html

https://businessjournalism.org/2013/...ing-into-2014/

http://www.ladowntownnews.com/news/a....html?mode=jqm

And finally...
http://www.calculatedriskblog.com/20...arts-near.html

Calculatedrisk seems to really show it is about demographics. For apartments vs condos and multi-family vs SFH. Maybe a shift in the coming years from apartments to condos and SFH as millenials get older, out of some debt, establish careers, and want to start a family?

[soleri]

Originally Posted by colganc

http://<br /> http://www.ladowntown....html?mode=jqm

Thanks for the links, and the one above appears to offer the clearest explanation(s).