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_estate/2015/06/04/undervalued-housing-markets/10.html