Rumor What's going on in Portland? (3 Viewers)

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THE HCP said:
Been gone for a week, so just enjoyed a fantastic lunch with the wife. Stimulating the inner city economy one meal at a time.
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Yeah well not everyone is a badass trained to destroy military policeman. Easy for you to say.
 
Stole this post from reddit, regarding blaming our meth problem on some "new formulation". Apparently there is no evidence that the new hotness is chemically different than the old busted meth...

But this just speculation. There's no evidence of any chemical or physiological difference in the meth or from the meth, just anecdotes.

This is exactly what happened with crack. It blamed a drug formulation and ignored the social issues that exacerbated the drug issue. That's why I'm really skeptical about this.

All of this drug's growth in usage has happened after a major recession and then an immediate and drastic increase in housing prices. You also get widening of income inequality and a major sorting of jobs requiring a college education and ones that don't.

Along with a rapid decrease in the price of a drug along with a rapid increase in purity of the drug. The anecdotal evidence could easily be explained by larger dosing.

You can hear a good interview with Quinones for his new book at econtalk: https://www.econtalk.org/sam-quinones-on-meth-fentanyl-and-the-least-of-us/

But until there's some evidence of different chemistry I'm going to be very skeptical and I think emphasizing the possibility of higher dosing and housing costs along with labor force participation issues makes more sense.
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Phatguysrule said:
This is a normal dip. They happen pretty much every year or two.

Not even the largest recessions in our history have held priced down for 10 years. At some point between 5 and 10 years from now home prices will be higher than they are right now. They may dip between now and then, but they'll come back. Every real estate peak in history has dips exactly like your link.

There is far more long term demand than there is supply. We have among the best climates in the country, and shipping ports. The only thing that will cause people to evacuate this area is a natural disaster of some kind.
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Portland is the most affordable metro on the West Coast. I have no doubt sales will remain strong, just as we were not hit nearly as hard as most major metros than in 2007 or so.

That being said..... we don't really have an active shipping port. The Port of Portland is essentially dead. (At the moment, and it will be short-lived, the Port of Seattle is essentially dead due to the logistics issues facing our country.)

It's no surprise that real estate prices are slowing right now, though. It's called "fall" and "winter". Naturally happens every year. November-February are the typically the slowest real estate months in Oregon by far.
 
By the way, just sold my 90-year old, 2,000+ sq foot house in Mac without listing it for sale for nearly $600K. Buying slightly bigger here new construction in Mac for $100K less than we're selling for. Sure, I'm moving from Main Street by 3/4 of a mile, my current lot is average-sized, but given the interest rates, selling my house for double what I paid 5.5 years ago, etc., it's totally worth it. I see houses in similar lots and similar square footage in inner SE Portland going for about the same price. We didn't even publicly list - we interviewed agents and one already had buyers for it. Moving next week.

I work with a lot of folks living outside the state moving here because the affordability of the area and the newfound abilities to work from home. Portland metro should hold strong, even if it takes a small dip in the short-term.
 
THE HCP said:
Been gone for a week, so just enjoyed a fantastic lunch with the wife. Stimulating the inner city economy one meal at a time.
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BLAZINGGIANTS said:
By the way, just sold my 90-year old, 2,000+ sq foot house in Mac without listing it for sale for nearly $600K. Buying slightly bigger here new construction in Mac for $100K less than we're selling for. Sure, I'm moving from Main Street by 3/4 of a mile, my current lot is average-sized, but given the interest rates, selling my house for double what I paid 5.5 years ago, etc., it's totally worth it. I see houses in similar lots and similar square footage in inner SE Portland going for about the same price. We didn't even publicly list - we interviewed agents and one already had buyers for it. Moving next week.

I work with a lot of folks living outside the state moving here because the affordability of the area and the newfound abilities to work from home. Portland metro should hold strong, even if it takes a small dip in the short-term.
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Mac?
 
‘New meth’ is a factor in Portland’s homelessness crisis, Central City Concern CEO says.

 
BLAZINGGIANTS said:
McMinnville

Wine country, braddah! Come on, I sent you some love in a box, FAMS!
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A few years back went golfing out there with a friend, who's lived there is whole life. I was mazed at how many sirens were constantly occurring and he said it was all the retirement centers in Mac?
 
Hoopguru said:
A few years back went golfing out there with a friend, who's lived there is whole life. I was mazed at how many sirens were constantly occurring and he said it was all the retirement centers in Mac?
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No clue. I live right in the heart of town, and I don't hear them, but I wouldn't be surprised. Especially if you're near the golf course, where it's mostly older folks living (and apparently dying).
 
Orion Bailey said:
I see any typos… what did i do wrong now?
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Nothing, just a joke (era vs. error) implying that the original development of a gigantic mall in the inner eastside was a mistake.

Whether it was or wasn't is debatable, of course. It was presumably profitable for many years, but it did destroy the neighborhood.

barfo
 
barfo said:
Nothing, just a joke (era vs. error) implying that the original development of a gigantic mall in the inner eastside was a mistake.

Whether it was or wasn't is debatable, of course. It was presumably profitable for many years, but it did destroy the neighborhood.

barfo
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In the center of the city.... Lloyd Center.

In the center of it all.... Lloyd Center.

The only Center in the center of the city....

Lloyd Center.... HAS IT ALL!

(Until current times, that is.... FAMS!)
 
barfo said:
Nothing, just a joke (era vs. error) implying that the original development of a gigantic mall in the inner eastside was a mistake.

Whether it was or wasn't is debatable, of course. It was presumably profitable for many years, but it did destroy the neighborhood.

barfo
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Ahh. Not privy to the Lloyd district prior to the Center going up.
 
Orion Bailey said:
Ahh. Not privy to the Lloyd district prior to the Center going up.
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I guess where I-84 is now at Lloyd Center used to be a golf course.

Looks like they finally tore down the old clubhouse for the GC. I think it was a credit union most recently.

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