2 On Nov 26, 08:55 am, THartill wrote:

I know what you mean JT. But it seems like prices are still high around these parts. Portland is getting press about being the only city where prices are higher than a year ago. I’m guessing it’s the same for Eugene?

(P.S. I had no idea what would happen if I ever got on the front page of OregonLive…Holy Smokes am I getting the hits!)

4 On Nov 26, 10:13 am, Pierce wrote:

Ron Paul’s got it right. The Fed sets the tone for all money grubbing lenders and starry eyed buyers. I would not be surprised to see prices dropping for at least the next couple three years.

6 On Nov 26, 01:46 pm, truthiness wrote:

What many fail to realize is the measures and laws, (49) for instance, including multiple layers of government (Metro) and SDC’s (development costs) etc. are limitations and obstacles to building, creating an artificial scarcity of homes, which will impact our economy. Basic economics 101 says scarcity of supply and high demand creates inflation. So while you continue to rent waiting for the prices to tumble, thousands continue to move here, the elderly are living longer, and the baby boom continues (and don’t get me started on the illegal immigrants needing a place to live too). Therefore, when you voted for measure 47 you created additional limits to development (which I’m not saying is bad) but that will sustain the shortage of housing, thereby driving the price of homes up. Remember, PDX housing prices, although high, are low compared to every major city on the west coast. Also, the number of sub-prime loans written in Oregon is substantially lower than in the ground zero states of Calif. Florida, Michigan. Oregon will fair well as this works out because our market didn’t go nuts when compared to other west coast cities (although I’m sure some would argue with me)

The greatest thing that may come out of this situation is awareness by the public; buyers will be more educated about the awesome responsibility of owning a home. And it may even be worth more in 30 years.

8 On Nov 27, 01:27 pm, walter richards wrote:

You forgot one point of blame on the gov’t – unConstitutional “ownership” of land. Thus, when the BLM (say) asserts that it “owns” land … despite the fact that the BLM is an unConstitutional agency, not to mention the strict Constitutional restrictions on what land the gov’t CAN own … there is less land available for development.

The other day, I saw a news story about a web-based lending system for small businesses in other countries. You can contribute (say) $100 as a loan to a basket-maker in Rhodesia, to help them start their business and they pay you back. Totally bypassing banks. IIRC, they said over 95% of the loans had been paid back. And that was with something like $10-million loaned out. Anyways, where was I going with this? Oh yeah. I can imagine something like this paired with Habitat for Humanity to help provide home ownership to lower-income families.

10 On Nov 28, 11:05 am, truthiness wrote:

Walter, that program is a product of the International Rotary. I don’t see its implementation here in the USA due to our various state and federal usury laws. Too much liability/risk, but Rhodesia isn’t quite the litigeous society.

12 On Dec 15, 11:09 am, Julie Davis wrote:

Great article. How about “Blame the breeders”, “Blame the immigrants” or “blame the American Dream”. Housing is getting more expensive since the coasts of the USA are probably now more dense then Europe. There’s just no where left to put everyone so we are bidding up the houses so high since we have an expectation that everyone should be able to afford a house and a family by age 30. The fact is that there are not enough resources and technology available to do that and it will only get worse as gas becomes more scarce.

14 On Dec 21, 05:20 pm, kilogramass wrote:

What a bunch of whiners”Houses are cheap on the Oregon Coast I have 3 homes”I paid 90k for them and fixed them up why can’t you. I also see that Richardo Lee is being impeached about time that we had a public impeachment…. I am also excited that the waterfront is being bought up by the rich portland people and turning it into the pearl district,,,,,,,,,,,,,,

16 On Feb 2, 07:21 am, Gary wrote:

I just wanted to give my view. Just remember that a City only grows up once. Portland is growing up into a fine city. We have massive room to grow into a great city. Massive as in space, not so much. But are planning in this city is some of the best in the country. We have good bones, a great location on the map, and a very desirable area. This city is going to do nothing but grow and get more expensive. If you are waiting for prices to fall your are crazy. Why would you wait like a little follower tell home prices start going up and buy when everyone else does. That’s when you sale not buy. There is a plenty of options on the market with lots and lots to choose from. There is also plenty of people over correcting the market. So there is some really good deals out there. You have people saling there homes just because they are scared. Makes no scenes to me at all. So you first time buyers don’t wait around, buy now. Just make sure that what you buy is something that you can really afford. There is a lot of homes close in Portland on the east side that are still cheap. That area of Portland will never have anymore room to expand its all done. Cant go wrong in any area over the river. Its 7am and I have been up all night researching security law for my law suit so excuse my miss spelling and jumping around.

Just remember my local peoples. Portland is being discovered and the world is finding out fast. The people are coming the jobs and companies will fallow. Home Prices will continue to go up as the city gets tighter. A CITY ONLY GROWS UP ONCE IN A LIFE TIME !!!!

So what does that mean? When a city only grows up once in a life time? It means you better own a piece of it while its growing up. Don’t miss out on that appreciation by being a renter. If you think Portland has already seen its appreciation, your crazy. Portland is not even close to done. It will cool off temporarily. The financing is all here that we had a year ago, you just have to look harder for it. Rates are so so Low right now. Just buy smart and hang on to that sucker for the next 10 years and you will be set. If you need to move before the next ten to fifteen years then you rent it out and buy your self another one. Very easy people. You will save more money this way then you could ever by dumping money in your 401k program.

Thanks for reading my up all night no sleep gibberish talk, Gary “Solo”

Anybody know of a really good Real Estate attorney that knows his Securities Law?

Investors Wanted !

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