Mindblown: a blog about philosophy.
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Portland Market Update | Your Real Estate Resource for Advice, Tips and Trends.
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Happy Flag Day | Your Real Estate Resource for Advice, Tips and Trends.
Flag Day is the American flag's birthday party every June 14th! Flag Day was proclaimed in 1916 but officially recognized in 1949. Talk about a late celebration! Betsy Ross, a seamstress, sewed the first flag. Imagine if designers today made flag-inspired outfits!
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Oregon: Among America’s Priciest States for Living | Your Real Estate Resource for Advice, Tips and Trends.
Oregon ranks among the most expensive states to live with a Cost of Living Index of 120.6.Housing and gas prices are the key determinants of Oregon's high cost of living.
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Your Real Estate Resource for Advice, Tips and Trends. | Oregon’s Property Tax Reset for Wildfire Rebuilds
Tax Shock: – Oregonians faced high property tax bills after rebuilding homes lost in the 2020 wildfires. Tax Rate Reset: – A new bill resets property taxes to 2020-2021 levels for homes rebuilt with the same square footage.
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Flaws found in Portland’s inclusionary housing program
An audit of Portland's inclusionary housing program revealed inadequate monitoring, with affordable apartments not always going to low-income renters. The Housing Bureau lacks oversight, with some buildings not meeting affordability requirements. Fees meant for affordable housing have not been used as intended. The program has fallen short of its goal, and marketing to potential tenants…
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Your Real Estate Resource for Advice, Tips and Trends. | Finding the Perfect Suburb: Portland’s Top Pick
5. West Linn – Population: ~27K – Median home value: ~$677K – Median rental price: $1,907 4. Lake Oswego – Population: ~40K – Median home value: ~$825K – Median rental price: $1,979
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Your Real Estate Resource for Advice, Tips and Trends. | Portland Homebuyers: Down Payments Soar by 8%
The median down payment in Portland ↑ 8% yearly to ~$71K. The typical down payment in Portland, exceeding 15%, aligns with the national median.
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Your Real Estate Resource for Advice, Tips and Trends. | $2,949 Monthly Payment: Oregon Mortgages
The avg homeowner pays $2,949 each month towards their mortgage in Oregon. To qualify for this payment, a 20% down payment on a $488,012 home is typical.
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Your Real Estate Resource for Advice, Tips and Trends. | Oregon’s New Homes Jump 9% in Value!
The US median home sale prices ↑ 5.3% yearly in Late-Q1, indicating a potential return to growth. The value of new residential housing units in the US increased by 18.9%.
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Portland Apartment Buildings Are Selling Cheap. Is That An Opportunity for Local Governments?
Metro is considering diverting some supportive housing services tax dollars to create more low-income housing. The debate involves buying existing apartment buildings at discounted prices to convert them into affordable units. Metro is exploring this option despite objections from county chairs. The agency is weighing the efficiency of purchasing existing units compared to building new…
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