The Portland housing market is softening a bit, of course, at a time when I've put my place on the market. I have the pessimism that we're on the precipice of a correction, however all the pros disagree and that it is just a lull...particularly in the price range my house is in. OTOH, though, there is a chance this is temporary because there is a lot of tech, etc. coming into this town. We'll see. I'm an empty nester now and hope I can cashout large on my place here. Gotta' be something good that comes out of my life smashing into the mountain (divorce, blah, blah, blah).
Manny is right, the traffic here SUCKS. I commute from NE Portland to Hillsboro and my commute time is anywhere from 50% to double what it was 5 years ago. I don't really see much of an infrastructure solution either...and if some bright city planner has one it will certainly be years to implement and will make it worse over that time period. I've avoided riding the bike to work (some days it'd be faster on the way home) because it is either stop and go through lights, etc. (1 hr 15 min ride takes 1hr 40 min) or ride on a non-shouldered road with the traffic. I'm close to the point of doing it anyway ... or hacking my way past the scary parts on the MAX and riding the rest of the way out to Hillsboro.
I don't get the PDX hype either, however, I will say that in aggregate the food is better than anywhere I've ever lived...so not quite with ya' there Manny. Then again, I'm a celiac and there isn't better place that Portland for us glutards...so I have a huge bias. There is always a bunch of things happening, but most cities (out west anyway) are like that.
Traffic in Bend (my home town) is sucking already. It has been an "IT" place off and on for a few decades. Bend is a place where there isn't the economy to sustain the property price ramp -- if you're not independently wealthy, or a telecommuting nerd, your job is in service of others living there, most of which aren't gigs that you can afford the average house. Back in '08/'09 Bend got clobbered. It was *the* time to buy a vacation place there.
'Just hoping that in these cycles of peaks and valleys with Portland & Bend real-estate that I can time things to have a place bought and paid for in Bend by the time the kids are outta college and I write the last spousal support check. Then Portland & the tech industry can take a flyin' f*ck on a gluten-free organic donut and I'll spend the rest of my days being poor working in a bike shop in the only place I've ever considered home.