5 ms·
We bought a small one-bedroom condo in downtown PDX for my brother to live in ~3 years ago b/c it seemed like a better investment than random stocks/ETFs. He li
by rcoder 9y ago
We bought a small one-bedroom condo in downtown PDX for my brother to live in ~3 years ago b/c it seemed like a better investment than random stocks/ETFs. He lived there for a year, and we rented it part-time for another four months.
Purchase price was $145k. Sale price (after only 16 months) was $190k.
We used to proceeds from that sale to buy a two-bedroom house for my parents move into for their retirement. Paid $250k last October; recent sales in the neighborhood suggest it's worth $310-325k now.
So yeah, agreed re: bonkers Portland housing price inflation.
- conanbatt 9y agoNot inflation, demand shock. Inflation is generalized increase in prices. Im sure beers and miso-fries have barely changed prices if at all.