Mindblown: a blog about philosophy.

Portland ranks as a luxurious locale, with housing indexed at 129, indicative of upscale living.The city experiences a lavish inflation surge, driven by high demand and exclusive supply chains.

Election uncertainty causes financial anxiety, influencing 60% of homebuyers' decisions to wait or buy now.Housing markets typically slow down during election years as buyers and sellers hesitate, awaiting results.

Housing Crisis Prominent Issue: Affordable home shortages and high mortgage rates are central to both candidates' platforms. Harris Advocates Supply Solutions: Proposes building 3 million homes with tax breaks and incentives for affordable housing.

Home prices continued to rise post-pandemic due to low mortgage rates and limited housing inventory. Housing competition has slowed, increasing inventory and giving buyers more leverage in negotiations.

Typical cost to sell in Oregon is 9.70% of the sale price. Realtor fees are 5.00%, closing costs are 2.42%, and staging costs average $2,802.

Oregon’s rent increase limit for 2025 is set at 10%, covering residential units aged 15 years and older. Senate Bill 611, passed in 2023, caps allowable rent hikes at 10%, even amid inflation.

Construction of a new affordable housing development is underway in North Portland. The project will feature 75 units, including one-, two-, and three-bedroom apartments for local families.

Oregon's rent increase cap for 2025 remains at 10%, as per the state's 2019 rent control law. The cap is determined by adding 7% to the annual CPI change or limiting it to 10%, whichever is lower.