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Old 08-22-2016, 11:55 AM
 
379 posts, read 339,837 times
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Quote:
Originally Posted by jukes05 View Post
Thank you all for the advice. I went against Longview after reading up on i a bit more. I luckily have family in Long Beach that have jobs, and housing. So I think I will get a feel for the area. It's actually safer then where I am in ND. The city I am currently in is a bit more expensive then others. They hike their prices due to a college there. Everything is very unfairly priced. Iam coming fully prepared so I can get ahead rather then fall behind. I don't believe in moving until everything is in order. Has anyone visited or lived on the peninsula?
Empathize with your dilemma. If the Fed doesn't raise rates for another several years as I fear, rents are going to really rocket out of control. I just moved out of a 1BR that has increased from 700 to 1300 in about 2.5 years and there were three unrelated guys in their 30s sharing a neighboring 1BR. Also met a guy from California who sold his home there for 1.5 million and bought 3 small Portland homes for 400-500K apiece- living in one, renting the other two out for something like 1800 a month (mind you these are VERY tiny 2BR- in safe areas but not in the Pearl or anything). It's just the new reality. As long as interest rates are artificially suppressed we're going to see bubbles in various areas- but the housing bubble is the one that really hurts people (who don't already own homes) because of the coincident rent increases.
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