My Mind on Mortgages

This article appeared in today’s online WSJ.  Portland gets some major love.  Here are a few excerpts:

*Alex Payne plans to move to Portland with his wife next month, while keeping his job at San Francisco-based Twitter Inc. Last October, Mr. Payne caused a stir when he blogged about his frustrations with San Francisco’s quality of life, including criticisms of its public transit and high cost of living.

In contrast, the 26-year-old believes Portland is a “model of urban design.” Mr. Payne is especially impressed with the revitalization of Portland’s Pearl District, a once-grimy industrial neighborhood that now teems with art galleries and restaurants. Portland’s lower property costs also are appealing, though he initially plans to rent.

*San Francisco’s median home value in late February was $691,600, compared with $362,800 for Seattle and $236,100 for Portland, according to real-estate site Zillow Inc. San Francisco’s median home price increased 1.1% over the past year, while the average price fell 7.1% in Seattle and 9.9% in Portland, according to Zillow.