This graph is from the Portland Housing Blog. It shows what I've always maintained. We all drank the kool-aid, but Bendites drank twice as much.
Back at the height of the boom, I'd be talking to a tourist about the housing bubble, and they'd say, "Oh, yes. It's happening where we came from."
And it always sounded lame when I'd say, "Yeah, but Bend is a bigger bubble than anywhere else."
But I think we were. At least we were head to head with Naples, Florida and a few other places.
And don't give me the old line about Bend being 'special.' This graph is relative to local conditions, which makes that whole argument moot.
1 week ago