[LWJ]

Again. No parf please.

An observation. House prices in Portland Metro have come down. What was 1.3 a few months ago is now under 1MM. Still this is insane in relation to wages. I am lucky that I have been a homeowner for decades and have ridden the equity escalator so this is largely academic from my perspective.


Also, discretionary items are also less crazy. I have been shopping for an enclosed trailer and nothing has been under 3000. I saw three 5x7 in mid 2000 ask price.

Interest rates make perfect sense to move home prices. The discretionary items point to a real pinch on the consumer wallet.

It makes one pause and say “Hmmm.”