Millennials (now the largest population group in the US) are currently between the ages of 26 and 41 – historically, the age at which many have made the ceremonial transition to “adulthood” via homeownership.
However, between the pandemic, inflation, and the wildest housing market in years, this generation hasn’t seen the most ideal conditions for purchasing their first home.
And so, we meet the Unmortgaged Millennials — or members of this generation who have never owned a home.
Opendoor asked in their new report, “What would the unmortgaged millennial do toown a home right now… andwhat’s holding them back?”
Millennial homeownership by the numbers
47% of unmortgaged millennials say they woulddelay vacations for five years if it meant they could buy a home, and 41% would even delay a wedding for five years. 🏡
44% wouldsay goodbye to their morning coffee runs if it meant they could buy a home —and35% would miss out on their favorite shows and eliminate all TV.
And you can forget Hinge + Tinder — of those surveyed, two-thirds use real estate apps and a majority browse homes online. Unmortgaged millennials are home-search obsessed, and would rather swipe through interiors of homes than swipe right (or left…) on romantic prospects. 🤳
Knowing how motivated homebuyers are, we dug into Opendoor’s Portland listings to round up 3 different homes that $550K can buy you in PDX.
Giveon | Tues., Sept. 20 | 8 p.m. | Roseland Theater, 8 NW Sixth Ave. | $153+ | The American singer/songwriter continues to climb following collaborations on international hits with Drake and Justin Bieber. 🎤
The Muppets Wine Flight | Tues., Sept. 20-Fri., Sept. 30 | 12-8 p.m. | Pairings Portland, 455 NE 24th Ave. | Prices vary | If Kermit and Miss Piggy were a wine, what would they be? You’ll find out. 🍷
“Wake Up Rounder” Bluegrass Jam | Wed., Sept. 20 | 7-10 p.m. | Tomorrow’s Verse Taproom, 4605 NE Fremont St., Ste. #103 | Free | Banjo pickin’ and beer, a match made in heaven. 🪕
Twenty One Pilots | Thurs., Sept. 22 | 8 p.m. | Moda Center | $36+ | Don’t feel “Stressed Out,” take the time to unwind at this concert.
Passport to Empowerment: 25 Years | Fri., Sept. 23 | 5-9 p.m. | Breathe Building, 2305 SE 50th Ave. | $50+ | Celebrate the Portland-based nonprofit that works to strengthen communities around the world by delivering renewable energy and safe, clean water. 💚
Fresh Hop American Summer | Sat., Sept. 24 | 12-5 p.m. | Level Beer Level 1, 5211 NE 148th Ave. | $25+ | Join this backyard bash featuring lawn games, merch packages, guest brewers, and more.
The main event happened inside the venue, where Oregon Angel Food (also known as Oregon AF) kicked things off by honoring recipients of the Emerge Initiative Awards — congratulations to Hibisbloom and Skaut Coffee Roasters.
Then, founders of four growing companies — Saëna Baking, Mickleberry Gardens, GoNanas, and One Stripe Chai — gave their pitches to a panel of three investors “Shark Tank” style; the vegan, gluten-free banana bread mix ultimately earned the big check worth $300,000.
84º | Sunny | 3% chance of rain
Sunrise + Sunset
Rise: 6:55 a.m.
Set: 7:11 p.m.
Day trip-worthy destinations like Lewis and Clark National Historical Park and Johnston Ridge Observatory at Mount St. Helens National Volcanic Monument will have no entry fees on Sat., Sept. 24, thanks to National Public Lands Day. Go get some fresh air, or even contribute your time to keep them looking beautiful. 🌲 (Portland Monthly)
A shift in strategy, which included working with community groups like the Portland-based Latino Network, has narrowed the gap in two-dose vaccination rates between Hispanic and white adults in Oregon (now 72% and 74%, respectively). Last June, only 45% of people identifying as Hispanic or Latino had received two shots. (OPB)
$3.54 million. That’s how much PBOT has set aside to demolish O’Bryant Square, a site that’s considered an eyesore in the shadow of the new Ritz-Carlton hotel. The abandoned plaza has been fenced off since 2018 after its rose-shaped fountain flooded the site’s underground parking structure. Official project approval is pending. (Portland Monthly)
Laughing Planet is finally coming back around to the 20th anniversary celebration of its first location in the city (which it had to delay two years). You can enjoy a Migration Brewing collaboration, Lost in Space IPA, and take a home a bag of Subatomic, a collaboraton with Extracto Coffee Roasters. 🪐 (Willamette Week)
The circus is coming (back) to town. Cirque du Soleil’s “Corteo” will return for six shows Thurs., March 9-Sun., March 12, 2023 at the Moda Center. Tickets for the limited run are currently on sale; snag them to see acrobats swing on chandeliers, spring off of trampolines into the sky, and make other mind-blowing maneuvers. 🎪 (Willamette Week)
Burgers with a side of books? Shake Shack has posted a restaurant manager job listing for a future location at 1016 W. Burnside St. — across the street from Powell’s City of Books. No opening date has been set for what will be the chain’s second location in Oregon. 🍔 (Portland Business Journal)
Inflation and the removal of pandemic-era supports are leading to food insecurity and skyrocketing demand for places like Northeast Portland’s Crossroads Food Bank, which now receives requests for assistance from 300 to 400 households a week. Use the grocery inflation calculator to see how prices have changed on your trips to the store. (The Oregonian/Oregon Live)
If you didn’t learn your Wesen on the first watch-through of “Grimm” — a fantasy police series set and filmed in Portland — you’re in luck. Members of the show’s cast (Claire Coffee, Bitsie Tulloch, and Bree Turner) will star in “The GrimmCast,” a TV rewatch podcast that promises behind-the-scenes stories, show lore, and special guests. (The Oregonian/Oregon Live)
Don’t just eat better — eat the best.Sunbasket’smeal kit service delivers delicious, healthy meals created by award-winning chefsstraight to your front door. Bonus: PDXtoday readers can get $100 off their first four deliveriesand more when they sign up. *
Going on vacation this fall and need to learn a new language fast? With Babbel, you could be speaking a new language in as little as three weeks. Bonus: Get 55% off your subscriptionfor a limited time. 🌎 *
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Today’s issue was written by Ben.
Editor’s pick: As a Portland soccer fan, the Thorns and Timbers are taking their seasons (and my nerves) down to the wire.
Can Rhian Wilkinson claim the NWSL Shield in her first season as coach? Will last-minute magician Giovanni Savarese squeak into the MLS playoffs? We’ll find out over the final two games.
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