How real estate and finances mix in PDX’s 2022 market
The biggest real estate stressors in PDX
Presented by a PDXtoday Partner
Opendoor’s first-ever Financial Wellness Study looks at how people are tackling their finances and homeownership, along with the stress it can cause. | Photo provided by Opendoor
Financial wellness and homeownership are two sides of the same coin. A recent study from Opendoor found that 56% of current + prospective homeowners think about their finances for at least 30 minutes every day. (We feel that. 💸)
Homeownership is a major milestone of financial security that many aspire to — but it can be just as stressful financially as other ultimate goals like saving for retirement and saving for a child’s education.
Fast facts:
37% of prospective homebuyers believe that homeownership will improve their quality of life.
More than 78% are considering buying their first home in the next five years.
53% want to buy within the next two years.
If you’re a part of these percentages, join us as we take a look at how Portlanders are tackling their finances + homeownership and how it affects their stress levels. (Read: You’re not alone if you’re sweating over downpayments.)
This charming home boasts a kitchen equipped with beautiful cabinets + ample storage along with a cozy living room and good-sized fenced-in backyard.
Photo provided by Opendoor
PDX real estate stressors by the numbers
The top homebuying stressors are:
Taking on additional debt (74%)
The burden of saving enough funds to complete the transaction (67%)
Fear of future monthly payments (53%)
Millennials feel added stress because of financial guilt. 16% of respondents noted that they feel stress while home buying due to feeling guilt from receiving financial support from family members.
Millennials are more likely to buy a home as an individual compared to Gen Xers and Boomers — adding to millennials’ existing stress levels. On the flip side, they’re concerned about societal stigmas around being a single homeowner.
Opendoor aims to remove the hassles that come with traditional real estate sales to create a stress-free experience. Get a free offer on your home or browse available PDX listings.*
The Art of Food | Tue., Oct. 25 - Sat., Dec. 3 | 11 a.m.-5 p.m. | Jordan Schnitzer Museum of Art at PSU, 1855 SW Broadway, Portland | Free | Feast with your eyes on a veritable smorgasbord of art pieces.
Orhan Pamuk’s Nights of Plague: Fairy-tale, History, Allegory | Tue., Oct. 25 - Tue., Nov. 29 | 5:30-7:30 p.m. | Online | $245.00 | Explore this new novel presented as a historical narrative about the bubonic plague in the late Ottoman era, with a myriad of themes intended to resonate with modern readers.
Wednesday, October 26
BIPOC Reading Series | Wed., Oct. 26 | 7-9 p.m. | Online | Free | Listen to BIPOC readers share stories with each reading followed by a short community discussion; this month’s theme is “shadow.”
Crooked Colours | Wed., Oct. 26 | 8:30 p.m. | Wonder Ballroom, 128 NE Russell St., Portland | $20.00 | The three-person electronic group is visiting from the Land Down Under.
Portland Trail Series Fall - #5 | Wed., Oct. 26 | 6:15 a.m. | Forest Park | $20.00+ | Run a 4- or 7-mile course through the forest with a chance to win gear from event sponsors.
Thursday, October 27
“Murder on the Orient Express” | Thu., Oct. 27 - Sat., Oct. 29 | Times vary | Magenta Theater, 1108 Main St., Vancouver | $23.50 | Hercule Poirot is on the case and you’re invited to come along for the ride.
Marvel Universe of Super Heroes | Now - Tue., Apr. 25 | 9:30 a.m. | OMSI, 1945 SE Water Ave., Portland | $24.00 - $30.00 | Avengers, assemble! From film props and interactive displays to original comic book pages and a life-sized Hulk, fans of the Marvel universe will be super-charged by this traveling exhibit.
Friday, October 28
Winterhawks vs. Kelowna | Fri., Oct. 28 + Sat., Oct. 29 | 7 p.m. + 6 p.m. | Veterans Memorial Coliseum, 300 Winning Way, Portland | $26.00 - $65.00 | The visiting team can try for liftoff, but the Winterhawks will give them an icy lesson on gravity.
We have amonthly guide filled with events + activities you can plan for in advance. Click the button below to bookmark ideas for upcoming date nights, family outings, and time with friends.
Next month, Scandinavian food cart Viking Soul Foodwill open its first restaurant at 4422 SE Woodstock Blvd. — the former home of El Gallo Taqueria. Guests will be able to shop house-made sauces, desserts, and meats at the deli and market + enjoy an intimate restaurant setting. 🍽️ (Eater Portland)
Closing
Four Lake Oswego restaurants are closing. The Original Stanford’s Restaurant & Bar and Manzana have already shut their doors, but Lac St. Jack and FILLS in Mercato Grove are expected to close at the end of the month. (KATU)
Edu
The Ducks are migrating out of Old Town. We previously told you about UO’s $60.35 million purchase of the former Concordia University campus where it will move its Portland outpost by 2024; recently, the Business Tribune weighed the pros and cons of ending the school’s 14-year residency at the White Stag block. 🦆 (Business Tribune)
Drink
This month marks Less and More Coffee’sone-yearanniversary at 1003 SW Fifth Ave. Operating out of a vintage bus shelter, the coffee kiosk is known for its innovative Chinese + Korean flavors —including black sesame and ssuk lattes. Take a sip to celebrate. ☕ (Portland Monthly)
Outdoors
All aboard — Mount Hood Railroad’s “Valley Tour”gives passengers scenic views of the river, valley, and family-owned farms, as well as a glimpse into a century’s worth of history. Meet at the Hood River city depot at 12 p.m. to join this2-hour trip exploring Oregon’s seasonal beauty. 🚂 (KGW)
Feel Good
Dan Mancina is changing how people see skateboarding — by helping others who are visually impaired discover their potential. Dan recently teamed up with the Northwest Association For Blind Athletes and Adidas to host a skateboard clinic in Portland where ~20 participants ages 10-21 built their own boards and learned basic skills. 🛹 (KGW)
History
What was it like to be an Oregonian in the early 1900s?A new online collection of 200+ photographsoffers some insight. Lars C. Henrichsen’s collection of prints and rare glass plate negatives includes a 14-panel panorama of Portland from 1903 and shots of the 1905 Lewis and Clark Exposition. (OPB)
Theater
Nearly 3,000 people gathered at Keller Auditorium on opening night last week to witness the story of Atticus Finch in the classic tale, “To Kill a Mockingbird.” This acclaimed theatrical adaptation of Harper Lee’s novel is Broadway’s highest-grossing non-musical show. 🎭 (Portland Mercury)
DYK
Did you know you can support PDXtoday through our retail store? We’re celebrating Portland’s unique landmarks and history with our online shop. Show off your Portland pride with stickers, hoodies, mugs, and more. No need to wait. Start shopping.
Real Estate
Opendoor + Zillow are joining forces. The new multi-year partnership will allow Zillow sellers to request an Opendoor offer. Customers will be able to use Zillow’s service as a standalone offering or package it with other Zillow home shopping services (read: financing, closing or agent selection).*
Shop
Here’s a friendly reminder that we’re less than a week out from Halloween. Have you bought your costume yet? What about the candy? And if you wanna be the coolest parent or grandparent on the block — while increasing your trick-or-treater’s nighttime visibility — grab this affordable 100-pack of glow sticks.*
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Travel and Outdoors
Fun(gi) in the forest 🍄
Explore Tryon Creek State Park with iNaturalist
If your iNaturalist observation gets at least two agreeing IDs, it will be listed as “research grade.” | Photo by PDXtoday
Outdoor explorers, this one’s for you. Now that the rain has returned, Friends of Tryon Creek is hosting the Tryon MycoBlitz 2022, where locals can contribute their photos of mushrooms found in Tryon Creek State Park, join group hikes, compete for prizes, and more.
The event utilizes a free app called iNaturalist — a social network of naturalists, citizen scientists, and biologists who map and share observations of biodiversity. Users just snap a photo of an organism, add some optional notes about the observation, and upload it for experts to identify.
Think of it like crowdsourcing information about local organisms. Not only do you learn interesting facts about the creatures in your own backyard (like what woolly bear caterpillars turn into), but you also contribute to humankind’s understanding of the natural world. And that means we can be better stewards of it.
You can participate in the Tryon MycoBlitz from now through Tues., Nov. 15.
Try different angles to try to get to a species ID. | Gif by PDXtoday
Today’s issue was written by Cambrie.
Editor’s pick: I’ve been using iNaturalist for a few years and highly recommend trying it out if you’re curious about the plants and critters you come across outdoors (or indoors — it’s still spider season after all).
My personal pro tip is to download iNaturalist’s Seek app, which will ID in real-time when you point your phone camera at something. I’ve found that this preliminary ID helps encourage feedback from experts if you decide to upload your photo.
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