Downsizing in a Seller’s Market

 

 

 

 

Is it time to sell your big house in the near future and scale down?  How does this make sense when the majority of the country is currently experiencing a seller’s market?

In a blog, Dave Ramsey, the financial guru, highlighted the advantages of selling your current house and downsizing into a smaller home that better serves your current needs. Ramsey explains three potential financial advantages to downsizing:

  1. A smaller home means less space, but it also means less time, stress and money spent on upkeep.
  2. Let’s assume you save $500 a month on your mortgage payment. In 30 years, you could have an additional $1–1.6 million in the bank to get you through your golden years or leave to your kids.
  3. Use the proceeds from selling your current home to pay cash for a smaller one. Just imagine what you could do with no mortgage holding you down! If you can’t pay cash, aim for a 15-year fixed rate mortgage and put at least 10–20% down on your new home. Apply the $500 you saved from downsizing to your new monthly payment. At 3% interest, you could pay off a $200,000 mortgage in less than 10.5 years, saving almost $16,000 in the process.

Realtor.com also addressed downsizing in an article. They suggest that you ask yourself these questions before deciding if downsizing is right for you and your family.

Q: What kind of lifestyle do I want after I downsize?

A: “For some folks, it’s a matter of living a simpler life focused on family. Some might want to cross off travel destinations on their bucket lists. Some might want a low-maintenance community with high-end upgrades and social events. Decide what you want to achieve from your move first, and you’ll be able to better narrow down your housing options.”

Many homeowners are taking the profits from the sales of their current homes and splitting it in order to put down payments on smaller homes in their current locations, as well as on vacation/retirement homes where they plan to live when they retire. This allows them to lock in the home price and mortgage interest rate at today’s values which makes sense financially as both home prices and interest rates are projected to rise.

Q: Have I built up enough equity in my current home to make a profit?

A: “For most homeowners, the answer is yes. This is if they’ve held on to their properties long enough to have positive equity that will be sizable enough to put a large down payment on their next home.”

A study by Fannie Mae revealed that only 37% of Americans believe that they have significant equity (> 20%) in their current home. In actuality, CoreLogic’s latest Equity Report revealed that 78.9% have greater than 20% equity. That equity could enable you to build the life you’ve always dreamed of.

Bottom Line

If you are debating downsizing your home and want to evaluate the options you currently have, please call me to help guide you through the process.  I’ve helped with this same move for many of my clients & friends!

 

Cary Perkins,
Windermere Top Producer
Fun With Real Estate
Current Portland Oregon Real Estate Information,
Highlights of Portland Oregon, House Ideas
Portland Oregon Homes

by Cary Perkins & Keeping Current Matters

Portland Real Estate, Portland Oregon Top Producer, Windermere Top Producer, Portland Realtor, Portland Homes for Sale

Windermere Top Producer Cary Perkins, Top Westside Broker


Posted on March 21, 2017 at 4:14 pm
Cary Perkins | Posted in Best Time to Sell Your House, buying a home, Downsizing | Tagged , , ,

I’m so lucky to work at the Windermere Johnson Office in Portland Oregon!

 

This elegant red brick 1909 Colonial Revival house is my home all day every day – it’ll be my 20th year next month – and I can’t believe I get to live in this luxury real estate every day!

The home was built for Abbott Low Mills, who was President of the First National Bank, Vice President of the Lewis and Clark Exposition, and served as speaker of the Oregon House of Representatives.  Photos of four generations of Mills gentlemen have become familiar to us, as they hang in the office.  (Come to visit to find out where the photos are hung!)

The main floor has a dramatic foyer with an elegant staircase and the most lovely dark library.  Nowadays we’ve converted the music room and dining rooms to conference room and office space, but the original character is still intact.  Currently undergoing a slight facelift, this grand dame will be looking better in a few weeks – I’ll post some more pictures then – for now, here’s a view of the upstairs hall looking downstairs.

 

 

I’ve worked in several different rooms here – my first was on the third floor looking West.  The interesting antics of people passing by on Johnson Street were a source of fun for my first three years – but then I moved to the second floor master bedroom – a beautiful east-facing room with a beautiful marble fireplace – my first fireplace office, but not my best!  I shared the room with three older Realtors and taught them about the internet and digital cameras, among other newfangled devices that worked their way into Real Estate in the mid-1990s.

Eventually I moved downstairs to the former kitchen – the large triple window above my desk made it a really sunny spot that had a view of giant flowering trees in the spring.   I finally earned a private office upstairs in one of the Mills boys’ bedrooms.  This West-facing bedroom features a beautiful brick fireplace it has a roomy closet, and has bright sunlight in the afternoon.

 

 

I have loved “living here” – and I’m excited to share photos of the remodel – but for now, as I enter my 20th year at 733 NW 20th Avenue, I’d love to thank the Mills boys for taking such good care of their home and the Allens for providing us with this absolutely luxurious space in which to work.

Cary Perkins,
Windermere Top Producer
Fun With Real Estate
Current Portland Oregon Real Estate Information,
Highlights of Portland Oregon, House Ideas
Portland Oregon Homes

by Cary Perkins

Portland Real Estate, Portland Oregon Top Producer, Windermere Top Producer, Portland Realtor, Portland Homes for Sale

Windermere Top Producer Cary Perkin


Posted on February 14, 2017 at 8:35 pm
Cary Perkins | Posted in Luxury Portland Real Estate | Tagged , , ,

List your house EARLY in the year to decrease competition!

It is common knowledge that a large number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year. The other listings that do come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market in the spring, as compared to the rest of the year? The National Association of Realtors (NAR) recently revealed the months in which most people listed their homes for sale in 2016. Here is a graphic showing the results: The three months in the second quarter of the year (represented in red) are consistently the most popular months for sellers to list their homes on the market. Last year, the number of homes available for sale in January was 1,820,000.

That number spiked to 2,140,000 by May!

http://www.keepingcurrentmatters.com/wp-content/uploads/2017/01/Calendar-2016-Listing-Dates-KCM.jpg

What does this mean to you?

With the national job situation improving, and mortgage interest rates projected to rise later in the year, buyers are not waiting until the spring; they are out looking for a home right now. If you are looking to sell this year, waiting until the spring to list your home means you will have the greatest competition for a buyer.

Bottom Line

It may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home as soon as possible.  We would love to come and take a walk through with you to help with items to spiff it up for sale.  Call us any time!

 

 


Posted on January 26, 2017 at 4:10 pm
Cary Perkins | Posted in Best Time to Sell Your House, Current Portland Real Estate Market Information, Moving, Portland Oregon Real Estate, Portland Oregon Realtors, Selling Your home | Tagged , , ,

Importance of Loan Pre-Approval….especially in 2017

 

 

 

 

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets, such as Portland’s. 

One of the many advantages of working with a local real estate professional is that we have relationships with lenders who will be able to help you with this process. Once you have selected a lender, you will need to fill out their loan application and provide them with important information regarding “your credit, debt, work history, down payment and residential history.” Freddie Mac describes the 4 Cs that help determine the amount you will be qualified to borrow:

  1. Capacity: Your current and future ability to make your payments
  2. Capital or cash reserves: The money, savings and investments you have that can be sold quickly for cash
  3. Collateral: The home, or type of home, that you would like to purchase
  4. Credit: Your history of paying bills and other debts on time

Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and it often helps speed up the process once your offer has been accepted.

NEW IN 2017 – New language in the Residential Real Estate Sale Agreement requires notice of intent to proceed with the loan transaction within 3-10 days (as specified by buyer when writing an offer) and buyer’s agent must formally notify the seller.  This new timeline makes it crucial that you understand this is no time to jump ship and decide to try a new lender.  There is a short window in which to revise your loan and renegotiate your position with the seller, but the seller is not obligated to agree, and you may find your transaction terminated. 

BOTTOM LINEMany potential home buyers overestimate the down payment and credit scores needed to qualify for a mortgage today. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so as well.  And once you’ve written an offer, it may be too late to revise your strategy on lenders and loan programs.  So take this process seriously and weigh your options carefully.

 

Cary Perkins, Windermere Top Producer
FINE PORTLAND LIVING
Current Portland Oregon Real Estate Information,
Highlights of Portland Oregon, House Ideas
Portland Oregon Homes

by Cary Perkins

Portland Real Estate, Portland Oregon Top Producer, Windermere Top Producer, Portland Realtor, Portland Homes for Sale

Windermere Top Producer Cary Perkin


Posted on January 16, 2017 at 5:31 pm
Cary Perkins | Posted in buying a home, Current Portland Real Estate Market Information, Portland Oregon Real Estate, real estate loan approval | Tagged , ,

The Fed Raised Interest Rates. Now what?

 

 

rates

 

You may have heard that the Federal Reserve raised rates last week… But what does that mean if you are looking to buy a home in the near future? Many in the housing industry have predicted that the Federal Open Market Committee (FOMC), the policy-making arm of the Federal Reserve, would vote to raise the federal fund’s target rate at their December meeting. For only the second time in a decade, this is exactly what happened. There were many factors that contributed to the 0.25 point increase (from 0.50 to 0.75), but many are pointing to the latest jobs report and low unemployment rate (4.6%) as the main reason. Tim Manni, Mortgage Expert at Nerd Wallet, had this to say,

“Homebuyers shouldn’t be particularly concerned with [last week’s] Fed move. Even with rates hovering over 4 percent, they’re still historically low. Most market observers are expecting a gradual rise in home loan rates in the near term, anticipating mortgage rates to stay under 5 percent through 2017.”

Bottom Line

Only time will tell what the long-term impact of the rate hike will be, but in the short term, there should be no reason for alarm.

 

Cary Perkins,
Windermere Top Producer
Fun With Real Estate
Current Portland Oregon Real Estate Information,
Highlights of Portland Oregon, House Ideas
Portland Oregon Homes

by Cary Perkins

Portland Real Estate, Portland Oregon Top Producer, Windermere Top Producer, Portland Realtor, Portland Homes for Sale

Windermere Top Producer Cary Perkin


Posted on December 22, 2016 at 4:40 pm
Cary Perkins | Posted in Current Portland Real Estate Market Information, Moving to Portland, Portland Oregon Real Estate, Portland Oregon Realtor | Tagged , , , , ,

Portland’s Best (Super Affordable) Happy Hours

 

(Henry Cromett)

photo credit to (Henry Cromett)

 

I love a good night out after work.  Now that we don’t have kids at home, we can do it any night of the week!  Yet I’m always scratching my head trying to decide where to go.  Do you do that?  So annoying to forget the name of that place you wanted to try…..

So here’s a list for you, compliments of the wonderful Willamette Week.

Aalto Lounge
3356 SE Belmont St., 503-235-6041, aaltolounge.com. 5-7 pm daily.

Best deal: The $2 full-sized Belmont Jewel Cocktail—a mix of bourbon, lemon, pomegranate juice, and orange blossom water. It goes great with your $2 grilled cheese sandwich.

Ash Street Saloon
225 SW Ash St., 503-226-0430, ashstreetsaloon.com. 4-8 pm daily.

Best deal: Pabst is $1.25. Dare to get the burger for just $3 more.

Bartini
2108 NW Glisan St., 503-224-7919, bartinipdx.com. 3:30-6:30 pm, 10 pm-close daily; all day Monday. 

The Gorgonzola-brie fondue is the best, and it’s easily shareable. Skip the $6 cheeseburger, but definitely get the $3 mashed potatoes in a martini glass, served with a wedge of brie. Drinks are half-price during happy hour, which is most of the hours Bartini is open. Expect sweetness and possibly a flower or sprig of mint; but at $4 apiece, these drinks seem to say what your best friend would. Treat yourself, girl—you deserve it! SOPHIA JUNE.

B-Side Tavern
632 E Burnside St., 503-233-3113. 4-7 pm daily.

Best deal: $1 tallboys.

Belmont Inn
3357 SE Belmont St., 503-232-1998, belmontsinn.com. Drink specials 11 am-6 pm, food specials 3-6 pm daily.

Best deal: Quesadillas—cheap to make or order. $3 gets you bean and cheese, $5 a loaded Southwestern.

Beulahland
118 NE 28th Ave., 503-235-2794, beulahlandpdx.com. 4-7 pm daily.

Pabst is $2, crafts are $4 and wine is an improbably cheap $4. Combine any of those with 6 wings for 6 bucks and you’re probably ready for the Timbers game to start in the side room. But my favorite item on the menu is a rotation of house pickles for $3. Because pickles.

Conquistador
2045 SE Belmont St., 503-232-3227. 4-7 pm daily.

Best deal: $6.50 happy-hour nachos will feed you and a friend.

Dots Cafe
2521 SE Clinton St., 503-235-0203, dotscafeportland.com. 2-7 pm and 11 pm-1 am Monday-Friday.

Best deal: $3.50 wells, $3.50 select craft brews, $4 nachos.

Dragonwell
735 SW 1st Ave., 503-224-0800, dragonwellbistro.com. 3-6 pm Monday-Friday, 9-10 pm Friday-Saturday.

Best deal: A $3.50 Sapporo draft and an order of the garlic spiced chicken wings work just fine.

The Fixin’ To
8218 N Lombard St., 503-477-4995, thefixinto.com. 2-6 pm Monday-Friday.

Best deal: The Down and Out—Hamm’s and a shot of Old Crow—is $4. A large Rotel and chips, like a nacho you dip yourself, is $5.

Florida Room
435 N Killingsworth St., 503-287-5658. 3-7 pm daily.

Best deal: All is cheap, and at happy hour it’s 50 cents cheaper. Plus, you know, $3 corn dogs and fries.

Imperial
410 SW Broadway, 503-228-7222, imperialpdx.com. 2-6 pm Monday-Friday, 3-6 pm Saturday-Sunday; late night 10-11 pm Sunday-Thursday, 11 pm-midnight Friday-Saturday.

Best deal: $5 Vieux Carré. And then another one. And the $4 liver pâté.

Kelly’s Olympian
426 SW Washington St., 503-228-3669, kellysolympian.com. 4-7 pm daily, 11 pm-1 am Sunday-Thursday.

Best deal: Just get the mac-and-cheese balls. They’re $5.

Little Bird
215 SW 6th Ave., 503-688-5952, littlebirdbistro.com. 2:30-5 pm (6 pm at the bar) Monday-Friday, 10 pm-close daily, all day Sunday.

Best deal: Don’t tell, but that $5 burger is actually a $14 burger in disguise.

Luc Lac
835 SW 2nd Ave., 503-222-0047, luclackitchen.com. 4-7pm daily.

Best deal: The cream cheese wontons, shrimp spring and crispy rolls, and a chicken salad is a four-course dinner for $9, and a $4 Kostritzer Schwarzbier is a rare treat.

M Bar
417 NW 21st Ave., 503-228-6614, facebook.com/mbar.portland. 6-8 pm daily.

[CHEAPEST GOOD WINE]

Best deal: It’s possible to get a decent, well-selected glass of wine for $3 at happy hour. That can be said of…nowhere else.

Maui’s
3508 N Williams Ave., 503-282-1611. 4-7 pm daily.

Best deal: The $2.50 wells are, uh, worth it.

Mi Mero Mole
32 NW 5th Ave., 971-266-8575; mmmtacospdx.com. 2-6 pm Monday-Saturday.

Best deal: Seriously, a $4 margarita with $5 nachos is gringo paradise. MATTHEW KORFHAGE.

Momo
725 SW 10th Ave., 503-478-9600. 3-8 pm daily.

Best deal: $3 wells! Beer is for chumps.

My Father’s Place
523 SE Grand Ave., 503-235-5494, myfathersplacepdx.com. 4-6 pm and 10 pm-midnight Monday-Friday, breakfast special 6-10 am.

Best deal: A stiff gin and tonic and a $2 pulled-pork slider with fries. Only $5 poorer, and the day already feels much different.

NEPO 42
5403 NE 42nd Ave., 503-288-8080, nepo42.com. 3-6 pm daily.

Best deal: The $6 Evinrude Special (Evan Williams Green Label and Old German tallboy), plus the $6 OG Dog (a ginormous frankfurter wrapped in a sturdy potato bun and slathered with jalapeño relish, homemade sauerkraut, and a house mustard itself steamed with Old German). Area dives may offer their own variations for one-third the price, but Wilde had another quip about cynics who know the price of everything and the value of nothing.

Night Light Lounge
2100 SE Clinton St., 731-6500, nightlightlounge.net/home. 2-7 pm Monday-Friday, 3-7 pm Saturday-Sunday, 11 pm-1 am daily.

Best deal: The $6 nachos, which look about a full foot high and are layered hot with guacamole, jalapeños, green and red onion, pico de gallo, sour cream and black olives. Wash it all down with a $1.50 pint of PBR.

North Bar
5008 SE Division St., 503-546-9973, northbarpdx.com. 3-7 pm daily.

Best deal: $1 PBR all day Tuesday, and $5 margaritas every day at happy hour from the bar’s slushie machine.

Paymaster Lounge
1020 NW 17th Ave., 503-943-2780, paymasterlounge.com. 2-6 pm daily.

Best deal: $7 burger and fries, $4 Sauza.

Rae’s Lakeview Lounge
1900 NW 27th Ave., 503-719-6494, raesportland.com. 2-6 pm daily.

Best deal: $1 High Life, $1 Rainier, $1 mimosa, $3 biscuits.

Renner’s Grill
7819 SW Capitol Highway, 503-246-9097, rennersgrill.com. Noon-1 pm power hour, 3-6 pm, midnight-2:30 am daily.

Best deal: The bartender we talked to swears by the $6 triple-drumstick deal. We mostly just swear after drinking too much.

Scandals
1125 SW Stark St., 503-227-5887, scandalspdx.com. 4-8 pm daily and all day Sundays.

Best deal: $1.50 Pabst is cheap anywhere.

Slingshot Lounge
5532 SE Center St., 503-445-6649. 3-7 pm Monday-Friday.

Best deal: $1 pint of Olympia and $3 for so many fries.

Spare Room
830 NE 42nd Ave., 503-287-5800, spareroomrestaurantandlounge.com. 3-6 pm daily.

Best deal: Come on Tuesday at 5 pm, and get meatloaf and a PBR for $6.25 total.

Star Bar
639 SE Morrison St., 503-232-5553, star-bar-rocks.com. 4-8 pm daily.

Best deal: Tot’chos and a pint of Pabst, together at last for a mere $6.

Swift Lounge
1932 NE Broadway, 503-288-3333, swiftloungepdx.com. 4-8 pm Monday-Saturday, 4 pm-2 am Sunday.

Best deal: The Old Couple, a tallboy of Old German with a shot of Old Crow for $4.

Tapalaya
28 NE 28th Ave., 503-232-6652, tapalaya.com. 4-6 pm daily.

Best deal: $6 wings, $3 martinis.

Yamhill Pub
223 SW Yamhill St., 503-295-6613. 10 am-4 pm, 4-7 pm Monday-Friday.

Best deal: A pint of Pabst and a quaff of cheap whiskey for $3 total.

 

CHEERS!

Cary Perkins,
Windermere Top Producer
Fun With Real Estate
Current Portland Oregon Real Estate Information,
Highlights of Portland Oregon, House Ideas
Portland Oregon Homes

by Cary Perkins

Portland Real Estate, Portland Oregon Top Producer, Windermere Top Producer, Portland Realtor, Portland Homes for Sale

Windermere Top Producer Cary Perkin


Posted on October 21, 2016 at 10:19 pm
Cary Perkins | Posted in Current Portland Real Estate Market Information, Happy Hour, Portland Oregon Restaurants | Tagged , , , ,

What’s Happening in my Neighborhood? The Gypsy

The Gypsy bar and restaurant on the corner of NW 21st and Irving closed in 2014, and as of this week the building is officially being torn down to make room for a new 4-story, 57-unit apartment building. In addition to the residential space, there will be 10,000 square feet of commercial space on the ground level and a 62-space underground parking garage.

 

Here is a look at the demolition, as seen on my walk to coffee recently:

gypsy now

Now it’s just a huge hole in the ground.

And here are the mockups of the new building

gypsy gypsy1

gypsy3

 

It fits in the neighborhood beautifully, though it’s going to put a dent into my commute through the winter!


Posted on October 21, 2016 at 9:56 pm
Cary Perkins | Posted in Current Portland Real Estate Market Information, NW Portland, Portland Oregon Real Estate, Portland Oregon Restaurants | Tagged , , ,

A 7-Day Itinerary for the PDX Newbie

 

This article by Wannabe Portlandy (http://www.wannabeportlandy.com), offers some great suggestions for showing your friends & family around our fabulous city of Portland.

 

Downtown Portland – Broadway 

Every year, I get requests from friends and followers to create Portland itineraries for them. This is something that I enjoy doing and I go the extra mile of even making detailed presentations for friends. Each traveler is different and so I make it a point to tailor fit the itineraries that I make for each individual personality and preference. 

I recently crafted a personalized 7-Day itinerary for three of my friends and three of their kids. I am sharing the itinerary here because it might help you plan your trip to Portland too. 

But first, a little bit of perspective on why I made this itinerary the way it is. First of all, my friends are world-travelers. They have been around Asia, Europe, and North America. So I wanted to suggest places that are more unique to PDX. For instance, I intentionally did not suggest for them to eat in any Asian restaurants even if this is popular in Portland. Most of my foodie suggestions are focused on good American food. Secondly, my friends were traveling with kids that are 5-years old and below. So most of the places that I have suggested are kid-friendly and places that won't require waiting in line for more than an hour. 

So here it goes!

Day 1 (SUNDAY) – Welcome to Portland! 
 

Screen Door 

10:30AM – I immediately had my friends go to Olympia Provisions for brunch. Don't forget to order the Steak Eggs Benedict here. Advanced reservations is a must! 

2:00PM – After brunch, I had my friends take the Best of Portland Walking Tour. This is a great crash course on what makes Portland, Portland. This tour will take you around downtown Portland's key highlights for 2 hours. Advanced reservations is a must! 

5:30PM – Screen Door is a PDX foodie hall-of-famer so go here for dinner and make sure to order the buttermilk fried chicken. Tip: Screendoor opens at 5:30PM for dinner. Try to arrive at least 15 minutes earlier or else you'll end up waiting in line for a much longer time. 

Day 2 (MONDAY) – Foodie Day Part 1 

 

Guero 

9:00AM – Have breakfast at Tasty 'n Sons. Make sure to order the Potato Doughut, Meatloaf Cheddar & Biscuits, Auntie Paula's French Toast, and Salmon Hash. Tip: This is a popular restaurant so try to go at least 15  minutes in advanced to line-up. Otherwise, you'll end up waiting for an hour. 

10:00AM – Tasty 'n Sons is in a great quintessential Portland neighborhood called N. Williams so just walk around the area and enjoy the different stores. 

11:00AM – Today is an immersion into the amazing PDX food scene so be ready to taste a lot. Have one of the best ice creams you'll ever taste in your life at Salt & Straw. 

12:00NN – Portland is all about the food trucks. Head on over to Guero and order the No. 3 Torta. 

2:00PM – A second snack is in order. Head on over to Pip's for some seriously amazing doughnuts. Don't forget to get the Bacon & Maple Doughnut and Matcha Tea. Tip: Pip's closes at 4PM so make sure to go before then. 

4:00PM – You might  be having a bit of a food coma at this point so walk it off and head on over to the Tilikum Bridge to do some brisk walking. 

7:00PM – Portland is NOT about snooty fine dining. Instead, PDX is into laid back casual dining that is all about the good food. Have dinner at Le Pigeon and make sure to order the burger–it's consistently ranked as one of the best in the city. Reservation is a must! 

Day 3 (TUESDAY) – The Best of Both Worlds 

 

Multnomah Falls 

10:00AM – The best part about Portland is how close it is to enjoy some natural wonders. Head on over to the Multnomah Falls and enjoy the scenery. 

12:00NN – Have lunch at the Timberline Lodge and don't forget to order their 5-time awarded Clam Chowder. And after lunch, enjoy Mt. Hood  for all of its majestic glory. 

4:00PM – In Portland, you can be outside the city and enjoying nature one minute, then having fun downtown the next. Go to Union Way in front of Ace Hotel to do some window shopping. 

6:00PM – Have dinner at Hot Lips Pizza at the Eco Trust Building. Note: Other blogs and websites will recommend other pizza places. But I specifically took my friends here because Hot Lips Pizza's concept is much more unique to Portland given its focus on Fresh, Local, Organic, Seasonal, and Sustainable ever-changing menus. 

Day 4 (WEDNESDAY) – Foodie Day Part 2 

 

The Waffle Window

8:30AM – 10:00AM – Portland is the #1 food city in America so naturally, this trip needs more than one day of pigging out. For breakfast, get waffles at The Waffle Window and a sandwich from Fried Egg I'm in Love. 

11:00AM – Get some coffee from Stumptown and donuts from Blue Star 

 

Stumptown

1:00PM – Go downtown and hit up the Food Pods 

3:00PM – A second cup of coffee is in order. Head on over to Coava. Tip: Coava is near two buildings called Rejuvenationand Grand Marketplace. Walk off the carbs and do some window shopping here. 

4:00PM – Have dinner & drinks at Multomah Whiskey Library. NOTE: Leave the kids at one of PDX's awesome day care areas such as PDX Play Date. 

Day 5 (THURSDAY) – Wine & Beer Day

 

Rogue Farms 

9:00AM – Today is all about wine and beer tasting. But first, have breakfast at Gravy and don't forget to order the Corned Beef Hash.

11:00AM – Do the Wine Tasting at Stoller Winery. NOTE: Not everyone can spend the day hitting up several wineries. And if you could only go to one, I recommend Stoller Winery because their concept is unique to Oregon. 

12:00NN – Have lunch at Red Hill's Market

3:00PM – Visit Rogue Farms and do some beer tasting 

6:00PM – Have dinner at Burgerville 

Day 6 (FRIDAY) – Seasonal Activities 

 

Wooden Shoe Tulip Farm

9:00AM – Portland has four seasons so the places that you can see and do are dependent on which month of the year you are planning to visit. Since my friends went during Spring, I had them go to the Wooden Shoe Tulip Festival. 

12:00NN – Head back to the city and have lunch at Old Salt Marketplace 

3:00PM – Drop by Powell's Bookstore to buy some souvenir and just get lost in the thousands of books on display

5:00PM – It's almost time to say good-bye to the city so head on over to Pittock Mansion and go straight to the garden area to enjoy an amazing city view 

7:00PM – Our friends requested to have dinner at Hot Lips Pizza (that's how much they loved that place). But go and try another dinner place such as Ned Ludd. 

Day 7 (SATURDAY) – The trip is over so cap it off with a trip to the Portland Saturday Market 

 

Portland Saturday Market

 


Posted on September 7, 2016 at 7:29 pm
Cary Perkins | Posted in cary perkins, Current Portland Real Estate Market Information, Moving, Moving to Portland, OR, Pearl District, Portland Oregon, Portland Oregon Restaurants, Restaurants, Things to do in Portland OR | Tagged , , , , , ,

Homes of the Future

Imagine how fun it will be to design your own custom home and have it 3-D printed! 

Screen Shot 2016-09-01 at 12.35.44 PM

Article courtesy of 
Clare Trapasso, Realtor.com

How 3-D Printers Will Lower Prices, Make Fantasies Real, and Transform the Housing Market

Printers have come a long way from simply churning out reams of spreadsheets, high school history reports, and cute cat photos. In case you haven’t heard, 3-D printing is rapidly changing, well, everything. The technology is making the unimaginable real, already producing everything from simple plastic toys to edible pizza and even human tissue and body parts (an ear!). Additive technology, as it’s also called, promises to revolutionize the world as we know it.

And the greatest potential for transformation and disruption, some believe, may be in housing. If “printed homes” seem like a distant fantasy, you’d better buckle your seat belts. You’re in for quite a ride.

So how exactly is 3-D printing poised to reshape the housing market?

Well, let’s start with price. Three-dimensional printers don’t require laborers, produce much less waste (as materials are fed into the machines), and will be able to erect homes in days instead of months—making them substantially cheaper to build. And that’s expected to extend the American dream to a whole new group of buyers who would otherwise never be able to afford their own abodes.

Gone will be the problems caused by a shortage of highly skilled construction workers, long building times, and wasted materials such as lumber.

And let’s touch on dreams. Three-dimensional printing will eventually help facilitate the creation of radical new housing designs, new shapes, and brand-new architectural ideas. The road from fanciful concept to livable reality will become shorter and more traversable than ever.

This is exciting stuff—and not just for those who are currently priced out of homeownership. Imagine your average accountant or Chipotle manager being able to design their own Frank Gehry–styled, uniquely shaped home on a computer— and a specialized, industrial-size 3-D printer bringing it into existence in a matter of hours or days for just a fraction of the usual price. Then think of what the technology could mean for storm-ravaged communities if residents who lost their homes could have identical replacements easily printed, complete with furniture.

And we’re not talking about a far-distant future. Rudimentary printed structures, mostly made of concrete and resembling stark gray boxes, are already sprouting up around the globe. Now a handful of cutting-edge construction companies are engaged in something like a 3-D printing arms race—each striving to be the first to refine the technology.

A Chinese company even recently printed a two-story, 4,305-square-foot building on-site in just 45 days.

And while such current buildings may not exactly be the “dream home” of your average buyer, experts predict that within five to 25 years (depending on whom you’re talking to), the technology will be advanced enough to print sophisticated and easily customizable dwellings out of wood, metal, and stone. These are places that buyers would be proud to call their own.

How to print a home

Here’s how it works: Building designs are created in a computer just like in a computer-aided design, or CAD, program and then transmitted to a large, specially made industrial printer, like the one above. The devices vary greatly in size and capabilities, depending on who is making them—but all of them are big. The apparatuses usually have one or more robotic arms tipped with a nozzle that spews out construction materials as the arms make their computer-programmed rotations around the base of the building. (Think of cake icing being squeezed through a piping bag.)

Those liquidlike materials, similar to molten lava, are layered on top of one another to form the walls of the structure. These materials can vary from fiber-reinforced concrete, which doesn’t require steel rebars for support, to steel and even wood, which would require reinforcements.

And eventually, experts predict the technology will print modern-day necessities such as electricity and plumbing at the same time as the home is being constructed.

“It’s still very early,” says Aric Rindfleisch, executive director of the Illinois MakerLab, a 3-D printing lab at the University of Illinois at Urbana–Champaign. “We’re probably back to where the computer industry was in 1982.”

The challenges to 3-D printing

So when is it coming, for real?

Opinions vary. Rindfleisch believes the technology is still about 25 years away from creating sophisticated homes that buyers would be vying to live in. Other experts have pegged the timeline closer to just a decade—or even half that.

The challenges lie mostly with the materials fed into the devices—and working around their current-day limitations. Scientists are closely tracking the materials used for construction and how long they take to dry before a new layer can be added, Rindfleisch says.

He says progress is coming at a rapid clip. “About two years ago, all we could print was hard plastic,” he says. “Now we can print soft plastics. We can print wood.” The wood is basically a pulp mixed with plastic that can be fed into the printer.

Home buyers could become home designers

The printing process is likely to eventually empower more everyday home buyers without fancy architecture degrees to design their own perfect pad on a computer—and then print it out on a plot of land.

“You can have high design on a budget,” says architect Christopher Hurst at WATG Urban Architecture Studio. “You don’t have to go to a builder and get the same cookie-cutter house next door. … Now you can go to a contractor, and you have a highly customizable house that’s indicative of you and that way you can express yourself in how you live.”

In April, Hurst’s Chicago-based firm won the Freeform House Design Challenge with its sleek Curve Appeal home. Construction on the winning design, which will, of course, be printed three-dimensionally, is slated to begin in November by Branch Technology, the Chattanooga, TN–based builder that sponsored the contest.

The home would go for about $900,000 on the market if it were conventionally built, Hurst says. But he hopes to print the carbon fiber structure at a Chattanooga site at a fraction of the cost.

“The limitations are [that] the arm [of the printer] can only reach so far,” he says of the 15-foot appendage. “If you print large structures, you’d need a much bigger machine. … Eventually, we’ll have multiple arms printing simultaneously.”

Once the technical challenges are solved, a 2,500-square-foot home could go up in less than 24 hours instead of months, predicts 3-D home building pioneer Behrokh Khoshnevis, an engineering professor at the University of California, Los Angeles. He gave a TED Talk on the subject.

And the buildings could be more attractive to buyers than those constructed by human hands, he says.

“In stick frame [i.e., traditional] construction, it’s very hard to use curvature. It’s very hard to bend lumber. It’s very hard to bend drywall,” says Khoshnevis, whose 3-D printer company Contour Crafting has a contract with NASA. But “a computer can build any shape.”

A boon to cities?

The new technology could make its biggest mark, at least initially, in the nation’s urban areas.

Three-dimensional printing will enable developers to put up buildings on previously “unbuildable” sites—such as smaller city plots where it would be near impossible to fit a crane, says K.C. Conway, head of market intelligence for commercial real estate lending at SunTrust Bank in Atlanta. It could turn costly and time-consuming regulatory problems into no big deal as building plans will be redesigned by computers—instead of flesh-and-blood architects.

“It will bring affordability back to urban housing,” says Conway, also a member of Counselors of Real Estate, a Chicago-based group of industry professionals who provide real estate advice. “The later adoption will be in the suburbs.”

Another bonus is that homes will eventually be able to go up a lot quicker—that’s particularly important in natural disaster–ravaged areas, points out Alex Le Roux.  He began designing a 3-D printer while he was still a mechanical engineering major at Baylor University in Waco, TX. Now the 23-year-old is CEO of Vesta Printer, which printed a rudimentary, 120-square-foot building in June in Katy, TX. He’s hoping to soon print larger ones.

His company has received funding from ModEco Development, a Rochester, MI–based builder that has been experimenting with the technology.

“This is where we see the business going,” says ModEco owner Drake Boroja. “The American dream is getting harder and harder to get [as the prices of homes are soaring]. We see these tools as a way to keep this dream going for the next generation."

 

For the entire article with photos – CLICK HERE

 


Posted on September 1, 2016 at 7:44 pm
Cary Perkins | Posted in Current Portland Real Estate Market Information |

Blue Star Donuts to Open at PDX Airport

 

The Portland Airport is about to get a little sweeter with one of my favorite foods….donuts!

 

Screen Shot 2016-08-03 at 4.06.50 PM

 

Article courtesy of Kelly Clarke, Portland Monthly

Tourists bustling through the Portland International Airport will have to make room for boxes of hard cider fritters and Cointreau crème brulee rounds atop their carry-on bags:  local doughnut empire Blue Star Donuts just inked a deal to open a PDX location by November of this year.  The outpost, which joins a superstar list of local businesses with airport spots, from Country Cat to Stumptown Coffee, will be located in the Oregon Market area, before travelers reach the security gate.

“I’m absolutely thrilled,” says Blue Star CEO/owner Katie Poppe, who launched the chain with biz partner Micah Camden. “The Port is working really hard to create this mini Portland utopia and we’re honored to be part of that.” The new airport shop will stock grab-and-go half- and baker’s dozen boxes of its brioche-style doughnuts, fresh-glazed single rounds, and Coava Coffee Roaster’s “Blue Star Blend” drip and packaged coffee.

The expansionist-minded local chain currently boasts four Portland outposts, an L.A. shop, and a pair of locations on Tokyo. (Psst: Blue Star is slated to open five more locations in Japan come September—three in Osaka and two more in Tokyo.)

What Blue Star creation must visitors cart back to their hometowns?

“It’s gotta be the blueberry bourbon basil doughnut,” says Poppe, referencing the buzzed-about flavor that made cover of Bon Appétit magazine in May. “If it’s gonna be your first, it might as well be a cover model.” 

 


Posted on August 3, 2016 at 11:21 pm
Cary Perkins | Posted in cary perkins, Moving to Portland, Portland Oregon, Restaurants, Things to do in Portland OR | Tagged , , , , , ,