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An in-depth analysis of Portland's housing market here:

Add to that Brooks’ rather apt concept of the Bobo. As the tech sector exploded on Portland’s west-side, between Beaverton and Hillsboro, young professionals flooded the city, buying faux loft-style appartments downtown and turning the Pearl District, once a low-cost district where indie artists started galleries and microbrews set up shop, into a disgusting yuppie hang-out. Similar development along 23rd and 21st Aves. in northwest, Hawthorn and Belmont on the eastside, Woodstock in the southeast, and now Albina and Mississippi Sts. in the traditionally African-American areas of north Portland, have increased housing prices and displaced poor and middle-class families.

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Read more from this blogger: The Stranger and Seattle Weekly are both wrong on Portland Development