Speaking of pointless (housing market)

That would be a reference to statistics:

The Portland-area median home price rose 8 percent in May over the same month a year ago, continuing a trend of outperforming the national slumping housing market.
The median home price for the Portland area hit $297,000, according to the Regional Multiple Listing Service. While the mark constitutes a record high price, the rate of appreciation over a year ago was relatively modest compared with gains in the high teens last year.


I could go on and on, have my own theories, etc. In summary, a) Portland has a growth boundary, thereby restricting supply, and Portland is still by far the cheapest city on the west coast, thereby increasing demand (read: Californians).

Just my theory.