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After speaking with people at various Portland drinking establishments it appears their version of wealthy Chinese money flowing into real estate comes in the form of Californians cashing out and heading North for the Portlandia dream driving housing out of reach for locals.
Fitting then to come across this art installation across the river on East Burnside.
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Seattle went through the same thing in the Nineties and called it Californication.
The favorable difference for Portland via a vis here is that they are getting new residents who generally share the same values: respect for the environment, belief in democracy and placing some value in heritage. Vancouver, not so much.
Do you have any evidence for this statement? Maybe I’m misunderstanding but it sounds simply racist.
“Phew, I made it in. OK, we can close the door now. Those other people are different!”