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Podcast: News For Reasonable People
Episode: Portland's DOOM LOOP: $100M Towers Selling for Dirt After Woke MELTDOWN
Description: Portland's doom loop just hit warp speed as two massive downtown skyscrapers sold for literal dirt prices - 80-90% off their original valuations! Big Pink went for $45 million and the Pack West building for $55.7 million, basically land acquisition value for buildings worth hundreds of millions just years ago. While other cities like San Francisco and Seattle are slowly recovering, Portland's progressive leadership keeps doubling down on policies that created this mess in the first place. We're talking about a city where businesses fled, office vacancy rates hit 35%, and the streets are overrun with drug-addicted homeless people chasing each other...