Thursday, September 10, 2015

‘No Californian’ Stickers Slapped on For Sale Signs

Portland real estate professionals are increasingly finding their For Sale signs in the city vandalized with “no Californians” stickers that show a silhouette of California with a red slash through it.
Home buyers frustrated by Portland’s booming housing market are reportedly placing the stickers on the For Sale signs and sticking most of the blame on Californians.
Portlandia
“A lot of these homes are going into bidding wars and going over the asking price,” says Quinn Irvine of M Realty. “And a lot of these guys are getting outbid. And I think they’re going around to agents who have properties that have sold over the ask price and putting anti-California stickers.” 
Real estate professionals report they are dealing with more out-of-state buyers in the area, many of whom are coming from California. But they say out-of-state buyers are coming from everywhere.
Lori Fenwick with Premiere Property Group says someone covered her name on a For Sale sign in the yard of one of her listings and replaced it with the words: “STOP THE BUBBLE.”
"There's the lowest inventory we've had in over 10 years, and people are frustrated," Irvine says. "They're basically blaming Californians for raising their real estate prices."

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