Real Estate rumble doesn't happen, but an exception is given to Oregon and California. News about this rift has come about when an incident happened regarding real estate signs that have been slapped with Anti-California stickers.
Market Watch comes out with a news article getting down to the bottom of this rift. The issue has been traced back to the real estate prices that have shoot up, but this cause problems to the locals who are may be so concerned by the increasing prices of properties. Fingers are pointed to the Californians because locals have enough of it.
Report says that in 2012 the home average value used to be $225,000 only, but to date, its median value is around $330,000. The figures show an increase of 11% in a matter of 3 years. However, Zillow(dot)com says that prices are expected to increase another 6% in the year ahead. "That compares to a median home price in San Francisco of more than $1 million."
But based on the comparative data of Oregon and California. Their cash sales are not quite far from each other. "Cash sales in the Portland area in May accounted for about one out of every five sales, according to the analytics company CoreLogic. Statewide, Oregon was little different than California with both states showing cash sales in April 2015 at 26% each, below the national average."
But still Oregonians put the blame on their favorite foe. And when the incident about the "No Californian" sticker went viral, "readers of both the Oregonian and San Francisco Chronicle soon dished it out on the Internet."
This feud has started way back when. But tracing the cause will not point you to a concrete answer. It simply boils down to the social differences of both states.
In an editorial of Oregon Live, it appeals to the residents of Oregon not to whine about Californians anymore. "Oregon has since its founding been a top-choice place to live and work for people from elsewhere - and it became what it became and is what it is because of it. Among other things, today's rebounding economy depends upon it. Meanwhile, only about half of all Oregonians were born here." The editorial went on asking if they would ask the non-natives to leave the state. It also says that those immigrants in general (either from California or elsewhere) have served as "both stimulus to the economy and a force of economic stability."
It goes without saying that driving them away would make the state's economy suffer. Also, those who are putting the "No Californian" stickers do not represent the voice of the entire Oregon state.
