Discussion: Portland development has slowed a lot.

[Jakz]

I continue to be a skeptic regarding the tax difference. Household budgets are fixed. If households spend less on taxes, they have more disposable income available, most of which--given our supply-constrained housing market--goes straight to higher housing costs. Average rent in Vancouver is higher than average rent in Portland.

If OR and WA tax policies were brought into alignment, Vancouver housing costs would decrease relative to Portland. No one's saving money by moving across the river.