South Hillsboro and 20k people

[Kevin Jorgensen]

I was wondering if anyone has an opinion on the impact on housing prices once the South Hillsboro (OR) development goes in. It will be 8k homes completed over 20 years. This will coincide with the South Cooper Mountain development, which I believe will bring 1k more homes as well. I'm not certain that's a high enough rate to meet demand for this area. I live in Aloha (Beaverton) and can literally see the development land from my homes view, and am on the North Cooper Mountain neighborhood. So I've got construction coming all around me. I'm still on the fence of buying a second home now (renting out current one), or holding off until it's more of a buyers market. My concern is that the current sellers market will ultimately be a better time to buy than a future buyers market due to the ever crashing affordability. If I don't buy now I'll continue investing 20 percent post-tax money.....but sure as heck don't want to be priced out. Thoughts?