They will average each other out but will be very different when you drill down to the details.My advice, is use the big thumb rules for initial quick glance but when you are ready to put in an offer, dive deep to the actual property numbers and do not use the industry averages if you don't really have to.

So the developer has to have VERY DEEP pockets to weather the cycles.

Oregon is 10 in the country for fewest defaults and highest credit of borrowers for homes.. wholesaling would be extremely hard without major budget and you defiantly need to be licensed to sell property you don't own.. state will get all over you if U try the tie it up put it on craigs list or have a website or blast e mails.. one complaint and your toast in that regard.. you need to have your financing lined up so you guy then resell.. flipping is alive and well.. but again much much bigger dollars involved than in GA ( at least most parts of GA... its like working the expensive parts of ATL price wise.although you can still flip in the high 200 to mid 300 range but there is virtually nothing at or under 100k to buy .. lots sell for 100k and over.. rural Oregon will have cheaper properties but much harder to sell with lack of buyers.. but one thing is for sure  if you do a nice job on a flip and price it right it will sell in 2 to 4 weeks at full price and you don't have to worry about folks getting loans and such.. this is not a credit challenged area like much of the deep southas for paid trainers there are good ones and there are tons just selling rehash of those that came before them remember there is not very much that's secret or knew in this industry other than tighter regulations and most guru's are not worried to much about tighter regulation as it cuts down on their conversion rates to the mentor programs as noted above.

I usually take a few deep breaths, hold it, go in, open a window and put a fan in the window blowing outside air in.

this is an auction .com property subject to overbid.. the chances of you getting this for that price are slimnot only that you will need non refundable EM of at least 3% and you have to close in the name that the contract is in.. no assignments this keeps the wholesalers at bay.. properties just don't sell that deep of discount in the uber hot Portland market.. at least not on MLS  heck lots sell for 100 to 150 k with nothing on them :)

I imagine that will eventually change but I'm hoping they don't go off the deep end like Seattle.  

The property exists on some spreadsheets somewhere deep inside an office park, and there's many different people with different pieces of the pie. 

Well, not really…How deep can your punter kick?

I am also 2 deep on fridges stoves and dishwashers. 

In Houston, we're already in, maybe not a crash, but a deep downturn in office buildings.