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A Key Indicator of Real Estate Investors’ Interest in Portland Shows a Precipitous Decline An Oregon economist could not think of another example of “an area that has so quickly fallen into disfavor.” IN THE BASEMENT: Events of the past year left Portland’s reputation in tatters. (Henry Cromett) Updated January 21 At Jan. 5 budget meeting for the city s Bureau of Development Services, economists advising the bureau on the outlook for new construction presented dismal news: Portland has gone from one of the most desirable locations in the country just four years ago to near the bottom of an 80-city ranking.