“Central Oregon’s housing market could cool off in coming years, but the region’s home prices aren’t part of a bubble, and they’re not going to burst.” -Tom Potiowsky, Oregon state economist, June 2005

“I think ’08 is going to be a blood bath.” -Tom Potiowsky, Oregon state economist, June 2008

Sources:
Politician
Jesse Felder
My Back Pages
June 13, 2005

Oregon’s housing slump hits home

Ryan Frank
The Oregonian
June 17, 2008