https://www.seattletimes.com/business/real-estate/smallest-springtime-rent-increase-of-the-decade-for-seattle-area-as-new-apartments-flood-the-market/ Thoughts? Maybe the Bay Area could learn something from this...
There's a massive backlog of inventory in the pipeline. I suspect rent will be flat or perhaps down a bit in the coming 5 yrs
Naw, won't happen anytime soon. Why would a land owner want high rises blocking their views or crowding the streets.
There's now more voters who are renters than owners. That, combined with a left wing city council in Seattle, means pro renter laws from the city. Like the unconstitutional first renter to apply wins rule. But maybe the tides will turn as Amazonians buy housing and hiring slows.
Lol, the renters always out number the owners but only the owners yield the power.
Haven't you heard? Supply and demand are just an opinion. in other people's opinion prices are set by compassion, hope and solidarity. There's another thread where people all agree the solution to expensive houses is to increase taxes on houses.
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Seriously. Fuck the NIMBY-ers and build fuck ton of high rise apartments