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I don't mind it even if it's all to sell to foreigners, but I do mind when they don't rent it out and the apartments are built horribly, with major defects, unl
by cylinder 10y ago
I don't mind it even if it's all to sell to foreigners, but I do mind when they don't rent it out and the apartments are built horribly, with major defects, unlivable sizes, paper thin walls etc because the overseas buyers don't care and just want bank accounts. You need strict minimum standards.
- woodpanel 10y agoI do think too there should be always quality standards for construction to secure a minimum quality of housing (Most of what attracts people to suburbia besides the price is privacy). But I think the biggest inflater usually is height-restrictions, parking-lot-requirements and a general uncertainty of what an ownership title actually means: in every municipality you'll find different possibilities of NIMBY-interference and likelihoods thereof.
- seanmcdirmid 10y agoIs there a lot of Chinese speculation in the Seattle market?
- cylinder 10y agoRecently more interest as Vancouver turned against foreign buyers with new taxes. However, the strong USD should clamp down a bit. Seattle also has strong local demand though, for now.