Seattle is not alone. Vancouver, Sydney, London and other cities all have experienced the same boom. The global economy is currently booming, wealth is shifting

Seattle is not alone. Vancouver, Sydney, London and other cities all have experienced the same boom. The global economy is currently booming, wealth is shifting from middle class to upper class. Building homes have become cheaper but since transportation services are still outdated, more and more people want to stay in the same place. The super wealthy are leveraged by the banks and think housing is a great investment so they squat on swaths of buyable property and rent it out. If a City implements a solid transportation system that gets you in the burbs within an hour, then the prices drop. Prices are simply a matter of demand and supply, and supply is artificially capped. The truth is, humans are terrible long term decision makers for the good of a large population. Personal agendas always get in the way.