3 ms·
If you look up at all of these new luxury apartment skyscrapers they put up in downtown Seattle, they're mostly empty. They're lowering rents, offering free ren
by prolikewh0a 8y ago
If you look up at all of these new luxury apartment skyscrapers they put up in downtown Seattle, they're mostly empty. They're lowering rents, offering free rent for a few months, Amazon gift cards, Amazon Echos, etc. They're noticeably having a hard time filling luxury apartments. If you want luxury and peace & quiet, one would head over to Bellevue and not Seattle. More are going up right now too.
I doubt many people want to rent a 2br downtown for $5000/mo that probably isn't going to get proper maintenance because the corporate landlord companies around here that own these truly do not give a s#%t except for money and don't care if you move out after a year so they can raise rent on the new tenant, tons of rules & regulations that make it feel like it's not really your place to live, extraordinarily expensive parking, and living among thousands of homeless people destroying the streets and doing hard drugs right outside their door. They even built one or two new skyscrapers that are right near Seattle's infamous '3rd & Pine' hellhole.
Housing that isn't luxury is unprofitable, so it's not built in or around Seattle unless federal HUD steps in for tax breaks/rent control. There is no interest in King County to build housing for lower income/lower middle class.