3 ms·
> It’s working in Seattle... Not for artists it’s not. “in spite of decades of indisputably strong development, Seattle’s share of cost-burdened renters has b
by abalone 8y ago
> It’s working in Seattle...
Not for artists it’s not.
“in spite of decades of indisputably strong development, Seattle’s share of cost-burdened renters has barely budged.”
“...by overbuilding housing for the wealthy, Seattle has achieved some short-term improvement in affordability for the middle class, at the expense of substantial displacement and continued upward pressure on the most vulnerable. In this, it is similar to California as a whole, with the state’s 300,000-unit surplus for above-moderate income earners, in spite of Seattle’s proportionally superior housing production. As the city considers a greater emphasis on inclusionary zoning, even supporters of robust development have begun to question some of the core assumptions of supply-side models.”[1]
[1] Seattle, a Cautionary Tale for Supply-Side Housing Advocates https://knock-la.com/seattle-a-cautionary-tale-for-supply-side-housing-advocates-5b4ca5ed6d02 https://knock-la.com/seattle-a-cautionary-tale-for-supply-si...