4 ms·

The problem is not foreign capital but that someone thought that limiting housing construction would be a good idea

• vkou 7y ago
  Vancouver, SF, Seattle are all going through unprecedented construction booms. There are more active cranes in Seattle at the moment then there are anywhere in North America. This has not stopped housing costs from going through-the-roof. People are buying houses to speculate, new residents (foreign rich, or migrating techies) are buying houses with staggering amounts of money - amounts that existing residents could never hope to save up.
  • akavi 7y ago
    Except everything I can find says that Seattle real estate prices are in fact falling. [0] https://komonews.com/news/local/home-prices-dropping-in-the-seattle-metro-area-new-report-finds https://komonews.com/news/local/home-prices-dropping-in-the-... [1] https://www.seattletimes.com/business/real-estate/seattle-area-home-price-cooldown-stands-out-amid-u-s-cities/ https://www.seattletimes.com/business/real-estate/seattle-ar... [2] https://www.trulia.com/real_estate/Seattle-Washington/ https://www.trulia.com/real_estate/Seattle-Washington/
    • emanuensis 7y ago
      ...only at the high end. There is still a rapid shrinkage of space for ordinary folk...
  • TomMarius 7y ago
    Why do you build houses and not apartment building like we do in Europe?