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The issue is that Seattle and other tech hubs just don’t keep up with demand to move to the city. That’s why prices are going up. Supply is limited for housing.
by bradlys 6y ago
The issue is that Seattle and other tech hubs just don’t keep up with demand to move to the city. That’s why prices are going up. Supply is limited for housing. If they increased the density, it wouldn’t have seen such a dramatic spike.
- eyelidlessness 6y agoWe can’t keep up with demand. There’s constant construction everywhere. It’s been a running joke for years that if you try to walk/ride/bus/drive anywhere you’ll encounter a new development each time. Sure, some of the problem is that the new developments are almost all too expensive for current residents but I’m not sure how you deal with that. The common wisdom is more vacancies lead to a renter’s market but it hasn’t panned out. To the extent there are vacancies they’re all investment properties. It’s overly simplistic to say build more housing.