40k people move to Seattle each year. Around 20k houses (combination of apartments for rent, condos + houses for sale) are built per year. Housing prices in m

40k people move to Seattle each year. Around 20k houses (combination of apartments for rent, condos + houses for sale) are built per year. Housing prices in major cities are the most obvious and stupid supply and demand situation in existence. Build 100k houses per year in Seattle and prices will go down, and the same is true for any city that is facing a housing price problem.