4 ms·
Seattle has had an anti-growth strategy going on 20 years now, and the State as well as City have been terribly mismanaged for at least that long. Housing pric
by MCRed 11y ago
Seattle has had an anti-growth strategy going on 20 years now, and the State as well as City have been terribly mismanaged for at least that long.
Housing prices go up when you cannot build more housing units while population increases. When the state gets any money-- the dotcom boom is a perfect example- they spend like crazy, and not on things that add lasting value (transportation was a trivial part of the state's budget) ... then when the boom times end or slow down, the state has the same spending as before, without putting any reserves in. So they end up raising taxes.
It's the standard "let the roads suck so you can get people to vote for a tax increase, even though road spending is less than %1 of the budget." routine.
Seattle is geographically challenged with the sound, lake union and the mountains compressing the amount of room available... yet you can't build housing on a scale that makes it affordable?
Lets not even mention the fact that Seattle has been overrun with califronia liberals who have bought real estate and profit from the rapid increase in costs... so long as supply is way below demand their houses go up in value each year.
They pretend to be about "keeping a good community" but really they profit from their anti-growth position.