By contrast, Seattle has been building to keep up with demand and has been able to manage prices much more effectively. We could have had a Tokyo of the West. Instead, we're left with an emptying shell of a self-agrandizing suburb.
By contrast, Seattle has been building to keep up with demand and has been able to manage prices much more effectively. We could have had a Tokyo of the West. Instead, we're left with an emptying shell of a self-agrandizing suburb.
(Full disclosure: I also own property in SF, but am in faor of all sorts of new housing, even that which will lower my home's value.)
Edit: Thanks for supporting housing even against your financial interests. I’m on the same boat (across the bay). In my case I just want to live somewhere walkable without breaking the bank.
Do you live in Seattle? Because that's not what anyone who lives here who is not making a tech salary thinks.
https://www.rentjungle.com/average-rent-in-seattle-rent-tren...
https://www.rentjungle.com/average-rent-in-san-francisco-ren...
Maybe I was too much on the dropping side but the article says prices had been booming like you said for a decade and 10k units were filled and then prices stabilized.