How Our Success Is Ruining Seattle
jeffreifman.com
jeffreifman.com
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.
It has nothing to do with progressive anti-growth policies enacted by the state and city governments. What I really love is the appeal for more progressives in government to fix the problem.