Problem: Housing in the Seattle area is too expensive.Government solution: Artificially inflate the buyer pool by throwing millions in government loans at the problem. Seattle will soon stake low-income housing developers in the cutthroat bidding wars for building sites. The idea, which the City Council’s Housing, Human Services and Health Committee approved as a two-year…
Month: May 2007
To Open Thread or Not to Open Thread?
Thanks to the cessation of daily open thread posts during and after my recent vacation, participation in the forums has really taken off. However, when I announced on Monday that I would cease posting open threads for the foreseeable future, a number of you protested. While I am certainly glad to see the forums well-utilized,…
Renting in Seattle "may make economic sense"
Finally some semi-useful information out of Dupre + Scott. Mr. Cohen reports on the “1-19 Unit Report” just released by Dupre + Scott in this terrifying tale of skyrocketing rents and plummeting vacancies: Rental houses get scarce, expensive The good news for people who cannot afford to buy a house in Seattle is that it…