Re:Stripe to donate $1M to California Yimby
by johnrob on Thursday May 03, 2018 @04:22PM
(#16989563)
Seattle isn't too far behind SF with regards to housing (according to recent press at least). I've been wondering for years: could the larger employers in SF do more to coordinate which cities are expanded to? I'd be willing to change locations if my (tech) employer gave me the option, but others might have concerns about putting 'their eggs in one basket'. If 10 SF based companies all opened an office in the same city, would more people consider the move? My hunch is yes and I'd love to see this theory tested :)
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Rents in Seattle have stayed relatively constant over the past several years despite adding tens of thousands of residents because many new apartment buildings have been built.
However, home prices (including condos) have risen drastically because of the limited supply. There's no new space for single family homes, and because of a Washington law which increases liability for developers, few new condominium buildings are built.