Microsoft pledges $500M for affordable housing in Seattle area

Re:Microsoft pledges $500M for affordable housing in Seattle... by ldiracdelta on Wednesday January 16, 2019 @09:51PM (#18927907)

What's this 'tac you speak of. Tacoma is outrageously cheaper than Seattle. 'tac don't have a problem compared to sea'.

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Re:Microsoft pledges $500M for affordable housing in Seattle... by techsupporter on Wednesday January 16, 2019 @09:56PM (#18927933)

"SeaTac" is the common name for the airport and also the City of SeaTac, Washington, located next door to Burien.

http://www.seatacwa.gov/

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Re:Microsoft pledges $500M for affordable housing in Seattle... by ldiracdelta on Wednesday January 16, 2019 @10:24PM (#18928085)

I've lived in WA all my life. I know where seatac is. The problem isn't in seatac, it is in Seattle proper. Seatac isn't the correct choice of words. Seattle is. The Tac' of seatac refers to Tacoma and yes I'm playing a game with etymology. The problem is in Seattle, but not if you go south.

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Re:Microsoft pledges $500M for affordable housing in Seattle... by maxsilver on Thursday January 17, 2019 @08:54AM (#18930744)

> The problem is in Seattle, but not if you go south.

Tacoma has an average home price of $350k. That means, to afford an average home/condo/apartment, you'd need over a $100k+ salary per year. (Using the 28/36 rule). But the average income per person in Tacoma is ~$37k/yr.

That is absolutely a crisis-level problem of massive proportions.

The only way anyone can pretend those prices are even vaguely reasonable, is by comparing it to somewhere like Seattle where the crisis is so much worse.

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