Re:Did New York Lose Anything with Amazon’s Rejection? It’s ...
by anth_anm on Friday February 15, 2019 @01:54PM
(#19173625)
Rents have been doing better over the while haven't they?
Still have a massive shortage of housing to buy. :/
Re:Did New York Lose Anything with Amazon’s Rejection? It’s ...
by vkou on Friday February 15, 2019 @02:02PM
(#19173687)
Growth of the average has slowed, but rent for lower-end units is growing.
Growth in housing prices has slowed, but at this point, the only homes normal people can afford are an hour out of town - North Bend/Everett/etc.
And, even if things magically get better tomorrow, the lower class has gone through a decade of pain to get there.
What are Seattle's issues, caused by, then? Because if you look at the Seattle city skyline, you'll find it absolutely covered in cranes. This town of 700,000 people, in a state of 7 million people, has more active cranes then any other city in North America.
It's a construction free-for-all here. And I consider that a good thing - but clearly, its not enough to keep me from having to step over human shit on my way to work.
We also have no rent control, no proposition 13, we aren't surrounded by water on three sides, and our suburbs are actually developing - so you can't blame those boogiemen, either.
But we do have an explosion of incredibly well-paid tech professionals... With the only thing trickling down to normal people being rent increases.