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Supreme Ruler Of The Universe 1

According to Bloomberg, it's all gonna be affordable soon...

Seattle Signals Glut Risk as Apartment Construction Rises

The biggest surge of Seattle-area apartment construction in a quarter century is threatening to undercut the growth in rents, a trend that’s also emerging in such U.S. cities as Washington and Houston.

Seattle went from “dead last” in rent increases three years ago, following the collapse of mortgage lender Washington Mutual Inc. (WAMUQ), to 13th out of 88 markets last year, according to Axiometrics Inc., a multifamily real estate research company. The construction boom spurred by rising rents is now stoking concern that revenue growth may stall as an increasing number of units compete for tenants.


Rent bubble go pop.

http://www.bloomberg.com/news/2012-04-05…
Posted by Supreme Ruler Of The Universe http://www.you-read-it-here-first.com on April 11, 2012 at 8:52 AM
2
Am I the only one who finds the metaphor in the lede unnecessary? I know it was written by a woman but that doesn't really matter.
Posted by Michael H. on April 12, 2012 at 10:26 AM
3
No, Michael H. you are not the only one. Her language is both unneccessary and cheap. Being a woman is no excuse. This angers me because I happen to be one of the residents directly impacted by the issues at hand. Maybe I'm just not hip enough to read the Stranger, eh?
Posted by Northgate Nan on June 26, 2012 at 5:38 PM
4
No, Michael H. you are not the only one. The depiction is both unnecessary and cheap. Being a woman is no excuse. This angers me because I happen to be one of the residents directly impacted by the issues at hand. Maybe I'm just not hip enough to read the Stranger, eh?
Posted by Northgate Nan on June 26, 2012 at 6:13 PM

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