The Rent Hike
What Happened When a New Owner Bought Our Apartment Building
kelly O
DON'T TAKE IT PERSONALLY But you’re being forced out.
Located just off Madison Street, where Madison Valley, Capitol Hill, and the Central District converge, the Prince of Wales is a deeply charming brick apartment building that seems as if it's been around longer than anyone can remember. "Supposedly, it used to be a hospice," says Katherine Lind, a 14-year resident. She adds, "Charlton Heston lived here for a time, when he went to Cornish. That's what I heard, God knows if it's true." ("It's true," says a different resident. "It was his cold-water flat.")
For a long time, the Prince's owner kept rents low, and Lind says that the units were generally "filled with quirky creative-type people" who shared holiday meals, while the backyard garden and picnic tables instilled a community vibe. Although the neighborhood is quiet today, things were different a few years ago, Lind says. "We lived through the hell of it. All the hookers and drugs and gunplay and dogs barking and shit. And the drunk motherfuckers singing. Oh, how I hated them. It was like 300 people were in my living room," she says, gesturing right outside her window to where the dive bar Deano's/Chocolate City and bar/karaoke venue the Twilight Exit formerly stood (and other bars before that). Today, the plot sits vacant, though four town houses are scheduled for construction.
Stranger Personals
Nearby, a Safeway, a Starbucks, and a Subway occupy the ground floor of a multistory residential complex that is so sprawling and beige-colored and aggressively nondescript that it actually seems profane. "I watched it going up. The workers just didn't stop. It was like a giant marshmallow that kept getting bigger and bigger," Lind says.
I'm talking with Lind in her apartment. It's a pleasant space with high ceilings and wood floors, but she won't be living here much longer. Rents at the Prince are suddenly skyrocketing. While previous rates for its studios and one-bedroom units ranged from $600 to $900 a month, the new owners are jacking up rents an extra $315 to $670 a month. That's 45 to 90 percent. Many tenants, such as Lind, say they can't afford to stay. At $350 more per month, her increase is 44 percent.
This all began on October 16, when a development company called Briarbox purchased the Prince of Wales and hired management company Pacific Living Properties (PLP). Since then, PLP has distributed notices every month announcing that rents will increase in 60 days. About 15 units have received notices so far, though not everyone's been hit. Some wait for the inevitable; others relocate of their own accord. But the building is quickly emptying. Of 32 units, 20 will be vacant by February.
"It's sad. You're leaving your home, you're leaving your neighborhood, you're leaving your family," says 23-year resident Butch Rogers, who is retired but covers on-call shifts as an inspector for the Department of Agriculture. He says he must relocate after receiving a $670 rent hike, a 92 percent increase.
I'm a tenant here, too. PLP directly involved me in this struggle when I received an increase notice of $580 for my one-bedroom unit, which currently rents for $815—a 71 percent jump I can't afford.
So why the huge rent hike?
"This outskirted Capitol Hill area is going through a development boom, and meanwhile, Prince tenants aren't paying comparable market rents," says PLP regional manager Jason Alldredge during a telephone interview. "This is a building that's underperforming because the electrical system is bad, the plumbing is horrible, the meters in the basement are old, the mortar is falling apart. From a structural standpoint, the building is not functioning as it should. And, with all the work we're doing, we might as well go in and bring up the aesthetics, too," says Alldredge. Which is to say that the new owners are remodeling the building's systems and its appearance, which cost money and allow them to charge more per unit.
Thanks to all the construction under way, even tenants who haven't (yet) had a rent hike, such as 17-year resident Jeanne Ferraro, experience vibrating floors, droning mechanical sounds, and workers everywhere. "I'm moving out. I can't take this. They've started construction all around me," she says.
There is more unpleasantness. In my case, for instance, the company scheduled my rent increase to begin a couple of months before my one-year lease expired. I understood it to be a violation of tenant-rights laws, so I contested it. After I provided PLP with a copy of my lease, they dropped the hike (for now, anyway). But PLP issued rent-increase notices to three other tenants also protected by leases, and as I say to Alldredge, "This gives the impression you're testing to see what you'll get away with."
Paperwork mix-ups caused these oversights, Alldredge says. "When the building was transitioned to us, not all the [lease] documents were in order. We had to do a lot of weeding through. Ideally, we would've been handed an organized filing cabinet, but it didn't work out that way, and that's unfortunate," he says. "We know you guys are taking it personally, but please don't."
"It's not that I'm taking it personally," I say. "I thought it was a violation of tenant law to raise rents during a fixed lease's term."
"It's really unfortunate. I'm sorry for that. And it hits home because it's your home," Alldredge says. His tone suggests that the response is supposed to be reassuring.
It isn't, but now let's focus on the rent increase, which is totally legal.
"It's manifestly unfair to tenants, but there's nothing that prevents it in the law," says Jim Metz, the housing ordinance supervisor for the City of Seattle. "State law specifically prohibits any form of rent control," Metz says, and when tenants are not protected by a lease, owners "can make any rent increase they want, as long as they give tenants 60 days written notice of any increase in housing costs" of 10 percent or more in a 12-month period.
After forcing out tenants, property managers like PLP can swiftly rehabilitate the vacant units, which costs them significantly less time and money than it would to follow the terms of the Tenant Relocation Assistance Ordinance, which requires the property manager and the city to provide relocation-assistance payments for low-income tenants being displaced.
But the Prince doesn't officially qualify as low-income housing, according to PLP, so they're not mandated to do this. So I ask Alldredge if it was his goal to create vacancies by raising rents, essentially forcing out the old tenants so that management can begin extensive interior remodels.
"It's something that needs to get done," he argues. "It does require vacancy. But it's a process that's happening throughout Seattle. We're not the only ones doing it."
Still, it seems ethically questionable to buy a property and raise the rent so high that the artists, writers, seamstresses, music teachers, retirees, and caregivers who live there—the sort of people who bring texture to the neighborhood—can no longer afford to stay.
"We're not putting a personal spin on this," says Alldredge. "This is a business, and our long-term goal is to beautify and upgrade the building. Difficult decisions have to be made to get there."
Appalled and tired, nine-year resident Alicia Bennett is moving to Beacon Hill. She hasn't received a rent-increase notice, but her asthma has recently worsened and she blames the dust from perpetual construction. "The new owners are gonna win. I know that," she says. "They'll do whatever it takes to get their way, and then they'll rent the units for an obscene amount of money." ![]()
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That aside, holy shit, I'm so sorry everyone is going through this at that building.
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Maintaining and expanding the stock of truly affordable housing in this city should be a much higher priority than it is, and probably ever will be. Few years from now, no one making less that 150% of the median income will be able to live anywhere near the city they work in.
Great article. Gives voice to those dealing with the real consequences of gentrification. We don't hear from those people nearly often enough.
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We had a pretty sweet chance to try out some mixed-income, smart density with the Yesler Terrace redevelopment, but with Vulcan at the helm I am not optimistic. OH WELL.
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People have been denying it for just as many years.
Maybe we can start to get a study up in The Stranger about increasing rents and home prices vs salaries.
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I have also said planned density should happen, but rents will never ever stay down, and not when compared with salaries anymore.
10
But PLP issued rent-increase notices to three other tenants also protected by leases, and as I say to Alldredge, "This gives the impression you're testing to see what you'll get away with."
Paperwork mix-ups caused these oversights, Alldredge says.
Given how many times this has happened to me and people I know who live in Seattle, I don't believe Alldredge for one fucking second.
There are exactly zero repercussions for Washington landlords who break the law, and many tenants don't know their rights. PLP gave you you an illegal rent increase because they were counting on you simply paying up or moving out.
Anyone in similar situations: low rent, good location, high ceilings, etc. on month-to-month should try to sign as long lease and lock down that luck for as long as is possible.
16
This is not gentrification, this is like some kind of time bubble that was never penetrated up until now!!
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Thoroughly unpleasant to live in construction, and when the new owners want you to pay a premium to do so.
And they will always shaft the residents, pushing the edges of legality, or just plain violating the law.
25
Whoever decided that the market alone could provide for this basic need, got it wrong, and everyone is paying for it. Even the landlords are paying for it because they have to borrow so much to get in on the swindle.
NGOs, Cooperatives, Local, State and Federal governments are better suited to providing the majority of the housing in any city, not capitalists who make their living off the scarcity of something that the masses need and will die without.
even as more housing is built in an area like capitol hill, demand still far outpaces supply, so rents continue to climb. it's not until there's MORE supply than demand that rents will stabilize. that's what could happen in ballard in the next few years. see: http://seattletimes.com/html/businesstec…
"But analysts such as Cain and Dupre + Scott's Mike Scott forecast that, in a year or so, all the new construction will start to tip the balance between demand and supply.
Vacancies will rise, they say. Rents will stabilize, perhaps drop. Landlords will start offering tenants concessions like free rent again."
this is a fucked-up situation, but it's not increased density that's the problem. it's simply the number of people who want to live in the center of the city and are willing/able to pay $1400 a month for a one-bedroom. why we need rent control!!
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I never had my rent dramatically bumped up, but I did get a boot when developers decided to tear down my apartment building for some bullshit development. I had a very limited income at the time and it almost bankrupted me (had to move from a decent 1 br ~$650 to a smaller 1 br ~$950 as that was all that I could find).
Yes, I know, and that's what I'm grousing about.
Tenant protections in Washington state are a joke. I've gotten the "oh, oops" excuse before when landlords tried to illegally raise my rent (last time they gave me three days' notice), and the fact that the state refuses to penalize them for breaking the law means that they will always try to get away with it. And that's not even going into the many completely legal ways they can fuck over their tenants.
"Surely we can get our shit together to pass an initiate to control these insane rent increases."
Here's an idea. Hold a protest!
You haven't seen housing in Pyongyang have you?
Until this changes this article and comment are just whining.
You can't just convert to Socialism on one issue when it impacts you. We live in a right wing capitalist country. Barrak Obama is somewhere to the right of Ronald Reagan.
@41: Obama isn't to the right of Reagan. Get over yourself. I am constantly amazed how Republicans see Obama as a socialist while at the same time socialists see Obama as a Republican. Perhaps if both groups looked at the average, they'd see where he really stands.
44
@4: Like others have said, this is only density if a pinot counts as beer. Increased density involves more units, this story doesn't add units at all. More density would make this story less common, as the increased number of apartments would increase competition and so decrease rents.
@29, 30, and others: The answer is certainly not rent control. What happens then is that no one wants to build in the city because they can't paid enough to justify it. Instead, the same building exist for ever and, because the rents aren't adjusting to inflation, the landlords make progressively less relative to the cost of living. The outcome is an absolute shortage of apartments (meaning that the people who live here now are fine but the people who will want to move here later are screwed). In addition, the chance that those apartments will be well maintained is much lower because of the lower rents.
It's easy to complain about these sorts of things. But, if you are paying markedly lower rent than other buildings around you, it probably shouldn't come as a huge shock when your rent goes up. If we would get off of our unimformed, NIMBY asses and allow for denser development and stop worrying so much about (fake) gentrification when something like apodments are getting built, we would all end up paying less for rent. Instead, we complain about reality but propose ideas that will make it worse.
Actually, I do have sympathy. But the next time Charles (among other Stranger writers) extol the virtues of renting vs. owning I just may point him to this story.
And yes, this is abysmally common--not to mention the fact that many of these companies then try to steal people's deposits, go back on the lease, etc. SeaSol has had a number of fights like this in the past (and won them).
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I got rent-increased out of the Whitworth in 2007, but they did everything above board.
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You've never actually visited any country where they tried that, have you?
If you gotta leave eventually, start getting friends to come over for big parties in the hallways during the day when they're trying to work. Put a bunch of people drinking beers and hula hooping in the halls and stairs.
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I would love to live in a socialist state with rent control but that's not where we live. As it was, I did live in one for year (up in the easten portion of Canadaland) and it was great. Good luck changing the rules here. The new folks coming in want nice apartments, nice streets, nice stores and nice everything.
Otherwise, you end up moving to Portland. Or now that Portland's gentrified up....somewhere else yet to be identified.
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You know what sucks worse than ugly buildings? Paying through the nose for crappy groceries.
I'm Alicia, nine year tenent of this beautiful building!! I moved in at 17 years old. And stayed nine years in my very first apartment. I grew up here. I created a family here.
Lets party!! All good things must end only to begin new and better adventures :)
(+) = (-)
Every action has an equal and opisite reaction
It sounds like the previous owners weren't anywhere near keeping up with market rates (or maintenance, but that's a separate issue), but in most cases owners will. If this building had been owned by a 'standard' landlord for the past few years, rents would already be above what these renters could afford even with the law you propose.
While I appreciate wanting to maintain neighborhood character, it does seem like there's an undercurrent in the article and comments of wanting to rely on good will from landlords, and acting surprised when they exhibit anything else. Yes, it'd be nice if landlords would take 'neighborhood character' into account, but based on mountains of past evidence, this will usually not happen. Instead of asking for something from someone who you really ought to know won't listen, why not take things into your own hands?
If you want rent control, it's effectively available: buy a condo. You get a lifetime guaranteed rent, no hikes. You get a reserved spot on Cap Hill (or wherever) for as long as you want. I know it's not for everybody, but the rents you're describing for this building are very close to what you'd pay on a mortgage. And with rents going up like they are, in a couple years you'll be way below market rate. I know there are a bunch of people in my building (2 blocks from Bauhaus, great area) paying 1100 or less for nice 2 bedroom places that would easily rent for double that, because they bought several years back.
Yes, landlords should be nicer. But I wish more people would take active steps to take back control of the neighborhood in the other ways they have available as well.
One thing's for sure: PLP better comply with EVERY little law, because the Landlord Tenant Act does have teeth in Seattle, and they're opening themselves up to unhappy, sue-happy yuppies who would be more than happy to sue when they don't.
http://apexcoop.org/
Several years ago my apartment building got sold and converted to condos. I was paying about $650 or $680 and was told I could buy and pay $1500 (it may have been more, but that's what springs to mind) a month. I forget if HOA fees were included in that, but either way, it would have been more than double, which I could not afford.
Let's break it down: as of 2009, the median income in Seattle was 40k/year for individuals, 60k for households. Given that these are studios and 1BR apartments, let's focus on the individual.
Let's assume that residents are making 20% below the median, or 32k/year. There are no state income taxes, so you'll be bringing home approximately 28k/year after you consider SS withholding and federal income tax.
You were definitely getting a good deal: less than a third of your income to live in a very desirable part of Seattle, dense with transit and walkability. Now, not so much.
That is, of course, if you were only making $32k a year. If you are making below that, you should probably reconsider your career choices if you've been working for the Stranger (or any other employer) well into 30s, and/or alternatively consider you're in fact living beyond your means. Want to know what makes things cheaper? Roommates. I had them when I was making a shitty wage in my late 20s as a graduate student, and have tons of thirty-something friends in Seattle making the median wage who have roommates so they can save money.
Alternatively, you don't get to live in the desirable neighborhoods, and have to live further out. I really don't understand why there is this undercurrent on Slog of people who think it's a human right to have their own affordable (in fact below market rent) apartment that isn't tiny in one of the more desirable parts of the city. Newsflash: it's not.
But I can definitely understand lamenting a place you were getting a great deal on, being run by good people (because most landlords are barely a few steps above house cats on the pure evil scale). I had one of those (on the Hill!), and considered myself very lucky those two years. Of course, I made sure to not take the option to go month to month, knowing that I was getting a good deal and how the law works.
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@65 & @61: I should think the recent real estate bubble/bust has proved that buying isn't going to save you either. As @72 pointed out, historically speaking, the exact same property typically goes for A LOT MORE MONEY when it gets converted to condos. Plus, there's a downpayment. So, you can only "save money" by spending more in the first place. In a good building and a good location, you might get that money back in the long term. But again, the housing bust should have proven there's no guarantee in that.
That's the thing. With market forces, there is no guarantee of anything, ever.
That's why some things have to be socialized, and I'm with @15 and @25 in thinking that basic, decent housing is one of those things.
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I wanted a fun young area with lots of hot young gay guys drinking and doing drugs, SO I MOVED TO WALLINGFORD.
Council flats in the UK? I doubt I'll even need to tell you how those worked out. The projects in the US? Ditto. Rent control that has been shown to only drive up prices and most benefits the middle and upper middle class (e.g. NYC)?
How about the Swedish system? There you can't legally rent a place for it's market value... even if the person renting would pay it. In fact, to make a scant 5% return on investment (remember: inflation!) you'd have to be able to charge more than 70% above the floor set by the government. That, and extremely generous tenants rights coupled with lots of restrictions on what landlords can do means the private sector has been completely removed from the equation. This is necessary, because generally speaking if you can, you avoid the government.
So the government takes care of things: they build the buildings, you rent your apartment from them. Of course, there being no real market pressures, and thus no stabilization between supply and demand, you have to wait. A long time. In Stockholm, we're talking multiple years. The average for the city is 2 years. Then something comes open, and maybe it's not exactly where you want to be. Desirable areas of Stockholm can have a wait time of 20 years.
Oh, shit, you got a new job and need to change where you live? Not easy. Going to go study at university for a couple years? Hope you got on a waiting list well before.
Result: you go gray market, and rent from someone with a place. Who charges you more than they pay. And who has you over the barrel like most landlords do, because, well, you're not actually a lessee, you're just sub-leasing it. But hell, you're glad, because to get your own lease you'd have to wait a few years. And guess what? The price for your apartment in Stockholm is, compared to comparable European capitals, more.
It's almost as if there were economic forces at work here. Issues of supply and demand, of equilibrium. Of incentives.
So, again I ask those calling for socialized housing: what's your specific plan? (Ideally also explain how you'd make it fiscally viable.)
Get 2 years of steady work history under your belt and get a mortgage. Buy a tiny WWII era 2bd bungalow in so-so condition or a run-down 1970's era condo, and you'll be much better off.
Marti, you were incorrect to call it "our apartment building." That implied that it someone belongs to the people who live there, But poor Martin, the building belongs to its owner. Do you own the building? No? Then it's actually "someone else's apartment building." You just happen to live there.
Poor, poor Marti. No one gives a shit about "texture." How stupid can you be? The owner bought the building for money. There's a mortgage payment to make. All those tax levies you voted are part of the taxes. Which just went up a whole bunch because, with the sale, the building got revalued. Poor, poor Marti. You didn't think renters have to pay for tax levies. Wrong about that one too, Marti.
Poor, poor Marti. You were getting a great deal on your rent, from a kindly owner. Did you ever thank the kindly owner, either then or now? Nope. Why thank anyone? Now the owner is no more, and the new owner isn't so kind. Poor, poor Marti. Have you thought of an apodment? Let your grandpa know how your new dorm room works out for you.
Poor, poor Marti, you will pay whatever the fuck the market will let the owner charge. You didn't think grandpas curse at you? Wrong about that too, you stupid little brat.
There are upsides and downsides to rent v. own. You have lower housing costs, and the flexibility to pack up & go pretty much whenever you want, so don't bitch when the party comes to an end and the rent gets jacked up.
Want security? Accept more responsibility. Sorry to harsh the buzz, but that's Adulthood 101.
The thing is, it's a somewhat higher cost, but it's a fixed cost. And if you're faced with market rates going up 10% every year, even a fairly large jump in total costs when you go to a condo is going to turn out to be below market rates before too long.
Yes, you pay more now, but you're paying up front to get a lifetime fixed cost. Yes, there are risks. If you buy into a bubble and it pops you may be stuck paying more than you could sell the place for. Even so, you're probably going to be paying less than market rates for renting a similar place within 5 years.
Again, not for everybody. And yes, there are up front costs. But your rent can never double on you, and there's a LOT of power in that.
Loose monetary policies, interest rate at 0% = inflation. To them, keeping the rich and their stocks and real estate holdings on top is more important than anything.
I love articles like this; besides the youthful exuberance of the Stranger's writers, I also get a kick out of the constant theme of naiveté, where writers seem to honestly not understand why they can't afford to live in cool, funky apartments in cool, funky neighborhoods on what they make as baristas, musicians, or - wait for it - alt-weekly writers. Sorry kiddies, that fantasy only happens on movies and TV. Otherwise plan on living in Kent and commuting, or live next to a crack house.
Or take the hard classes in school, do your homework on weekends rather than partying, deal with the 9-5 drudgery, and then maybe you too can afford nice digs when you're older.
It's the 'Ant-and-the-Grasshopper' story all over again; play now or play later; your call.
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I see a consensus for the most part. It is the same consensus that Occupy Wall Street was principled on. It is the same consensus that humanitarian efforts are principled on. Treating people with respect. Knowing that no one is attempting to live in a bubble or get away with anything, but merely attempting to pay what they can to live where they want.
Let's face it, it was the "quirky creative-type people" that made Capitol Hill an attractive hot spot to begin with. Now, the vultures are circling. They have homed in on wounded prey, and are ready to start picking the bones for every last scrap of meat they can get into their gullets. These vultures are raising the rent on the very foundation of the neighborhood they hope to mint their continued fortunes from. If the neighborhood was filled with gangbangers and prostitutes PLP may have passed this opportunity by as not lucrative.
The problem with our current state of affairs is that these companies want us to buy their goods, live in their buildings; basically suckle their tit, but the milk they are giving cannot sustain us. The smug are grinning and thinking "great, more for us" but they do not realize that everyone is interconnected to the failure or success of this country.
Everyday I read about how Obama is going to create a 'commie regime' and change our country to a socialist society. I have news for you; it isn't Obama that is changing this country, it is the citizens, the businesses, and the attitude that more is better. This house of cards that has been stacking up is going to topple.
PLP is a symptom of the plague of greed that has beset our society. What is interesting is that if there was a movement to move a large majority of the "quirky creative-type people" out of Seattle to Detroit, where building owners would be happy to rent a large number of units out at any price; that city would soon be on the upswing with a different type of re-gentrification. Companies like PLP would soon turn their site toward the Motor City, as scavenger and parasites always turn toward the blood to feed their unquenchable hunger.
Being from Baltimore, I have seen this all before. Having lived in Seattle for almost two decades, I can say I honestly hate this city. This place where everyone feels entitled; where great ideas get lost under the money game; where the biggest crimes are in the ways we treat each other; the way the city and county governments spend our tax dollars, wipe their greedy mouths and ask us for more, even as the infrastructure continues to crumble.
People of the Prince of Whales, if you are truly unhappy with what PLP has done here, simply light a match and watch it burn. Revolution will be coming to America. Why? Because our republic is becoming a oligarchy run by the corporations that want to pay as little as possible, and own everything; including the people it pays. The writing is on the wall.
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Same thing with unions issues. If I was Tim Keck, I'd be laughing my ass of about it every single day.
You don't get it, this isn't fantasyland. People "attempting to pay what they can to live where they want" isn't reality. Some places are more desirable than others, and thus cost more. Fuck, in your hippy utopia apparently people don't even have to pay what they can, then only have to try to, and that's ok. You're like my undergrads who don't understand why they got a mediocre grade when they tried so hard!
But let's take your logic to it's natural conclusion: I want to live in Central London, lower Manhattan, or West LA and pay under $1k/month for a livable 1BR! That's about what I can pay if I want to save, so I should be able to, right? Despite the fact that tons of people want this, but we can't use the market to sort it out in your fantasyland, I'm sure things will work out for the best.
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As far as measuring Capitol Hill (or Belltown for that matter) to "Central London, lower Manhattan, or West LA", well I needn't tell you how far from any of these place Capitol Hill is.
When I said "attempt" it was pointing to this economy that we have helped the banks create for us.
I own my own home, and wouldn't deign to live ass to elbow in Capitol Hill, Belltown, the U District; whatever. However, many feel that this is a way to save money. They sign a lease to live close to work, and public transportation, they build up a neighborhood over time, and then are pushed out because some greedy fucking company decides the time is right to squeeze more from a property. You are right Hatter. In the "fantasyland" I live in (or would like to) people cannot be exploited to their breaking point. The elimination of the middle class in this country is a process of erosion. When the underpinnings are gone and the whole thing topples, I hope you have prepared yourself.
Conversely, if you are prepared to the tune of $450,000 a year or more, enjoy your new income tax. You've earned it.
I love where I live, utilities are included, rent's higher, and I'll have to budget myself for it. But I'd really prefer to stay renting where I am than save for a condo in my town. The condos I could afford right now are new construction, but in shitty neighborhoods. Hopefully this isn't suddenly the beginning of a vicious, greedy new cycle of "who is the bigger, badder slumlord".
Alldredge sounds like the slumlord I once rented from in Ballard who lived on the East side, and griped if any of his tenants "bothered" him with residency maintenance calls, taking him away from his precious country club. Ironically, he sold his building to a wonderfully competent, older couple near Sandpoint---just before we moved out and signed a mortgage agreement!
Sorry, Marti! Being at the mercy really bites.
Also, it's business. Smart businesses work (and last) because they make enough revenue to cover their expenses and make a profit. You want to talk inflation? Think about that last book you bought at Elliot Bay ($30 for a hard-cover, what?!) or that cute little pair of shoes you bought at Edie's Shoes in Capitol Hill ($80)... and you don't call that inflation or smart business?
The City of Seattle doesn't provide any tenant rights except rent hikes above a certain percentage in a year (or within the span of a lease). If you're upset about rent hikes, please band a group together and take it to the city - I'll certainly sign that petition!
High standards of living generally don't come cheap. In Seattle, we've been living in a bubble for quite a long time, and even though prices are still low compared to the rest of the US, we should all expect to see rent go a little higher.
Also, it's business. Smart businesses work (and last) because they make enough revenue to cover their expenses and make a profit. You want to talk inflation? Think about that last book you bought at Elliot Bay ($30 for a hard-cover, what?!) or that cute little pair of shoes you bought at Edie's Shoes in Capitol Hill ($80)... and you don't call that inflation or smart business?
The City of Seattle doesn't provide any tenant rights except rent hikes above a certain percentage in a year (or within the span of a lease). If you're upset about rent hikes, please band a group together and take it to the city - I'll certainly sign that petition!
High standards of living generally don't come cheap. In Seattle, we've been living in a bubble for quite a long time, and even though prices are still low compared to the rest of the US, we should all expect to see rent go a little higher.
Of course the Hill isn't Manhattan, London, or West LA. But your logic applies: I get to live wherever I want even if tons and tons of people want to live there.* On whatever I make at whatever job I choose, seemingly. And they get to continue living there, apparently, until they decide otherwise, at whatever it was they were paying whenever it was they moved in.
Neighborhoods change (the CD today isn't the CD of 25 years ago). Property values change, and in places that are nice to live--be it for bars and restaurants or schools and parks--they go up (as a home owner you know this). This isn't some evil nefarious scheme, and when a building gets sold, the property re-evaluated (and thus likely the taxes go up) and renovated the rents are also going to increase.
How is raising the rent from below market prices to market prices greed? Or exploitation? Oh, wait, nevermind, I forgot: because it infringes on everyone's basic human right to be able to live comfortably anywhere they want, despite other people's desires.
Because that's all this is: people's desires. This isn't some evil corporation exploiting people. It's the fact that other people want to live in this area too. And these people are willing to pony up more money.
Does it suck to get priced out of an area? Yes it does. Is it some huge injustice? Well, no, not really. We're only reading or writing about this because someone working for the Stranger can't afford to pay to live in the neighborhood they work in. Is that the fault of big bad developers, or a--gasp!--corporation not paying its employees enough so that they can live near work?
*Though I'd take the Hill over all of them, as I actually love living "ass to elbow" in a marginally dense neighborhood.
It just isn't the city I once knew as a kid, anymore.
Anybody remember Frederick & Nelson? Fun Forest at Seattle Center? The Bon Marche (before it became Macy's)? Trader Vic's at the Westin?
@81: "Renoviction". I hope I don't become another victim of it.
I couldn't be bothered to find city-specific data, but for MSAs Seattle is absurdly cheap.
DC: http://www.apartmentratings.com/rate?a=M…
LA: http://www.apartmentratings.com/rate/CA-…
Boston: http://www.apartmentratings.com/rate/MA-…
San Francisco: http://www.apartmentratings.com/rate/CA-…
Seattle: http://www.apartmentratings.com/rate?a=M…
25-50% cheaper than all of them. For frame of reference, we have the same median income as DC, and a higher median income than Boston or LA. Only San Franciscans earn, on average, more than Seattleites. But they also pay 2.5x what we do for rent.
I see my recent rent increase comparatively speaking, as a homeowner who see increased property taxes to support a passed public school levy.
While it's rarely fun to see rents or property taxes (and even worse to also see assessed home values go down!), it's cost and maintenance. I'm fortunate to have on-sight handymen (something I DIDN'T have in Ballard).
So that extra $50 I'll be coughing up per month until further notice will pay to ensure that someone is nearby should my toilet overflow, there's a gas leak somewhere in my stove, or a pipe is about to burst.
My main concern is the idea of getting priced out by a ruthless buyer's market.
What I meant to type was thus:
re: @102: "....as a homeowner who sees increased..."
"While it's rarely fun to have rents or property taxes hiked..."
Okay, now I'm done. I hope everyone's situation, whether you're a renter like me, or a homeowner, works out for the better.
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I bought my home in 2001, when the housing bubble was in full swing. I looked at 40+ houses. What I was being offered for my money was simply ridiculous. I bought a house under market value as a fixer, because I refused to be gouged by a market that I felt was ridiculous. At that time it was a renter's market because everyone was buying houses. The reason why the economy is so fucked now is in large part due to that housing bubble. Now it is a buyer's market due to the surplus of homes currently available. Conversely, more people are renting due to market insecurity, and many that once owned as well as those that have walked away from their investments. The point I am trying to make is that there is a middle ground. That middle ground is somewhere that is sustainable for most involved. However, those corporations that you speak of must look further down the road than the profits that they stand to make in the short term. All markets fluctuate. When the pendulum swings again, we can all hope that companies such as PLP end up feeling the pain of their greed.
If I lived in the city, I would rather live on Queen Anne than on the Hill. I would never pay penthouse prices for a walk-up on the hill though. I would rather live in Puyallup (I don't live in Puyallup).
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Hard to reconcile "poor" with "able to save up for a down payment, solid job history, and good credit", thus poor people tend not to buy homes.
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Hahah, well unfortunately I'm not looking but good luck selling. I just hate to think that I'll be stuck moving every couple of years for the rest of my life if I can't manage to save enough up for a house/townhouse/condo whatever. But that's life I guess.
Is it too much to ask that Seattleites stop whining and put some time into working together and living how they would like to? Spending one's entire life being/feeling oppressed is no way to live.
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Trust us, it wasn't Deano's was one of the most notorious hives of scum and villainy in the city; basically an open-air drug market and shooting gallery (of both varieties), and that section of Madison, along with most of the major intersections on 23rd going south, were similarly decrepit. It's really only been in the last five or so years that things have settled down to the point that people, particularly families, have felt comfortable moving back in.
The landlord was inappropriate in not respecting current leases - and sloppy, which does not help their cause. But they are not otherwise bad people for getting market rate, any more than the tenants are bad people for leaving one job for a better paying one, depriving their current company of their services if the company can't afford to pay what they are now worth in the marketplace.
Nobody is entitled to live anywhere. And someone who invests in a building is as entitled to raise the rent as they are to lower the rent or lose the building in the inevitable bad times that cycle through now and again.
There are a number of high-paying jobs in the tech sector that you can train for without much formal school, which makes it pretty cheap to learn. These industries are chronically understaffed, and outsourcing isn't solving the problem. There's no reason to assume you'll someday be rich, but there's also no reason to assume you can't be well off if you take the right opportunities.
landlord can charge whatever he wants when a tenant moves in.
landlord can only increase the cost of inflation +1% while the tenant is there.
On @31 you are exactly on target --- Seattle has had a long line of stooge mayors bowing before any and all developers (Community Development Roundtable)
Developers and property managers are scum. This is why I get so mad when people try to rehabilitate Greg Nickels. He did everything he could to give these assholes power. And look what they do with it.
On your moronic comments on Obama, of course the argument is always posited as to the opposite of what it is, so unfortunately semi-analytical types like yourself, ignore the fact that Obama, like Clinton, has a 100% neocon administration --- are you blind, deaf and dumb to Summers, Geithner, Rubin, Farrell, Fuhrman, Breuer, Holder, etc., etc., etc.?
Thos of us who have worked long and industrously over the years, only again and again to be frustrated that the Landlord-Tenant Association continues to be a sham, and that politicians (NiCastro, etc.) who claim to run to change things, end up being on their payroll, read some of the comments here and can only shake our heads in mirth --- where were you people when we constantly begged you to pay attention?????
Judy Nicastro 2013???
@70 – dougy --- yeah, dood, she did such a colossal job the first time, huh?
@73 Let's break it down: as of 2009, the median income in Seattle was 40k/year for individuals, 60k for households.
Prob with that sentence is it doesn't figure in all those no longer employed over the past few years --- which would dramatically shrink that stat!
@88, Mr. BS --- you’re right dood, everyone should be a derivatives dealer at JPMorgan Chase or currency trader at BofA.
You're getting screwed alright. Just not by who you think you're getting screwed by. Your old landlord was a slum lord.
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That said, Beacon Hill, Georgetown, White Center and South Park anxiously await you with open arms.
Vacancy rates are at 3 percent.
@87,
I'll take that "bad" financial deal if it means never renting from a slumlord again, if it means not having to move every two years due to rent increasing 20 percent, if it means I can hammer a picture hook into the wall without my landlord throwing a fucking shit fit.
If you're not stupid about owning your own place, it is absolutely a better deal than being at the mercy of a landlord.
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PS, I can't believe I can't even find a place within the city limits under 800 dollars. I was paying that for a super nice place on QA in 2008 before the recession really took full force, and now I'm likely to find a shack on the city limits for the same price. It just drives me INSANE when I hear McGinn talk about city development on his KEXP soapbox. Perhaps he should start to read this comment thread.
We can continue to remain powerless moaners while we get screwed back into feudalism, or, we can fight back and insist in changes: tenant laws, rent controls, price increase limitations, etc. ANYONE with me? If so, hit me up at Rents2highSEA@gmail.com
Yes? C'mon, let's fight back!
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That's a relief to hear. Considering how much trouble I've had trying to find parking on capitol hill when I go there, I don't think I'd really want to live there anyways. (Nor will I unless I win the powerball so it's irrelevant)
1. No teeth
2. Nice 'n tight 'til I squirt
3. You swallow, then smile and say, ''Thank you sir, could I please have some more?''
This is Seattle, kid. Now get down there. Time to pay the rent.
http://i.imgur.com/225Ii5z.png
I mean, yes - market forces are real, and if there is someone who will pay more for something than you will, that person will probably get it. Not sure that's a great thing, but it is a thing, and not one for which there's a good solution.
It's kind of astounding on some level that we haven't had a big huge national or international conversation about Where To Put People So Things Still Work. Or actually maybe we did and I just missed it, totally possible. Right now it seems like we're trying to put the population density of the future into the housing spaces of the past, and everyone is shocked - SHOCKED! - when it doesn't work out easy as pie.
The primary function of subsidized housing is to transfer employee costs from the employers to the high end working class people. If not for subsidized housing, the international corporations would have to pay a living wage to their blue collar/white collar employees.
The secondary function . . . minimum wage workers never vote Republican. Communities east of Seattle are happy to vote welfare money to Seattle and cede Seattle to the Democrats if it keeps poor people out of east side neighborhoods.
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Nonsense; Seattle (and many other American cities) have been there before, this is a minor growth cycle compared to some of Seattle's previous booms - eg. post-fire and post-goldrush. Who do you think built all those 1900's apartment buildings - like the one in this story - in the first place and for what reason? Developers; because there was demand; so they could profit from it.
Tenant relocation does not depend on the tenant being low income. Again, see RCW 59 18 085. Not one mention of low-income tenants.
Do you have some real plan for change, or do you just feel like because you're a unique little flower (just like everyone in this city) who has an interest in the art scene that you "deserve" a break? There are quite a few injustices happening over this globe that are slightly more inconvenient and life-affecting than making someone move away from their favorite bars and coffee shops.
Look at what the vacancy rate in this city currently is (around 4.5%, depending on what poll you look at). Demand is increasing. Rent is increasing all over the board, not just in Capitol Hill. While this story is a bit of a shocking increase in rents, it's not like people can't take their business somewhere else, ie other neighborhoods that aren't the hippest, most expensive part of the city. Let 'em have Capitol Hill.
I've been on both sides of it, having a landlord who kept their prices locked way below what the market could've asked, and I've also lived in a building where new management came in and offered me the same product for much more than what I had been paying for it. I moved, and I'm better off for having done it. I found a better place with more space for just a bit more money, and my paycheck didn't end up going to an asshole company who would pull that type of move.
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Wow, this is so horribly tragic. Please regulate this.












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