Comments

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…
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.
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?
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?

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