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Economy

pscot

(21,024 posts)

4. Most new construction around Seattle is high end housing

Reply to marmar (Original post)

Wed Dec 23, 2015, 02:23 PM

Dec 2015

And that seems to be saturated. Nothing much has been built for the 80% who earn less than $50K a year. That doesn't seem like a sustainable model, but income inequality is at the root of it.

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Highlight:

“Sudden Withering Demand” & End of Housing Bubble 2, or just an “Anomaly?” [View all] marmar Dec 2015 OP

Interesting. In addition, according to Census data, PatrickforO Dec 2015 #1

Final note - and we are NOT spending a dime more than usual PatrickforO Dec 2015 #2

The real reason that sales collapsed was that prices are largely becoming unaffordable to most famil jtuck004 Dec 2015 #3

Most new construction around Seattle is high end housing pscot Dec 2015 #4