[krakensden]

Seattle is currently enjoying falling rents, and is the kind of hip coastal city that people care about: http://www.bizjournals.com/seattle/blog/2015/11/bad-timingas...

For more dramatic numbers, including low prices and a booming population for many years, you should look at Houston, Texas, Hero Of Housing Capitalism.

[maxsilver]

> Seattle is currently enjoying falling rents.

But that's not true, according to your own article.

From your link: "in the core of Seattle, rents went up 3.9 percent year-over-year in September."

[krakensden]

The next sentence, about how growth was 8 percent the year before, is also meaningful. This is a better/more clear article on the same thing: http://www.bizjournals.com/seattle/morning_call/2015/12/repo...

> rents dropped this quarter in all but South Lake Union, with the average decline hitting $59 a month. Further, when all of these submarkets are considered, the average vacancy rate increase was nearly a full percentage point.

2015 new construction was huge, the biggest since the late eighties/early nineties, and construction for the next couple years, based on filings, looks like it's going to continue that way. So it's likely that apartment prices will continue fall or hold still.