[jseliger]

It's mostly tech money and foreign investors.

No: It's mostly about supply not meeting demand. See http://jakeseliger.com/2015/09/24/do-millennials-have-a-futu... or http://www.amazon.com/TheRent-Too-Damn-High-Matters-ebook/dp....

[mdorazio]

Seems like two sides of the same coin. Demand outstripped supply because of the influx of tech workers and foreign investors. If not for that, the city wouldn't need more housing supply.

[coredog64]

Demand has been outstripping supply in the Puget Sound area for a long time.