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by ken 2707 days ago
This is basically the Invisible Hand, and I don't see it. Seattle (at least anywhere within 30 minutes of downtown) is being taken over by tech workers making huge salaries. They're building condos, not stores. The stores that are being built are high-revenue specialty stores, like cannabis.

When transportation becomes impractical, it first becomes impractical from the bottom (like artists and service workers) -- the rich will always find a way, whether it's paying hundreds of dollars a month (no exaggeration) for parking, or using delivery services for every meal.

This isn't causing grocery stores to be built and public transit to be improved. It's pushing everyone making less than $100K to pack up and move 30 miles away. High-paid tech workers often get subsidized transit, but most other jobs do not.

Seattle is turning into Manhattan, only without any of the services (everything shuts down at night!) that allow Manhattan to work. Even apart from the temporary 99 closure, this is not sustainable.

1 comments

It's illegal to build multi-family housing in 95% of Seattle's residential area; that's not a very invisible hand.