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by vkou 2139 days ago
> By contrast, Seattle has been building to keep up with demand and has been able to manage prices much more effectively.

Do you live in Seattle? Because that's not what anyone who lives here who is not making a tech salary thinks.
1 comments
NotSammyHagar 2139 days ago
There is enough new housing here that apt buildings went down in monthly cost last summer. People keep moving here so house prices have been stubbornly resilient.
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rtlfe 2139 days ago
According to this, Seattle rents doubled from 2010 to 2016 and have been fairly flat since then. SF seems to follow basically the same curve: up 1.5x from 2010 to 2016 then flat-ish.

https://www.rentjungle.com/average-rent-in-seattle-rent-tren...

https://www.rentjungle.com/average-rent-in-san-francisco-ren...

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NotSammyHagar 2138 days ago
That about matches this story, but some places had small drops and the hidden price reductions by keeping monthly price high but giving free months. https://www.seattletimes.com/business/real-estate/renter-boo...

Maybe I was too much on the dropping side but the article says prices had been booming like you said for a decade and 10k units were filled and then prices stabilized.

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