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by poulsbohemian
1663 days ago
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Tangential thought here: Today it’s fashionable to say that the reason for Seattle area housing costs is “Amazon,” so why wasn’t it the same thing in the 90s with Microsoft? My guess is that it’s a difference of scale: that back then there was still room to build on the eastside, and now it’s not just Microsoft yielding high incomes and wealth, but also Amazon, Google, Facebook, and others. Still, interesting to ponder the real role of these companies in housing costs (since that’s the knee-jerk assumption) |
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Before Microsoft, for example, Kirkland was where you bought a house if you didn't have much money. Microsoft built their campus next door, and that was the end of cheap Kirkland real estate.
Housing prices were closely related to commuting distance from the campus.