More on rising rentsThursday, June 18th, 2015
There seem to be daily articles on rising rents and the link below is to another on the Capitol Hill blog. To me, this seems to be a problem often discussed in entry level economics classes, supply isn’t meeting demand. Demand to live in places like Capitol Hill is greater than it was 3, 5 or 10 years ago. Millenials wanting to0 “live in close”, coupled with a strong Seattle economy, are driving demand faster than new supply. And, unfortunately many of the long-time residents of these newly popular, or more popular, neighborhoods are getting squeezed.