Lately I’ve been considering growth. Seattle’s been growing in a huge number of ways: jobs, cost of living, rents, population. This growth changes things: traffic, greater economic fragility, more economic stress on nearly everyone. I
I read an article yesterday saying that San Francisco’s poverty line income was a bit above $114k. Seattle is getting close.
With this growth and pressure on finances, I see this region’s density increasing. I expect the single family home will slowly vanish as land costs continue to climb. Eventually, multi-family will be the only way to earn enough return on land investment for builders.
I expect well see lots of Seattle neighborhoods becoming predominantly multi-family, actually a region of apartments condos stretching from the center out to the burbs.
I do wonder if there’s an equilibrium. Will we get to a point where things will stabilize?
What do you think? I’d love to hear your thoughts in the comments.
