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Wednesday, October 23, 2019

'Who is buying Seattle?': New report issues warnings on Seattle's luxury housing boom - seattlepi.com

'Who is buying Seattle?': New report issues warnings on Seattle's luxury housing boom - seattlepi.com: Seattle 's luxury housing boom will worsen inequality and affordability in the city, according to a new report, which calls for officials to require more transparency on who is actually buying luxury real estate in the area.
The report -- "Who is Buying Seattle? The Perils of the Luxury Real Estate Boom for Seattle," from the Program on Inequality and the Common Good at the Institute for Policy Studies -- studied eight luxury condominium buildings with units that have an average taxable property value of $2 million.