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Old 07-25-2019, 07:27 AM
 
Location: Seattle
8,171 posts, read 8,301,458 times
Reputation: 5991

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New article about recent Seattle area rental market costs/trends..https://www.google.com/amp/s/www.sea...ck-up/%3famp=1
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Old 07-25-2019, 09:14 AM
 
Location: In a perfect world winter does not exist
3,661 posts, read 2,947,010 times
Reputation: 6758
In other words. I am here hit my profile. I have many listings atm.
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Old 07-25-2019, 09:22 AM
 
Location: Seattle
8,171 posts, read 8,301,458 times
Reputation: 5991
Quote:
Originally Posted by 87112 View Post
In other words. I am here hit my profile. I have many listings atm.
Dead wrong, bro. Loads of renters come to town, looking for places. Some people rent, some people buy, that's just the way it is. This article is actually pretty damn relevant information.
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Old 07-25-2019, 11:01 AM
 
Location: West Coast
1,889 posts, read 2,200,054 times
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Curious what’ll happen with buyers, seems like it cooled off but I didn’t think that would be permanent, at least not yet
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Old 07-25-2019, 11:30 AM
 
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,585 posts, read 81,186,228 times
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For renters, the bargains of 2017 provided a way for many to afford apartments, so over the year they filled up. That created the current shortage that drives the prices back up. We might expect the same in home prices, when they drop, those people priced out before start to buy, and eventually there is another shortage.
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Old 07-25-2019, 11:55 AM
 
Location: Kirkland, WA (Metro Seattle)
6,033 posts, read 6,148,398 times
Reputation: 12529
Quote:
Originally Posted by homesinseattle View Post
Dead wrong, bro. Loads of renters come to town, looking for places. Some people rent, some people buy, that's just the way it is. This article is actually pretty damn relevant information.
I have some pals coming into Kitsap soon, will be interested in rentals out there 'round Port Orchard. A bit outside 'Seattle' though so may move further inquiries to WA C-D....that market is a related, yet different, animal me thinks.

Interesting, though. I think the economic term is 'inelasticity,' that being the gap between demand increase, building more housing (couple years later), filling that capacity, then renewed demand. I think of a long multi-year rubber band-like effect.
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Old 07-25-2019, 01:09 PM
 
Location: King County, WA
15,838 posts, read 6,543,563 times
Reputation: 13333
Yep, mine just went up about $90/mo.
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Old 07-25-2019, 01:58 PM
 
Location: Seattle
5,117 posts, read 2,162,800 times
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Quote:
Originally Posted by Hemlock140 View Post
For renters, the bargains of 2017 provided a way for many to afford apartments, so over the year they filled up. That created the current shortage that drives the prices back up. We might expect the same in home prices, when they drop, those people priced out before start to buy, and eventually there is another shortage.

Not to mention higher property taxes being assessed. Landlords just pass the buck on to the tenants....
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Old 07-25-2019, 05:12 PM
 
905 posts, read 1,103,020 times
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Not a surprise at all. Mine went up a few months ago.

What really ups the ante this time though is that during that mild slowdown, let's just say it feels like places like Tacoma have been "discovered". You can't really go there for a significant discount anymore..
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Old 07-25-2019, 07:26 PM
 
Location: Seattle
8,171 posts, read 8,301,458 times
Reputation: 5991
Quote:
Originally Posted by Flightoficarus87 View Post
Not a surprise at all. Mine went up a few months ago.

What really ups the ante this time though is that during that mild slowdown, let's just say it feels like places like Tacoma have been "discovered". You can't really go there for a significant discount anymore..
Everett too, rents way up.
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