Study: 40% of landlords selling or sold Seattle properties because of new rental rules

https://komonews.com/news/local/study-40-of-landlords-selling-or-sold-seattle-properties-because-of-new-rental-rules

http://archive.is/XeZfB

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Rent Control Feeds Inequality in San Francisco

…this study found San Francisco’s rent control reduced the rental housing stock by 15 percent—the rest of the city faced a rent increase of 5.1 percent. That’s the equivalent of $2.9 billion in additional costs to other tenants—a total wash in direct costs and benefits to residents inside or outside rent control’s “protection.” The overall effect, the researchers found, was more gentrification and “a higher level of income inequality in the city overall.”

https://reason.com/archives/2018/05/25/rent-control-feeds-inequality

http://archive.is/da40Z

Want a home in Seattle area? You’ll need an $11,000 raise

“Households now need a record $93,400 annual income to afford monthly payments on the median house in the Seattle metro area”

“That figure is up from about $82,000 a year ago — a level that already exceeded the region’s actual median household income of $78,600 last year.”

https://www.seattletimes.com/business/real-estate/seattle-area-homebuyers-needed-11000-pay-raise-in-past-year-to-keep-up-with-rising-prices/

http://archive.is/fq8y1