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The Looming Housing Crisis in Seattle: How Policy, Costs, and Supply Shocks Are Driving Rent Skyrocketing
The housing market in Seattle is facing an unprecedented crisis driven by a confluence of factors that threaten to make rental properties increasingly scarce and unaffordable. A recent analysis reveals that the supply of new apartments has plummeted by 66%, a figure that portends significant problems ahead for renters and the overall housing landscape.