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The reluctance of builders and developers to operate in such an environment will continue to depress the housing supply, making affordability a distant dream for many residents. Meanwhile, the persistent push for policies that increase taxes and regulations appears to be pushing more residents and businesses into neighboring states with more favorable policies.
Conclusion: The Cost of Progressive Policies
Washington state's current economic scenario is a cautionary tale of what happens when progressive policies dominate decision-making without adequate regard for unintended consequences. The high gas prices, unaffordable housing, rising homelessness, and declining economic vitality are all interconnected facets of a systemic issue rooted in policy choices.