The Seattle Times: Real Estate: Fewer can afford to buy a house in King County, report says
Foreclosures up sharply in state, Seattle area
I’ve been saying this for years. The median home price in Seattle has far eclipsed the median income. This means that it is becoming impossible for people working in the area to actually afford a home. Which either increases the number of people in insane debt and living from paycheck to paycheck or it increases the number of commuters travelling into the city and around the region. This is unsustainable and the Mayor’s response of building condos everywhere isn’t going to fix the problem.