38
A downtown Seattle office tower is set for housing conversion
(www.seattletimes.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 21 Aug 2024
38 points (100.0% liked)
Seattle
1910 readers
1 users here now
A community for news and discussion of Seattle, Washington and the surrounding area
founded 2 years ago
MODERATORS
3rd and Union?
Yeah, just outside of the angle of this shot are more than likely a significant number of homeless people.
And this is not going to be a homeless shelter, its gonna be extremely expensive apartments, with 10% of units aimed at people earning less than $84k, meaning a rent of about $2.3k for a studio.
What a bargain!!!!
More housing is still more housing. Let's not let perfect be the enemy of good.
People would move in vacating other apartments, so I agree this should still help
Prices reflect supply. The more apartments there are available, the less landlords can get away with charging very high rent.