Seattle’s housing market is the hottest in the nation. To afford monthly payments on the median house in the Seattle metro area, a household needs a record $93,400 in annual income, according to a recent story in the Seattle Times. That’s up $11,000 from just a year ago. The average renter, meanwhile, now spends over 30 percent of their income just to keep a roof overhead. It’s great news for landlords and developers — but what about the increasing number of Seattleites for whom the rent is just too damn high?
Panelists:
Tyrone Beason (Moderator)
Kathleen Hosfeld
Estela Ortega
Roger Valdez
Inye Wokoma
Recorded live during the Crosscut Festival. Read more at http://crosscut.com/tag/crosscut-festival/