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The question of whether a mayoral candidate can influence Seattle’s high housing costs has sparked a lively debate. The initial assertion is that a mayor has no power to lower housing costs, as these are determined by supply and demand, particularly in a city with a high demand to live and high-paying tech jobs.
Answers from Social Media
The discussion on Reddit presents varied perspectives. One user points out the high construction costs in Seattle, stating that building an apartment costs around $400 per square foot, which increases to $550 when you factor in additional costs like design, permitting, financing, and fees. This excludes land acquisition costs, making the development of affordable housing a challenging task…