#1,078 - Seattle Housing Crisis: Over 3,000 Rental Properties Lost in a Year

News For Reasonable People

English - April 19, 2022 10:00 - 18 minutes - 14.2 MB - ★★★★★ - 7 ratings
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Seattle has lost nearly 3,000 rental properties between May of last year and January of 2022. Those properties constitute roughly 10,000 units in total. Since May, only 27 rental units were added.

Jim Henderson with the Rental Housing Association of Washington attributes the loss to a growing number of rental protection laws, making it harder and more expensive to own rental property in Seattle.

Henderson says instead of improving conditions for renters, all the laws are limiting options and raising rental prices.

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