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Response to DENVERPOPS (Reply #11)

Fri Oct 15, 2021, 03:41 PM

12. Seattle is in the apartment phase

A friend who lives in an older section of Seattle has noticed the value of her home has decreased on property tax assessments and the value of land is increasing. I think this might be the gift to developers who will tear down the house.

Where I live on the Olympic Peninsula in Washington the cash buyers get the houses and the working people are getting manufactured home parks. They will not build much equity in the home and the land is leased. The latest is that these developers may sell to investment firms who can raise rents, reduce amenities, and possibly close the whole

As Chris Hedges has said - capitalism is the commodification of everything.

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Replies to this discussion thread
Arrow 13 replies Author Time Post
Yo_Mama_Been_Loggin Oct 2021 OP
NurseJackie Oct 2021 #1
DENVERPOPS Oct 2021 #8
Hugh_Lebowski Oct 2021 #2
KT2000 Oct 2021 #3
alwaysinasnit Oct 2021 #5
DENVERPOPS Oct 2021 #11
LineLineLineLineNew Reply Seattle is in the apartment phase
KT2000 Oct 2021 #12
DENVERPOPS Oct 2021 #13
jimfields33 Oct 2021 #7
alwaysinasnit Oct 2021 #4
multigraincracker Oct 2021 #6
tulipsandroses Oct 2021 #9
Midnight Writer Oct 2021 #10
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