A Seattle friend reports: “This year is the start of an unprecedented wave of change in our neighborhoods.”
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Why in Seatlle but not Vancouver ? Lower land prices ? Easier lending environment ? Less regulations ? How is Seattle different than Vancouver ? Less attractive to foreigners’ money ? Higher rents ? More well paying jobs ? Better zoning ? What can Vancouver learn from Seattle ?
I don’t see a Green glass beige brick building in site
Roughly twice the land area and the same size population, ergo less dense overall. Not the whole answer, but a partial one. I think Seattle, like Beijing, also has rules that restrict flipping, or “investment”, as we call it here.
Does Seattle have an ALR?
All of the state of Washington has a growth management strategy requirement for each jurisdiction, including school districts. I understand from a fellow planner that this law has helped perverse ag land, albeit in a different way than through an ALR.