Posted by: phillipsre | March 1, 2016

Are High End Apartments Making Housing Affordable?

Are newer, high end and luxury apartments making older 20140812-173149-63109873.jpgapartments more affordable? It’s an interesting question posed in this Seattle Times article, but is it realistic? Rents are still higher in the Seattle area than in the surrounding areas, and it is troubling that two buildings next to each other can differ in rent anywhere from $500-$1000, but as the article states, new construction will always age and prices will go down and in the end the older buildings may make rents more affordable for those that need them.

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