Saturday, October 18, 2014

The great unequalization: Seattle shows the way to the past.

Before WW2 when 75% of all Americans lived below the poverty line boarding houses and dorms for working adults were common. Today rich and oh so hip cities like Seattle are going back to poverty housing in a big way. Except the poverty housing in Seattle is seriously expensive.  And what's cool is that the real estate owners whose monopolistic, rent seeking "smart growth" practices have driven the cost of housing sky high have conned their children into thinking that depression Era  squalor at $822 a month represents a (as the benighted dear in this piece puts it) "sweet deal". And no Seattle is not the fastest growing city or metro area in America no matter what this credulous "journalist" says. And it will grow progressively slower as it continues down its "smart" growth (really no growth) path.

But mom 'n dad are getting rich off their real estate so it's all good. Right? I mean screw the kids - if they want to rip somebody off they should get their own kids. 

Of course I have no idea how they're going to fit them into their "sweet" dorm room.

More travesty at the link.

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