KING 5 Story: Is Washington State’s Non-Profit Housing System Fair and Efficient?
People make mistakes. Things get confused. The media can sometimes put a headline into circulation before a situation is resolved. I say these things before I mention a story that aired on KING 5 about a couple very highly placed in state government that apparently owns a subsidized condominium in Bellevue. I feel sorry for […]
Do the Math: Cutting Police, Pay, and Budgets Would Yield 137 Units, Someday, Maybe
Here we go again. Yet another proposal to flush more cash into “affordable housing.” Notice that the press and the proponents never ask and never offer what the money will buy. Performance artist and sometimes City Councilmember Kshama Sawant now wants to make big budget cuts, including to the police force, to give $48 million […]
The Economics of Contamination: Another Cost Driver for Housing
As I pointed out on the Seattle Channel for buildings needing seismic upgrades, what drives the use of a site or buildings is the economics of the site. That’s different than the oft cited “profit” that activists for the status quo site as the motivator for use. There must be a return for investors. That’s […]
