Sean Keeley at Curbed Seattle has a post called 6 Charts that Show Seattle Needs More Micro-Apartments. The post takes some existing charts and puts them together to illustrate the point that more and more people are living alone. That makes it impossible to share rent costs. That means that building new housing that accommodates that demand is going to be imperative to keep prices down. Based on one of his charts:

There’s a good 200K Seattleites who might be willing to trade space for lower cost of living. And clearly, given the never-ending list of new microhousing projects around town, we haven’t met demand yet.

But, as we’ve pointed out, angry neighbors get their way supply will go down and we’ll get fewer units. That just means higher prices.