Up In Smoke: Seattle Favors Money Supply Over Housing Supply
Somehow, growing up in the 1970s and 80s, I missed seeing any Cheech and Chong movies. But not that long ago, I watched some clips of the duo in action. I think they are adequate mascots if not analogs for Seattle’s political class. After wrenching more than $750 million for housing, local tubthumpers want more with a scheme they’re calling “social housing.” The proposal is delusional at best and fraudulent at worst; simply put, Seattle hasn’t shown it knows what to do with money for housing and it already has public development authorities that build housing. From my Forbes post:
There have been numerous efforts and schemes to shake more cash out of the economy for housing, most of them have been implemented, yet the media, activists, and local government in Seattle have yet to ask, “Where did all that money go?” or “Wait, did all that money we poured on the problem end homelessness or lower prices?” Perhaps now Seattle voters will demand answers to these questions and deny a place on the ballot for the measure this fall until answers are given.
Where Did All The Money Go? ‘Social Housing’ Proposal In Seattle Is Redundant
Seattle has been smoking lots of pot lately, and maybe that accounts for the madcap way the community and politicians have been rolling up the hundred dollar bills for their blunts, fantasizing about and maybe even believing that housing is somehow happening because cash has been squeezed from every conceivable source for it. Maybe elected leaders and the Seattle Times reporters who “report” about housing think the Keebler Elves are hard at work building housing somewhere that will solve the crisis.
Anyways, it’s been a spell since I have posted here and I thought this topic appropriate. Don’t look for any investigative journalism from the whiz kids at the Seattle Times either. My guess is that we might have hit peak Seattle on housing funding and people will finally give a thumbs down to this latest adventure of our local woke Robin Hoods. Maybe all that legalized pot people in town have been eating and smoking is wearing off. We’ll see.
