Problem isn’t housing supply; it’s rent costs

HeraldNet.com
HeraldNet.com - Everett and Snohomish County news from The Daily Herald in Everett, Washington

We have a homeless problem. It seems every city and town has a homeless problem. And yet everywhere you look there are these gigantic apartment complexes being built. We hear on the news constantly that we need more housing. And more money for the homeless. I question more housing. I would bet if anyone did a survey of all these multi-family projects and looked to see just how much vacancy there is in them, they’d be surprised. To my mind, it isn’t lack of housing, it’s the rents that are being charged and increased.

Problem isn’t housing supply; it’s rent costs
Wire Service