Seattle Times recently told its readers that if they’re hoping Seattle-area rents will get cheap, they better not hold their breath. While the rental market has cooled in recent months, as vacancies and new projects have brought landlords to offer big incentives for tenants, “that doesn’t mean Seattle is suddenly a utopia for apartment hunters. In fact, it is among the priciest cities in the U.S. for renters—having grown 155 percent in twenty years—and steadying prices have come “only after seven straight years of large rent hikes that have made Seattle unaffordable to anyone not making decent money.”
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