Most Americans don’t live in multi-family housing and the supply of single family houses is not keeping up with demand. Yet housing policy solutions always seem to steer back to multi-family.
Dealers in Fife recorded over a half a billion dollars in vehicle sales in 2019, and the city collected over $1,000 per household in taxes on those sales. In contrast, the adjacent city of Edgewood collected just $11 per household in car sales taxes.
We are starting to see an equalization of rents across the region, with rents falling in expensive areas and rising in less expensive areas. This equalization will be brutal for the lowest income renters.
All of the subregions of the country, including the slow-growing Northeast, saw an increase in single family permits in 2020 over 2019. But, somehow Washington State missed the memo.
In the quest to wean the nation off of fossil fuels, one imperative will remain non-negotiable: people want to stay warm in the winter. Central heat is one of civilization’s greatest achievements, and Americans are not going to give it up.