Perverse Sentimentalism Part 3: How We Might Get Rent Control

You’ll hear a lot of people hand wave the notion that Seattle will get rent control anytime soon. Even the legislative proponent, Representative Nicole Macri, says she thinks it will be a struggle. But here’s how it might play out. My job is to worry about the worst case scenario. Here’s the worst scenario I […]

On the Radio: $73 Million for 148 Units at Magnuson

Last Wednesday morning I was on the radio with Dave Ross talking about Mercy Housing $73 million rehab of 148 units at Building 9 of the decommissioned United States Navy barracks at Magnuson Park. Here’s Mercy Housing’s description of the project: Building 9 will offer 148 apartments for working families and small households in the […]

Mandatory Inclusionary Zoning Isn’t Just Bad Economics, It is Bad Design

If I’ve told you once, I’ve told you a thousand times: trying to make something cheaper by making it more expensive to produce is folly. More specifically, trying to make housing less expensive by adding fees, fines, and inclusionary requirements the way the City’s proposed Mandatory Inclusionary Zoning (MIZ) scheme does won’t make housing less […]