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Originally Posted by mhays
The only way developers can build at the low end is micros. The City has been putting roadblocks up for those too.
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Who told you micropods the only way to get affordable housing? Please provide a link.
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As for the rest, yes the standard 600 sf, $1,700 one-bedroom in West Seattle isn't cheap. But when development outpaces demand, older buildings tend to stay cheaper.
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New construction raises the rent ceiling. Old bldgs mostly follow suit. That's why rents are rising overall in the Seattle rental market.
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Seattle will never be truly cheap, but buildings from the 70s and 20s are usually a lot cheaper than new construction. What does any of this have to do with my point? Adding fees makes new construction more expensive, which means less of it, which means more competition and higher prices for those older units too.
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Adding fees allows a fund to be created and leveraged. Its one way to get affordable housing built.