Careful, you’re bringing facts to an opinion fight.
The parent is wrong, and is cherry-picking data. Seattle rents may have gone down “recently”, but they’ve been amongst the fastest-rising rents in the US until about a year ago. They’re far higher than they were a few years ago, let alone a decade ago.
Also, saying that prices are lower than San Francisco is utterly meaningless. San Francisco is a different economy. It was more expensive than Seattle twenty years ago, and it’s more expensive now. You can’t make the comparison without controlling a bunch of variables.
I'm genuinely confused as to why you're being downvoted. I live in Seattle, having bought a couple of houses in the last 10 years, watching the market pretty carefully and you aren't wrong. This is one of the most expensive markets in the country.... fourth or fifth. It's kind of ridiculous. The "drop" is in the last 3 years after a 12 year steep rise, and it's not even really a drop, more of a leveling off instead of a continued steep incline. A lot of that has to do with over investment in companies buying properties for apartment complexes, on speculation that population growth would continue at a steady rate instead of curve like real world models.
The phrase “bringing facts to an opinion fight” is no more or less an “insult” than saying that your argument has no factual basis. People just don’t like to be told that they’re wrong, they really don’t like to be told so in a pithy way, and pearl-clutching provides an easy way to justify censorship.
The parent is wrong, and is cherry-picking data. Seattle rents may have gone down “recently”, but they’ve been amongst the fastest-rising rents in the US until about a year ago. They’re far higher than they were a few years ago, let alone a decade ago.
Also, saying that prices are lower than San Francisco is utterly meaningless. San Francisco is a different economy. It was more expensive than Seattle twenty years ago, and it’s more expensive now. You can’t make the comparison without controlling a bunch of variables.