Thread

1. pnw · 1790014780 · focus · HN ↗

   Seattle's push to add additional regulation, compliance, fees and inspections has resulted in an exodus of small landlords, which are down anywhere from 19% to 22% in four years depending on how you slice it, and an explosion in large landlords which are up 77% in the same period.

   The city has basically consolidated the rental market so it works best for large corporations. Was that the intent?

   1. tonyhb · 1790015055 · focus · HN ↗

      Small landlords don't own apartment buildings. They buy houses/units to rent, lowering availability for buyers. So, you'd at least want to look at the number of new apartment rentals available plus the number of first time house buyers to get a better picture.

      1. EA-3167 · 1790015505 · focus · HN ↗

         They don't own the buildings, but it's frequently part of a condo association and they own a unit or two.

         1. tonyhb · 1790017708 · focus · HN ↗

            Yes, this is the same as buying a unit and renting as in my original post.

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