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Seattle to vote on funding for social housing (developing housing that would be cost-controlled and owned by taxpayers) (www.seattletimes.com)

submitted 1 day ago by [email protected] to c/seattle

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On ballots that went out last week, voters have two choices to make to determine the future of Seattle’s newest plan for housing.

The first is whether the developer should be funded at all. The next choice — regardless of the previous answer — is how.

Option 1A is with a new employer tax on all salaries over $1 million a year. Backers hope the 5% tax would raise as much as $50 million a year to be spent on buying and, eventually, developing housing that would be cost-controlled and owned by taxpayers.

Option 1B is to fund the developer with $10 million a year in existing city funding — specifically the city’s JumpStart tax on large corporations in Seattle.

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[–] MothmanDelorian 1 points 4 hours ago (1 children)

I did and I don’t believe you are correct as average rent in Seattle hasn’t declined as a result of these policies.

[–] [email protected] 0 points 4 hours ago (1 children)

Oh cool, thats wonderful, the only thing impacting the housing market that's changed in 30 years is the MHA MFTE program, the entire rest of the economy just stayed perfectly static.

Population hasn't grown, wealth disparity hasn't grown, construction costs are the same, the unemployment rate never changed, zoning laws are the same, the tech sector is still as small.as it was in 96, no neighborhoods have gentrified, covid never happened, nope, everything affecting housing is all down to a single experimental variable and everything else is a control variable.

Did not realize I was actually talking to a clown.

Honk honk!

[–] MothmanDelorian 1 points 3 hours ago

In a clown because I don't believe ypu have proven that rent control has worked? If it had rent should have stabilized lower income housing which it did not. There should be more available affordable housing and there isn't.

You haven't proved anything. You have made ton of unsupported claims entirely constructed on "trust me bro". Do you have any idea how any of this works?