Threatened By Rising Housing Prices, Some SeaTac Homeowners Fight Back
SeaTac housing isn’t cheap. The median rent in the city surrounding the Seattle-Tacoma airport is more than $2,000 a month, according to one real estate website. That’s in King County, where median home prices are around $625,000.
This makes mobile homes some of the few affordable housing options in the area, Marketplace reports.
The land those mobile homes are on could be worth a lot more to the owners if it was developed into apartment complexes or hotels, leaving families — about 9,000 households — at risk of homelessness. But some mobile home owners have found an option that could let them stay.
They’re banding together to buy the land their homes are on.
Residents of Duvall Riverside Village, a mobile home park in SeaTac, formed a non-profit organization to collectively buy their land. They now pay dues to the non-profit, and run the park along with a board of directors, allowing homeowners to make their own financial decisions about park management.
Madalyn Asker and Amanda Eller stand in the frame of the first of six houses being designed and built by University of Idaho students. Listen… Continue Reading Local Organization Pairs With University Of Idaho To Build Affordable Housing
Tacoma’s Hilltop neighborhood is a place where generations have raised families, where small businesses have blossomed and where art intersects with your local corner mart. But it’s also a neighborhood where residents have faced systemic racism in the form of redlining, where the FBI monitored the sidewalks in the late 90s, and where gentrification is displacing longtime residents. Continue Reading Pushing Back On The Gentrification Of The Hilltop
Last year, investors accounted for 1 in 5 starter-priced homes, according to data released by CoreLogic on Thursday. The rate of investor purchases of starter homes has been rising and has nearly doubled since 1999. Continue Reading 1st-Time Homebuyers Are Getting Squeezed Out By Investors