Talk to just about anyone about local real-estate prices and there’s a good chance you’ll hear this: Seattle is becoming the next San Francisco.
Sure, housing prices and rents are skyrocketing here, but are we really doomed to a fate where million-dollar homes and $5,000-a-month rents will soon be the norm?
Don’t count on it. Seattle is nowhere near catching up to San Francisco’s brutal housing market, the data and interviews with experts show. And Seattle is unlikely to get there anytime soon — if that’s any consolation.