Understanding the back-story of the current apartment construction boom in Seattle helps us understand why people feel so impacted and have become so impassioned about it. This video by Mike Dupre, of Dupre + Scott Apartment Advisors (local multi-family investment research analysts) lays out the detailed data.
Mike Dupre “Once you adjust for the size of the population, although we are seeing a tremendous amount of apartment development currently, and to come, it's relatively the same or even less than we have seen in prior building booms, on a per capita basis.”
Local residents are escalating their position from the old “NIMBY” (Not-In-My-Backyard) to the more passionate and strident “BANANA” position (Build-Absolutely-Nothing-Anywhere-Near-Anyone).