That's what Nat Bosa shares as part of his rationale for the 41-story, twin tower, Insignia condo project currently under construction in the Denny Triange which will start marketing next summer.
Check out the BizJournal article summarizing some of Bosa's other remarks here. Also, here's my own previous interview with Dennis Serraglio, head of sales and marketing for Insignia.
By Wendy Leung with Seattle Condo Review: A guide to Seattle Condos and Seattle Belltown Condos exclusively for buyers and sellers.
I think Nat Bosa is right. It is in fact a gutsy move, but one that will pay off in a few years.
Seattle’s economy is strong. Rents are rising to the level where it will be cheaper to own than rent. Demand is already picking up and it will continue to pick up.