Lawsuits, Land Prices & WA State Condo Laws all to Blame for Rising Condo Costs in Seattle?
I’ve been saying for years, that one way our city and state can help address affordable housing within our skyrocketing condo market, is to address the issue that developers are afraid to build condos! Why are they afraid? Because they know they are going to get sued by the HOA’s, and to prepare for that, they have to pad the development budget by driving up the cost of the condo units to make up for the expense.