SPOKAN, WASHINGTON – The New York Times covers the housing crisis in Spokane.
On Sunday, the national newspaper devoted an entire article to the issue, calling the article “The next available city is already too expensive.”
“Being ‘this’ place was something Spokane leaders had long hoped for,” the article said. “The city and its metropolitan area have spent decades trying to convince other professionals and businesses that this would be a great place to relocate. Now their wish has been fulfilled, and the city is struggling with the consequences. “
The city’s housing crisis is visible in the numbers. In the first eight months of 2021, five percent of Spokane homes sold for less than $ 200,000. Five years ago, that figure was 52 percent.
“Just a few years ago, the middle-income Spokane family could afford about two-thirds of the homes on the market, according to Zillow. Housing prices have now risen by 60 percent over the past two years, raising prices for the general population and fueling an escalation of the housing crisis, marked by resentment, fights over zones and tents, ”the article reads.
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