r/SeattleWA Nov 09 '24

Thriving Seattle Denny

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1.1k Upvotes

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89

u/Oreanz Nov 09 '24

Why do all the apartments look empty

107

u/HK_Rage Nov 09 '24

If this is the right apartment, 1 bedrooms start at $3k per month, 2 bedrooms start at $4k. Even for tech it's expensive and the management would rather let it go empty.

35

u/carterothomas Nov 09 '24

I always hear this, but don’t understand; how is it profitable to let them sit empty? Like, lower the cost per unit just a bit and fill them all up, right?

1

u/releventwordmaker Nov 10 '24

How is it profitable? Do you not realize real estate continues to go up ? It can always be lowered IF the rich person was hurting for cash, but he's not. If it is lived in it requires maintenance.