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55.00% - More housing supply puts downward pressure on prices â€” Seattle rents keep climbing because demand grows faster than supply.
45.00% - More units of any type â€” luxury or workforce â€” add to the overall housing stock and soften prices region-wide. It works slowly and imperfectly, but that's how supply-side dynamics function.

Argument 737

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Developers prioritize luxury construction first because margins are highest in constrained markets.

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