I was unable to purchase a condo in Bellevue
What I'm specifically worried about for the future of Bellevue is that it's going to meet it's housing requirements through rental properties in high-rises, instead of medium-density purchasable properties. Owning property is one of the main ways that low-income families can accumulate wealth, but right now the city doesn't really have any affordable properties, because so much of it is million dollar+ single-family detached housing. A 3-story condo building or a line of townhomes is massively denser than detached housing, while being much cheaper to construct per unit than a high-rise, thus allowing for lower-income families to own their own homes instead of sinking their paycheck into rent year after year.
Thank you for your contribution!
Help us reach out to more people in the community
Share this with family and friends