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Fun With Statistics

The FYI Guy presented an eye-opening stat yesterday, that Seattle now has the smallest percentage of "severely rent-burdened households" among major U.S. cities. Only one in five Seattle renters pay more than half their income. That seems to fly in the face of what we've been hearing about rising rents. Well, therein lies the rub. It turns out that Seattle rents have gotten so high and so many people have looked elsewhere to find a place to live, that there's just less severely rent-burdened renters in Seattle in general. [FYI]