Threatened By Rising Housing Prices, Some SeaTac Homeowners Fight Back
SeaTac housing isn’t cheap. The median rent in the city surrounding the Seattle-Tacoma airport is more than $2,000 a month, according to one real estate website. That’s in King County, where median home prices are around $625,000.
This makes mobile homes some of the few affordable housing options in the area, Marketplace reports.
The land those mobile homes are on could be worth a lot more to the owners if it was developed into apartment complexes or hotels, leaving families — about 9,000 households — at risk of homelessness. But some mobile home owners have found an option that could let them stay.
They’re banding together to buy the land their homes are on.
Residents of Duvall Riverside Village, a mobile home park in SeaTac, formed a non-profit organization to collectively buy their land. They now pay dues to the non-profit, and run the park along with a board of directors, allowing homeowners to make their own financial decisions about park management.
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