Thank you for helping us spread the word about the new IPS report “Who is Buying Seattle? The Perils of the Luxury Real Estate Boom”. Please use the hashtag #WhoIsBuyingSeattle when sharing with your community.
Below are some sample social media posts. Check out the key findings and full report.
A new IPS report #WhoIsBuyingSeattle by @inequalityorg looks at where hidden wealth meets Seattle’s luxury housing by taking a snapshot of luxury condos and their ownership and occupancy trends. Share on Twitter
New report looks into 8 luxury buildings totaling 1,635 residential units with an average value of $2 million – 23x higher than Seattle’s median household income and 28x median black family’s income #WhoIsBuyingSeattle Share on Twitter
12% of the units highlighted in our #WhoIsBuyingSeattle report are owned by LLCs or trusts that obscure the real owners and beneficiaries. In one building it’s as high as 47%. Share on Twitter
A new IPS report by @inequalityorg found 47% of the units at the 99 Union condominium development are owned by trusts, trustees, LLCs, and corps. Only 19% were owned by registered voters. #WhoIsBuyingSeattle? Read more: https://inequality.org/great-divide/who-is-buying-seattle/ Share on Twitter
New analysis on Seattle luxury real estate: The more expensive the unit, the more likely it’s owned by a trust or LLC. 3% of LLCs owning Seattle luxury properties are organized in Delaware, the premiere secrecy jurisdiction in the U.S. #WhoIsBuyingSeattle? https://inequality.org/great-divide/who-is-buying-seattle/ Share on Twitter
Comparing property ownership to voter records: out of the 1,635 units highlighted in new #WhoIsBuyingSeattle report, only 39% of owners are registered to vote at the property — 40% lower than Washington State as a whole. https://inequality.org/great-divide/who-is-buying-seattle/ Share on Twitter
Over 1,640 new luxury Seattle condos will hit the market next year. Who will buy them? Sign the petition to tell Seattle policymakers: protect current residents and increase transparency to find out #WhoIsBuyingSeattle https://inequality.org/great-divide/who-is-buying-seattle/ Share on Twitter
