Archive

Jenny Hendrix

17 August 2011

The April 2008 issue of Forbes included Seattle in its list of “recession-proof” cities, citing manufacturing growth and declining unemployment. Amazon and Microsoft were still hiring. But that May something strange happened—with three new condo buildings in progress in South Lake Union, Vulcan rolled out an incentive program, offering to pay part of the closing cost for current renters who’d like to buy. More…