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Center on Wealth & Poverty

The Mission of Discovery Institute’s Center on Wealth & Poverty is to apply the perennial truths of economics and ethics to the urgent challenges of today. We are building a sustained argument against the progressive ideological regime that increasingly dominates America’s institutions and rebuilding the foundation of the nation’s first principles: freedom, equality, charity, and the pursuit of happiness for all. Read more.

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Seattle Overregulation is Driving Out Affordable Rentals

The number of registered rental properties in Seattle has declined consistently since 2019.  This according to a December 2023 audit by the Seattle City Auditor titled Understanding Seattle’s Housing Market Shift from Small to Large Rental Properties. The audit was performed at the request of several councilmembers in hopes of explaining a decrease in rental properties registered with the city. The audit relied on data derived from the Rental Registration and Inspection Ordinance (RRIO) passed in 2012, which requires all rental properties to register with the city and undergo regular inspections to “ensure basic safety maintenance requirements are met.” Although the inspection goal evidently isn’t being met, RRIO provides useful data on rental market trends in Seattle.

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