An article from the Seattle Times reports that Tacoma has achieved the highest rate of financially strapped homeowners in any large Washington state city. Tacoma homeowners are more likely to be “house poor” and living beyond their means compared to any of the other cities in the state. This fact still remains despite Tacoma having less-expensive homes and lower housing costs than Seattle.
“We have a lot of people who come down from Seattle, and we have a lot of people coming from California looking to live in an affordable place with amenities close to Seattle,” said Tacoma native Dave Jones, owner of a Windermere Abode office in Tacoma.
Read more about this phenomenon on the Seattle Times website.
