by Markor » Sun Dec 16, 2007 10:36 pm
None (really).
Here's what's going to happen on the Eastside: Microsoft will add 3,000+ new employees there in the next year or two. Most will not make enough to afford a house, so they'll rent. That will put upward pressure on rents. If rents rise then there will be upward pressure on house prices. Prices could still fall, due to bubble popping, increased rental supply, etc. But a fall is less likely, and a rise more likely, with each new below-average-wage worker added in a given time period.