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(The Center Square) – Housing market experts say rent control is a factor in Seattle having one of the biggest cost gaps between renting and buying. According to a recent study from Bankrate, the Seattle metro area has a buy-rent gap of 119.5%, behind only San Jose (185.6%) and San Francisco (190.7%), two other tech hubs. Sean Flynn, executive director at the Rental Housing Association of Washington, says the tech sector brought more high-wage jobs into Seattle, which drives up the price of homes and mortgages.
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