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Condominiums, which in some cases sell for $800,000 each, stand across the street from a building owned by Mike Frost, who said that he tried to provide relatively affordable units, in Seattle?s Capitol Hill neighborhood on Feb. 3, 2024. As housing costs soar, Washington state wants to limit annual rent increases to 7 percent, which would make it just the third state, after California and Oregon, to adopt rent regulations. (Grant Hindsley/The New York Times/Fotoarena)
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