By The Tim on December 15, 2009
Here’s another new site to add to your list of where to search for rentals in Seattle: Zillow. Zillow announced yesterday that they have added rental listings to their site.
Since this is a brand new feature, and they apparently have not made any partnership deals to pre-seed it with data, there aren’t currently any [...]
Posted in News | Tagged buy-vs-rent, Dupre+Scott, rent, Zillow
By The Tim on December 14, 2009
I thought it might be useful to visualize just how much the government is involved in the housing market. Let’s look at how much a homebuyer receives via capital gains tax excemption for home sales, mortgage interest deduction, deductability of points paid on mortgage, and first-time buyers tax credit over 5 years, 15 years, [...]
Posted in Features | Tagged buy-vs-rent, government_meddling, rent, tax credit
By The Tim on October 14, 2009
Let’s try another rent vs. buy exercise to see if “all the excesses have already been removed” as some have claimed. Rather than delve into depth on a specific randomly-selected Seattle-area neighborhood, let’s instead look at what a specific type of house might cost you in multiple Seattle-area neighborhoods to rent vs. how much [...]
Posted in Features, Neighborhoods, Statistics | Tagged buy-vs-rent, Neighborhoods, price-to-rent, rent
By The Tim on August 31, 2009
Please consider the following excerpt from a post I wrote that was originally published on the personal finance blog Get Rich Slowly (and later here):
…if home buying is like a savings plan, it’s probably the worst savings plan on Earth. Would you voluntarily sign up for a savings plan where well over half of the [...]
Posted in Features | Tagged bought at the peak, buy-vs-rent, equity, fundamentals, mythbusting, rent, saving, Stock Market
By The Tim on August 20, 2009
In their latest issue TIME Magazine declares that in many cities, price-to-rent ratios indicate that buying a home has become a better deal than renting for the first time in years… but not yet in Seattle: Is Owning a Home Better Than Renting?
“A year ago, it was a better deal to rent,” says Andres Carbacho-Burgos, [...]
Posted in News | Tagged buy-vs-rent, Economy.com, price-to-rent, Time
By The Tim on June 9, 2009
One of the reasons we would often hear people use to justify overspending on a home during the bubble was that they wanted to stop “throwing away money” on rent.
I would hope that by now most people have realized how ridiculous that concept is, but I thought it might help dispel the notion if we [...]
Posted in Features | Tagged buy-vs-rent, mythbusting, rent, throwing away money
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