There has been a bit of talk in the last few days about a New York Times story published on Tuesday that once again revisits the subject of buying vs. renting: In Sour Home Market, Buying Often Beats Renting In some once bubbly markets, prices have fallen so far that buying a home appears to…
Tag: buy-vs-rent
Poll: What’s the top reason you want to buy a house?
This poll will be active and displayed on the sidebar through 04.10.2010.
It’s a Great Time to Rent
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…
Quantifying Cumulative Government Kickbacks for Homebuyers
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, and…
Rent vs. Buy Comparisons: Have the excesses been removed?
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 it…