By The Tim on January 29, 2010
J.D. Roth over at Get Rich Slowly put up a post Wednesday about renting vs. buying, sort of a follow-up to my 2007 post over there. In it, he said that he couldn’t find any info on current price-to-rent ratios around the country, so I thought I would update the list I put up back [...]
Posted in Statistics | Tagged Get Rich Slowly, income, price-to-income, price-to-rent, rent, top-25
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 it [...]
Posted in Features, Neighborhoods, Statistics | Tagged buy-vs-rent, Neighborhoods, price-to-rent, rent
By The Tim on September 24, 2009
Building on the data that was presented yesterday, here’s a sortable table of some more detailed housing stats for the 25 largest US cities by population. Included below are population, density, median sale price, median price per square foot, median rent, median household income, median list price, and some ratios of sale prices to rents [...]
Posted in Statistics | Tagged income, price-to-income, price-to-rent, rent, Seattle_is_special, Statistics, top-25
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 [...]
Posted in News | Tagged buy-vs-rent, Economy.com, price-to-rent, Time
By The Tim on August 14, 2009
Here’s an update to the area-wide price-to-income and price-to-rent ratio charts we first posted back in April. These charts are based on per capita income, “Median Contract Rent” (from 2005 adjusted using the “rent of primary residence” component of the CPI), and Case-Shiller home prices indexed to the county-wide median. They are not intended to [...]
Posted in Statistics | Tagged affordability, fundamentals, income, price-to-income, price-to-rent, rent
By The Tim on April 2, 2009
Inspired by this post from Rich Toscano down in San Diego showing that home prices there have reached historically reasonable levels when compared to rents and incomes, I thought I would put together some similar charts for Seattle to see how close we are to reasonable home prices. Here’s the chart for home prices to [...]
Posted in Statistics | Tagged affordability, fundamentals, income, price-to-income, price-to-rent, rent
