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 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
By The Tim on May 28, 2009
Here are a few relevant news stories that have popped into my inbox in the last few days:
Money Magazine: When it makes sense to rent (Seattle is #1—woo!)
Seattle P-I: Tax credit down-payment plan waiting for IRS
Seattle P-I: Dueling indexes: How much are Seattle-area house values down?
USA Today: Condo market fights to recover as prices remain [...]
Posted in News | Tagged buy-vs-rent, CNNMoney, Cohen, condos, link_roundup, rent, Seattle_PI, tax credit, USA_Today
By The Tim on April 26, 2009
Please vote in this poll using the sidebar.
This poll will be active and displayed on the sidebar through 05.02.2009.
Posted in Polls | Tagged Polls, rent
By The Tim on April 24, 2009
I received this rental negotiation success story from a reader via email, and thought it was worth sharing:
As a long time reader of your Seattle Bubble Blog, I knew that rents on their way down in King county. My Equity Residential owned apartment building in Redmond has experienced some huge increases in recent years, causing [...]
Posted in News | Tagged reader_stories, 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 per [...]
Posted in Statistics | Tagged affordability, fundamentals, income, price-to-income, price-to-rent, rent
Recent Comments