Does the drop in home prices we have seen so far make the current real estate market affordable? Do prices that have dropped ten percent represent a great buying opportunity? Long-time Seattle Bubble regular Eleua takes on these questions and more with his “House Valuation Workshop,” using his native Bainbridge Island as a working example….
Author: Eleua
Rent vs Purchase: A Comparison
Also posted at Priced Out Forever. Buy If You Must. Why Must You Buy? by guest poster Eleua (with contributions and spreadsheets by Tim) Click here to download the Excel Spreadsheet that the numbers below are based on. I need to take a step back and insert a personal note. While I disagree with the…