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…
Tag: buy-vs-rent
TIME: Renting Still a Better Deal in Seattle
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…
“Throwing Away Money”
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…
News Roundup: Time to Rent, Tax Credits, Indices…
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…
To Buy or Rent – Not Just an Emotional Decision
Here’s an interesting piece that ran in the Seattle Times today: To rent or to buy? The story of two couples The decision to sell their house and go back to renting has meant more time and even more money for Jill and Dan Keto and their family. … “The point is, putting money into…