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…
Tag: price-to-rent
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…
Housing Stats: Seattle vs. Other Big Cities
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…
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…
Improvement in Seattle Home Prices vs. Economic Fundamentals
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…