The Seattle Times has had a good handful of real estate stories in the last few days, but none of them have been interesting enough to merit their own post. However, now that I’ve got a little collection of them in the inbox, here’s a roundup with snippets from all four. Jane Hodges, Buying on…
Tag: rent
Tired Stereotypes About Renters
You’ve heard these stereotypes about renting, circulated by people and organizations with a financial interest in selling you a mortgage: Renting is for poor people. and, Renters don’t get involved in their community. Here’s a specific example of these arguments, courtesy of the NAR: Low- and moderate-income families, as well as minorities, are the groups…
Renting in Seattle "may make economic sense"
Finally some semi-useful information out of Dupre + Scott. Mr. Cohen reports on the “1-19 Unit Report” just released by Dupre + Scott in this terrifying tale of skyrocketing rents and plummeting vacancies: Rental houses get scarce, expensive The good news for people who cannot afford to buy a house in Seattle is that it…
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…
Rent vs Purchase: Help Me Compare Costs
A few days ago, Rhonda over at RCG made a post titled The Great Rent vs. Own Debate in which she attempted to prove that even in today’s totally out-of-whack housing market, purchasing a home is still a better financial decision than renting. Obviously I disagree with her assessment. The main problem I have with…