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: rent
It’s a Great Time to Rent
Here’s another new site to add to your list of where to search for rentals in Seattle: Zillow. Zillow announced yesterday that they have added rental listings to their site. Since this is a brand new feature, and they apparently have not made any partnership deals to pre-seed it with data, there aren’t currently any…
Quantifying Cumulative Government Kickbacks for Homebuyers
I thought it might be useful to visualize just how much the government is involved in the housing market. Let’s look at how much a homebuyer receives via capital gains tax excemption for home sales, mortgage interest deduction, deductability of points paid on mortgage, and first-time buyers tax credit over 5 years, 15 years, and…
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…