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: saving
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Renting in and Around Seattle Still the Smart Financial Move
Let’s take an updated look at some Seattle-area rent vs. buy comparisons to see if the situation has improved at all since we analyized it last summer. Back then, the real-world example I used compared two similar homes in Kirkland. Total monthly costs for the rental were $1,515, while the home for sale would have…
Homebuying Platitudes vs. Reality
This is a post that I originally wrote for the highly-recommended personal finance blog Get Rich Slowly. As such, the style of writing is more geared toward the audience of that site. However, I felt that the post would be of interest to the readers here as well, so I am re-posting it in its…
Saving money is possible
Today, Everett Herald reporter Debra Smith shows how Laura & Jon Ward saved $9,000 by using Redfin. The caveat is that they did most of the legwork in finding their home to buy. How much work would you be willing to do if you could save thousands? Some have the time, some don’t. “Taking $20,000…