To Buy or To Rent…That is the Question

Seattle RentalTo buy versus rent always has been a question generally best answered on an individual’s situation.  It used to be that renting had a stigma attached to it but that is no longer the case.  A recent article looked at the numbers and determined that it is better to buy than to rent in many of the U.S. cities, but Seattle is not one of them.  The article pointed out that it is still “better” to rent in Seattle versus owning.  According to the article, both San Francisco and Seattle are 24 times the annual rent to purchase a home.  So if it costs $1,500/month times 12 months equals $18,000 annual rent.  Thus $18,000 annual rent times 24 equals a purchase price of $432,000.

Invest in Seattle Rental Propery?

The rental market in Seattle has been hot for some time.  Investors are snatching up buildable lots in Seattle and rentals are hard for tenants to find.  I came across this article regarding whether one should purchase rental property.  I found the preamble interesting:

There is, however, one bright spot: the rental market, where demand is up and rents are rising. That’s partly because those foreclosures have turned more than 4 million former homeowners into renters, but also because many other prospective homeowners, worried about losing their jobs or housing prices falling a lot further still, are reluctant to buy now.

But the body of the article was also interesting in deciding whether to invest in residential rental real estate.  If you are interested in buying a Seattle rental property contact a real estate agent.  Ewing & Clark, which I linked, not only represent buyers and sellers but also manages properties.

Invest in Seattle Rental Propery?

The rental market in Seattle has been hot for some time.  Investors are snatching up buildable lots in Seattle and rentals are hard for tenants to find.  I came across this article regarding whether one should purchase rental property.  I found the preamble interesting:

There is, however, one bright spot: the rental market, where demand is up and rents are rising. That’s partly because those foreclosures have turned more than 4 million former homeowners into renters, but also because many other prospective homeowners, worried about losing their jobs or housing prices falling a lot further still, are reluctant to buy now.

But the body of the article was also interesting in deciding whether to invest in residential rental real estate.  If you are interested in buying a Seattle rental property contact a real estate agent.  Ewing & Clark, which I linked, not only represent buyers and sellers but also manages properties.