Where to live for High Earners Not Rich Yet (HENRYs) in Seattle

[Ashleigh Evans]

All, 

A friend of mine has been living in downtown Seattle with a roommate since 2014. Her roommate is moving out, so she is looking for a new place to live. In my experience, math usually works out so that either renting or buying makes more financial sense. In Seattle, neither is a particularly favorable. 1 bdrms are around 1600-2000, while buying a 1bdrm condo is 350-400K. I’m not sure how to advise. Maybe a 203K loan? She works in Everett, WA.