Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Seattle Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

14
Posts
5
Votes
Vic V.
5
Votes |
14
Posts

Too much housing in Seattle? Rent vs buy doesnt make sense?

Vic V.
Posted

Apologies if the title sounds controversial but I'm trying to understand the real estate market in the Seattle eastside area. Especially with relation to single family homes. I see that home prices in the Redmond- Kirkland- bellevue Area are in the 900k to 1.2M mark and maybe more depending on the exact schools but the rents for similar homes in the area are < 3000 per month. Assuming a 20 % down on the range above,  most buyers will be looking at about 4-4.5K in mortgage expenses.  To put it naively why arent more people just renting ? Especially with all the new construction happening.

Most Popular Reply

User Stats

706
Posts
2,310
Votes
Michael Haas
#3 New Member Introductions Contributor
  • Real Estate Agent
  • 🌧️ Seattle Investor & OG HouseHacker | 🤑 Helped 90 Clients HouseHack | 🏘️ Own 17 Rentals & 5 Airbnbs | 🏗️ Built 5 DADU's
2,310
Votes |
706
Posts
Michael Haas
#3 New Member Introductions Contributor
  • Real Estate Agent
  • 🌧️ Seattle Investor & OG HouseHacker | 🤑 Helped 90 Clients HouseHack | 🏘️ Own 17 Rentals & 5 Airbnbs | 🏗️ Built 5 DADU's
Replied

@Vic V. the Juanita neighborhood is similar to Bothell, and significantly less expensive than Kirkland-Redmond-Bellevue. Your calculations take rents for a cheaper neighborhood and sale prices from a more expensive one, warping your results. 

business profile image
HouseHack Seattle
5.0 stars
65 Reviews

Loading replies...