Deduct the land value % and the amount you have left is your depreciation amount to write off.

After taxes and living expenses there isn't much left. I

I'm hoping that the legislature here (with plenty of representatives that are NOT from super-lefty urban areas)  will be willing to consider that the downsides of allowing rent control would outweigh any benefits long term,  and there are other approaches to ease homelessness and housing availability crunch that should be considered instead (encouraging more housing construction, incentivising and underwriting riskier tenant pools instead of forcing landlords to take them; reinvestment in mental health and drug treatment programs and transitional housing, working with employers to site new job centers in underdeveloped/struggling areas, etc.)I'm certain that if the state constitution is amended Seattle will implement some kind of rent control.  

The only thing left is to compare end taxes which is possible to do.  

Take 36k off the top to cover your excess rent, and you still have your 70k left.  I

Here is the numbers from their website:48 month purchase, $0 down, 0% interest promotion, monthly payment $308, total paid over 4 years $14,784 (no miles limit) total maintenance maybe $600 for those four years.48 month lease, $300 security deposit, monthly lease payment $292, total paid over 4 years $14,016 (limit of 12,000 miles)Looking at Cars.com and searching four year old Kia Rio LX, they are selling for $7000 uses, so in this example after four years, you have paid about the same in both situations, but if you purchase, you own a vehicle worth $7000 that has five years of life left. I

My job I just left, I could have easily stayed had the work been different.

I have a 4/2 SFR in Eagle Rock renting for $3200 last year... jumped to $4200 this year around summertime because my old tenants left ( i had 5 good solid applicants within 5 days it was listed).   

As I walk by the tents on the streets in Cupertino, CA that were not there 2 years ago when I left, I do wonder how people think the many decisions that drive landlords out really help tenants.  

Full disclosure: I am among those hated by many (all) on the left. I