5 ms·
Rent is still less than 1/3 of post tax income most places if you have a high paying tech job. Also you can always downsize on stuff to save on floorspace.
by sharker8 4y ago
Rent is still less than 1/3 of post tax income most places if you have a high paying tech job. Also you can always downsize on stuff to save on floorspace.
- uptownfunk 4y agoYeah I rent in a neighborhood and my rent is a third of the equivalent mortgage. The downside is that you miss out on the annual appreciation. If you invest what you save in paying down a mortgage the market you can actually make more than what you’d make on the rental appreciation. Still I think there’s an intangible value to owning your own house and keeping that in the family, especially once you have kids / grandkids.
- granshaw 4y agoNot to mention being in control of what you can do and when you move (if ever)
- coolbreezetft22 4y agoYeah that's the point - new families now have to either: a) rent b) downsize significantly c) stretch their budget. While 6-10 years ago a house in Sammammish or Issaquah was easily attainable