4 ms·
Much less than 6 months of a mortgage in Seattle, no? Or have I been spending too much time in New York?
by mathattack 13y ago
Much less than 6 months of a mortgage in Seattle, no? Or have I been spending too much time in New York?
- bentcorner 13y ago$833/month mortgage gets (I think) about $150k for a 25 year fixed rate loan. It's not impossible to get a home for $150k in Seattle, but your choices are very limited.
- Domenic_S 13y agoFor the curious, 4 results: http://www.redfin.com/city/16163/WA/Seattle/real-estate#!max_price=150000&num_beds=2&excl_ss=true&v=8&sst=®ion_id=16163®ion_type=6&market=seattle http://www.redfin.com/city/16163/WA/Seattle/real-estate#!max...
- r00fus 13y agoRents have been skewing much higher than mortgage costs for some time. I'd guess it's 2-3 mo. of rent, max. In silicon valley it might be 1-2mo. But people often don't think rationally that way (and definitely not all the time). A large lump sum may seem bigger than it actually is. Which is why sales folks often try to peanut butter the costs over a range ("it's the cost of one coffee a day for a month!")
- mathattack 13y agoAre rents higher than mortgages on comparable properties in SF and Seattle? In NY the mortgages are even worse.
- sib 13y agoDon't forget that this offer is for employees in the fulfillment centers, most of which are in areas with very low cost of living.
- mathattack 13y agoTure - this would buy a lot in Iowa or Nevada.
- walshemj 13y agoNot in MK or Bedford which are the two bigest towns near the UK's main distribution hub