4 ms·

$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

• Domenic_S 13y ago
  For 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=&region_id=16163&region_type=6&market=seattle http://www.redfin.com/city/16163/WA/Seattle/real-estate#!max...
• r00fus 13y ago
  Rents 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 ago
    Are rents higher than mortgages on comparable properties in SF and Seattle? In NY the mortgages are even worse.