Renting v. Buying

Based on Zillow’s metric that calculates when buying or renting is more financially advantageous, renters have the edge in several major cities?  The calculation compares the net costs of buying a house with the costs of renting the same home.  Per Zillow’s “breakeven horizon metric” it takes 4.3 years on average to break even in Seattle.  Of major metropolitan centers, only New York City took longer with five years to break even.  In Parkland Zillow says it takes 2.3 years on average and in Yarrow Point they project it will take 5.8 years to break even.

http://www.zillowblog.com/2013-03-13/top-10-big-cities-where-renters-rule/

Yes - No - Maybe

About Coldwell Banker Bain Property Management

As residential property managers for Coldwell Banker Bain Property Management Division, we manage single family residences, individual condominium units and small apartment complexes in the greater Puget Sound region. We serve Seattle, Tacoma, Anacortes, Marysville, Bainbridge Island, Lynnwood, Everett, Redmond, Bellevue and many other cities in Washington State. We also offer full service commercial property management.
This entry was posted in Did you know... and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s