Buying condo in SLU vs buying house further away from SLU in seattle

Amazon saiyan_87
Nov 3 43 Comments

Working in SLU amazon office. Tc - 145k.
Been paying 1300$ as rent sharing a double bedroom apartment in SLU. Thinking to buy my own condo or house since paying rent seems like just throwing away money. Cant share flat after marriage anyways. Rent is pretty high in SLU area or even close areas , 2200$ for 1bhk , 2600$ for 2 bhk. Can pay upto 2200$ as monthly payments. Should i buy condo in slu or move out of city and buy a house instead for the same range ? Plus i am on H1B so a bit scared of denied extension any year. Any ideas\ideas most welcome. SLU is south lake union area where all/most IT companies are. Will be single person earning.

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TOP 43 Comments
  • How long do you plan to stay in Seattle?
    Nov 3 5
    • Amazon saiyan_87
      OP
      That is the thing. Being on h1b i dont really get to choose as an extension can be denied anytime for whatever fucked up reason. But in an ideal world , i like seattle and would like to live for another 5-6 years
      Nov 3
    • I donโ€™t know anything about the H1B process, but if I wasnโ€™t sure about my work situation I would rent.
      Nov 3
    • OP-What about after 5-6 years? You plan to leave the country if yes then do you plan to rent the place and cover mortgage? If you are not sure about your stay and job then donโ€™t buy!
      Nov 3
    • Intel
      GROV3R

      Intel

      BIO
      Elmo is my roll dawg
      GROV3Rmore
      Given h1b situation I would rent and save and wait. This fallacy of "renting is throwing money away" is ridiculous. every human needs a roof over their head and that costs money. Part of life. Owning is not for every one in every situation. relax. Plus renting gives you freedom in case h1b doesn't work out or job doesnt work out or maybe you meet a mate and he/she already owns a place.
      Nov 3
    • Amazon saiyan_87
      OP
      Yes rent the place and cover mortgage if i leave.
      Nov 3
  • Facebook public2
    Why can you not share a flat after marriage? Don't buy a condo. Don't buy in slu. What's a "bkh"?
    Nov 3 7
    • Amazon saiyan_87
      OP
      Why not buy condo , why not buy in slu in your opinion ?
      Nov 3
    • Verizon Media Igpay
      English?
      Nov 3
    • Facebook public2
      Condos appreciate the slowest, decline the hardest and have hoa (not an opinion). Slu is a super boring and undesirable place to live (opinion).
      Nov 3
    • Google / Eng manoi3
      It's close to work though.
      Nov 3
    • Facebook public2
      Yet another negative, good call.
      Nov 3
  • Google Pay2loser
    Stay in Freemont. It's a 20 min bike ride / bus ride, cheaper rent and good restaurants and bars
    Nov 3 4
    • Amazon saiyan_87
      OP
      Do you suggest a good area/locality to look for condos/houses ?
      Nov 3
    • Google Pay2loser
      Yeah, Freemont
      Nov 3
    • Amazon saiyan_87
      OP
      Thanks.
      Nov 3
    • Google / Eng manoi3
      Freemount
      Nov 3
  • Bhk- bed hall kitchen. 1bhk is 1 bedroom hall and kitchen. 2bhk is 2bedroom, 1 hall and 1 kitchen.
    Nov 3 8
    • I guess this is Bombay / Mumbai thing where flats are norms and having hall, bedroom and kitchen all in one apartment was luxury. In USA we go by number of bed and baths ๐Ÿ˜‰ hope this helps.
      Nov 3
    • Facebook public2
      Ahh, interesting. What do you call a flat without a kitchen or bathroom?
      Nov 3
    • So the optional part is bedroom. Flats without bedrooms are called, one hall kitchen.
      Nov 3
    • Facebook public2
      Oh ok so like a studio. Interesting thanks.
      Nov 3
    • Exactly
      Nov 3
  • Amazon saiyan_87
    OP
    Privacy. Apartments are really congested in SLU or close areas. Bhk is bedroom , hall , kitchen
    Nov 3 4
    • Facebook public2
      How is it different from a bd or bed or bedroom?
      Nov 3
    • Amazon saiyan_87
      OP
      What do you mean ?
      Nov 3
    • Facebook public2
      Usually people are after 1bd or 2bd. How is a bhk different? Why do you care about a hallway?
      Nov 3
    • Google / Eng manoi3
      Usually a hall is a separate room.. like a living room.
      Nov 3
  • What is slu?
    Nov 3 1
    • Amazon saiyan_87
      OP
      South lake union , area in seattle. Edited question
      Nov 3
  • Amazon bruce80
    Condos in SLU start at 500k. I'm not sure it's in your price range
    Nov 3 1
    • Amazon saiyan_87
      OP
      Up to 400k-450k should be fine. Not all seem to start at 500k , may be they are a bit further away.
      Nov 3
  • Amazon / Mgmt funnybone0
    Condo wonโ€™t give you much appreciation. House would. Condo is also harder to rent out to get you breakdeven so if you leave in a year because of H1B, you are screwed with condo.
    Nov 3 1
    • Amazon saiyan_87
      OP
      Why is it harder to rent in your opinion ? I thought there were always new people coming in and they would need a place to rent
      Nov 3
  • Microsoft iamletired
    Most/all tech companies are in SLU? That's new. You won't be able to get a decent house with a $2200 mortgage payment within an hour of work.
    Nov 3 1
    • Amazon saiyan_87
      OP
      Google , fb , amazon i meant.
      Nov 3
  • Zonar kWmF51
    Dm me I can give you the lowdown on condos vs single family and the best places to buy
    Nov 3 1

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