Buy house in Seattle?
Can afford like, 700k or so. Given stock / tech / crypto performances is it even worth the hassle? My rent is low so I don't need a house, purely for investment.
I would try Kirkland area or Redmond. It’s super close by and you get a bigger bang for your buck.
Redmond is more expensive than many Seattle areas! ROFL. Which age are you in?
And kirkland is more expensive than Redmond, except for some neighbourhoods.
Lyft office is in downtown Seattle no?
Yes. What's the benefits to occupying vs renting? If I'm going to occupy I'd like to have a decent commute and if renting would like to be no further than Tacoma
Not recommend buying a condo in downtown Seattle though, esp if you are renting out, won’t get much return (price to rent ratio is pretty bad here). With 700k budget you can probably get a townhouse in Ballard, or easily get a condo in Queen Anne which is an easy commute to downtown
Bigger bang for your buck in Redmond? A ramshackle hut in Redmond costs an arm. Not sure how that is best bang for your buck.
Haha! Compared to Bay Area, it’s the best bang for the buck 😂
Seattle real estate is a great investment in my experience. Are you looking for returns through price appreciation only? Or also throw cash flow eg rental income? The latter involves more work but can help balance out a portfolio of tech / Bitcoin.
Seattle real estate has gotten quite expensive recently. I anticipate some correction in short term but good for long term appreciation.
Given the new tax laws buy a house < 500k loan
750k is the limit
Oh I thought I read 500. Good to know
Go for small rentals in the city. Smart Growth and the anti-private property Communitarian movement will gets its goals accomplished via taxes. The dont want us in the country owning land. Thats for communal farming just like the soviets
We bought our condo in Seattle bc rent was going to be almost as high as mortgage. We paid a humongous price per sf and one year later my condo is worth even more. Like everything in real estate: location. Location. Location. Look for high demand areas.
@metaBar I have a great real estate agent in Seattle if you need any recs. PM for details
Just me living with my girlfriend