Greater Seattle Area - What is your budget for buying a house?
So expensive...
What’s a good area for families that’s less than one million and is a decent commute?
Plenty in the city proper under 800-850 - look around Green Lake, Maple Leaf, Ravenna, Phinney Ridge - quite happy with the schools and the bus commute is usually under 25 min door to door.
To Seattle? To Redmond? It, like most other locations, is about an hour to get to Redmond (Microsoft).
Scale back expectations- you don’t really need that new build 3000 sqr ft McMansion
Don’t tell me what I need and don’t need and I’ll avoid doing the same to you too.
Don't tell us what to tell you!!!
Buy something small, live in it for a few years and trade up . That’s the way to build wealth
there are still lots of options less than a million. Redmond/Kirkland is nicely located and you can find good homes for less than a million. Depending on what you consider a decent commute, Bothell may also be an option where it will be far less than a million, of course depending on how big your castle needs to be. Btw, my wife is a realtor in this area with a team that has more than 20 years of experience, so feel free to pm me if you want to get connected for a no obligation chat about options.
Majority of houses in Bothell are reaching 1M
It’s basically $1M - 1.25M, unless you want to live in a shanty.
I'm not buying here. I'd saving funds by living in a small apt with kids in good school district, then leaving once done with high school.
You can still find good places in the 800-900 range in North Seattle.
Bought in N Seattle 2 years ago for $1M. Now $1.5M just on appreciation. Damn good appreciation and like others have pointed out, mortgage+taxes is no more than rent would be.
Correction, Seattle is still very cheap (by bay comparison) which is why we all buy as many Seattle houses as possible!
Compared to where? Bay area?
See "by bay comparison" above lol
I bought my house for $450k 15 years ago. Now it’s yours for $2million. Ha! Thanks Amazon!
If you had put it on the s&p500 then you would have 1.53M, just talking earnings, no dividends. Add the interest and taxes you were paying and it's probably even. But you got a roof over your head.
Except he probably paid only 20% down payment and had federal tax deductions all these years for mortgage interest and property tax. If he's married, he can sell with 500k of the gains completely tax free. Plus not paying rent for 15 years