Why would anyone pay this much rent? They could easily afford their own house if they had that kind of money.... https://www.zillow.com/homedetails/710-8th-St-S-Kirkland-WA-98033/129557707_zpid
Maybe they want to stay only for 1-2 years. Buying doesn't make sense in this case
Not terrible if you actually need that much space but personally no. A bit too expensive, even if the location is pretty good
Multiple tech bros dividing their rent so they can LeetCode together in the living room
It sold for $1669000 in 2016 Assuming it hasn't appreciated a cent and 30% down at 7% it's still cheaper to rent then just the mortgage itself lol
I can think of a few reasons, but like liz232 said, the mortgage payment would be substantially higher with current valuation and interest rates if you were to buy this home now. Even with 20 percent down (which would be close to $600k), the mortgage payment is between 15and 20k a month depending on taxes and insurance. Maybe someone would rather invest that 600k somewhere else until interest rates cool off a bit. Or maybe they know theyll be moving in 3-5 years and would rather not deal with the hassle of buying and selling something.
lol no.
If I’m only gonna be here for like 1 year to give WA a test try. Why not?
They started at 8500, might. Go down further
For the same price, I can rent an ok 2-bed or baller 1-bed in Manhattan!
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The mortgage is double of the rent for this
This.
More than double. This house is easily 2.8 million. With 20% down, one will pay about 17k mortgage including tax.