The Clouse Corner: Can I Make Money Owning a Condo?

Recently Brennen got asked an interesting question, “how much money will I make buying a Seattle Condo, historically speaking, versus continuing to rent?” It’s a good question, and doesn’t just apply to Seattle, so we are breaking it down on this week's Clouse Corner. Hello listeners! We talk a fair bit about renting versus buying on this show. Check out our past episode on that subject if you want to know more. But basically we tend to favor buying, surprising literally no one. But it’s not just because we are in the real estate game. The fact is: If you live in an area (like Seattle) where equity is steadily growing, if you can afford to buy and are instead renting you’re leaving money on the table. How much money? That’s what we are going to answer this week. We are breaking down how much money a condo owner would have hypothetically made if they had sold a condo in Seattle after owning it for 3,4, and 5 years. That’s right, they all would have made money. So, if you’re asking yourself, “can I make money owning a condo?”, the answer is a resounding, “Yes!” But if you want to know just how much you’ll have to listen to the episode. Just a quick disclaimer: These numbers are drawn from historical data in Seattle over the last 5 years and though they are comparable to other in demand housing markets nothing is guaranteed. If you want to know more about a specific market or neighborhood in Seattle reach out to us and we would be happy to get you the information you need! Instagram Facebook Twitter Also online at: TheClouseGroup.com Thanks for listening! Our Opening theme: “Inspired” By Kevin Mcleod (incomptech.com) Other music (in order used): “Low Life High Life” By Dan Henig “Ruination 2” By Vibe Mountain “We Don’t Know How it Ends” By Lee Rosevere (leerosevere.bandcamp.com) Music obtained and Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/