Sara Backus - Realtor, John L Scott Portland Central
4 months ago
The math doesn’t lie. Sometimes waiting costs more than buying.
Portland home prices have averaged 4–6% appreciation a year. Average rent in PDX? Around $1,650–$1,700 (per Redfin).
Here’s the math: Buy today: $600,000 home @ 6.25% = $3,695/mo . Wait 2 years for 5% rates → that same home now $661,500 @ 5% = $3,552/mo
You “saved” $143/month but lost $61,500 in equity and $40,000 in rent you’ll never see again. Net loss: $101,500 to “save” $143/month.
Let's run the numbers together.
Portland home prices have averaged 4–6% appreciation a year. Average rent in PDX? Around $1,650–$1,700 (per Redfin).
Here’s the math: Buy today: $600,000 home @ 6.25% = $3,695/mo . Wait 2 years for 5% rates → that same home now $661,500 @ 5% = $3,552/mo
You “saved” $143/month but lost $61,500 in equity and $40,000 in rent you’ll never see again. Net loss: $101,500 to “save” $143/month.
Let's run the numbers together.
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