Good reminder on locking in the lease. And thanks for starting a thread. I hope to see more threads from insiders.
What do you think about the possibility of lower rents? I’ve read that as housing prices decline, rents go up. Susan Bies, Fed Res governor, said the rising rents will show up in the CPI.
My landlord wants to be in it for the long term. He will rise out any declines in the market. So if rent goes down, I will be better off to go month-to-month. But if he thinks of selling, I’m better off with a lease.