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Diego Mamani
ParticipantInflation over the next 10 years will be significantly higher than over the last 10. That means that your rental income will go up susbtantially, while your mortgage payment will remain fixed. My advice is to keep it as long as the cash flow is positive and the upkeep is not much of a headache.
When I was a grad student in L.A. in 1995-1997, I used to rent a 2-BD apartment for $850 in a small 12-unit building. The rent was a little below market for the area, but that was the landlady’s strategy for retaining tenants with low turnover. At some point she decided that management was too much work for her and sold the building.
I recentlty checked what those units rent for today, and they go for $1500! She should’ve held the building for longer!
In your case, there’s going to be a “hot” real estate market sometime in the next 10 or 15 years (just like we had in ’79, ’89, and ’05). You can sell it then at a really handsome profit.
ParticipantInflation over the next 10 years will be significantly higher than over the last 10. That means that your rental income will go up susbtantially, while your mortgage payment will remain fixed. My advice is to keep it as long as the cash flow is positive and the upkeep is not much of a headache.
When I was a grad student in L.A. in 1995-1997, I used to rent a 2-BD apartment for $850 in a small 12-unit building. The rent was a little below market for the area, but that was the landlady’s strategy for retaining tenants with low turnover. At some point she decided that management was too much work for her and sold the building.
I recentlty checked what those units rent for today, and they go for $1500! She should’ve held the building for longer!
In your case, there’s going to be a “hot” real estate market sometime in the next 10 or 15 years (just like we had in ’79, ’89, and ’05). You can sell it then at a really handsome profit.
ParticipantInflation over the next 10 years will be significantly higher than over the last 10. That means that your rental income will go up susbtantially, while your mortgage payment will remain fixed. My advice is to keep it as long as the cash flow is positive and the upkeep is not much of a headache.
When I was a grad student in L.A. in 1995-1997, I used to rent a 2-BD apartment for $850 in a small 12-unit building. The rent was a little below market for the area, but that was the landlady’s strategy for retaining tenants with low turnover. At some point she decided that management was too much work for her and sold the building.
I recentlty checked what those units rent for today, and they go for $1500! She should’ve held the building for longer!
In your case, there’s going to be a “hot” real estate market sometime in the next 10 or 15 years (just like we had in ’79, ’89, and ’05). You can sell it then at a really handsome profit.
ParticipantInflation over the next 10 years will be significantly higher than over the last 10. That means that your rental income will go up susbtantially, while your mortgage payment will remain fixed. My advice is to keep it as long as the cash flow is positive and the upkeep is not much of a headache.
When I was a grad student in L.A. in 1995-1997, I used to rent a 2-BD apartment for $850 in a small 12-unit building. The rent was a little below market for the area, but that was the landlady’s strategy for retaining tenants with low turnover. At some point she decided that management was too much work for her and sold the building.
I recentlty checked what those units rent for today, and they go for $1500! She should’ve held the building for longer!
In your case, there’s going to be a “hot” real estate market sometime in the next 10 or 15 years (just like we had in ’79, ’89, and ’05). You can sell it then at a really handsome profit.
Participant[quote=bearishgurl]flu, this is a very profound, truthful statement as to Asian values, and coming from a presumed “Asian,” to boot. Not to be “stereotyping,” (nothing wrong with it) but . . . . absolutely true . . . all of it. Thanks for your honesty, flu![/quote] And I thought FLU was writing in jest! I’m sure he can lecture us on the meaning of 750i, and that he has no tacky furniture in his house (which he didn’t pay a million for!)
🙂
Participant[quote=bearishgurl]flu, this is a very profound, truthful statement as to Asian values, and coming from a presumed “Asian,” to boot. Not to be “stereotyping,” (nothing wrong with it) but . . . . absolutely true . . . all of it. Thanks for your honesty, flu![/quote] And I thought FLU was writing in jest! I’m sure he can lecture us on the meaning of 750i, and that he has no tacky furniture in his house (which he didn’t pay a million for!)
🙂
Participant[quote=bearishgurl]flu, this is a very profound, truthful statement as to Asian values, and coming from a presumed “Asian,” to boot. Not to be “stereotyping,” (nothing wrong with it) but . . . . absolutely true . . . all of it. Thanks for your honesty, flu![/quote] And I thought FLU was writing in jest! I’m sure he can lecture us on the meaning of 750i, and that he has no tacky furniture in his house (which he didn’t pay a million for!)
🙂
Participant[quote=bearishgurl]flu, this is a very profound, truthful statement as to Asian values, and coming from a presumed “Asian,” to boot. Not to be “stereotyping,” (nothing wrong with it) but . . . . absolutely true . . . all of it. Thanks for your honesty, flu![/quote] And I thought FLU was writing in jest! I’m sure he can lecture us on the meaning of 750i, and that he has no tacky furniture in his house (which he didn’t pay a million for!)
🙂
Participant[quote=bearishgurl]flu, this is a very profound, truthful statement as to Asian values, and coming from a presumed “Asian,” to boot. Not to be “stereotyping,” (nothing wrong with it) but . . . . absolutely true . . . all of it. Thanks for your honesty, flu![/quote] And I thought FLU was writing in jest! I’m sure he can lecture us on the meaning of 750i, and that he has no tacky furniture in his house (which he didn’t pay a million for!)
🙂
ParticipantAs said on the article, “Chinese Mom” lives in New Haven, CT. She and her husband are both professors at Yale Law School.
I think her article was designed shock, to elicit controversy, and therefore to increase sales of her book of the same topic. I’d like to know how she managed to get this ‘infomertial’ at the WSJ!
ParticipantAs said on the article, “Chinese Mom” lives in New Haven, CT. She and her husband are both professors at Yale Law School.
I think her article was designed shock, to elicit controversy, and therefore to increase sales of her book of the same topic. I’d like to know how she managed to get this ‘infomertial’ at the WSJ!
ParticipantAs said on the article, “Chinese Mom” lives in New Haven, CT. She and her husband are both professors at Yale Law School.
I think her article was designed shock, to elicit controversy, and therefore to increase sales of her book of the same topic. I’d like to know how she managed to get this ‘infomertial’ at the WSJ!
ParticipantAs said on the article, “Chinese Mom” lives in New Haven, CT. She and her husband are both professors at Yale Law School.
I think her article was designed shock, to elicit controversy, and therefore to increase sales of her book of the same topic. I’d like to know how she managed to get this ‘infomertial’ at the WSJ!
ParticipantAs said on the article, “Chinese Mom” lives in New Haven, CT. She and her husband are both professors at Yale Law School.
I think her article was designed shock, to elicit controversy, and therefore to increase sales of her book of the same topic. I’d like to know how she managed to get this ‘infomertial’ at the WSJ!
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