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EconProf
ParticipantYou are behind.
You are earning 3.5% per year and losing 5% on your principal, so you are losing 1.5% per year.
This ignors compounding and also state and federal income taxes, which can be important as well.ParticipantYou are behind.
You are earning 3.5% per year and losing 5% on your principal, so you are losing 1.5% per year.
This ignors compounding and also state and federal income taxes, which can be important as well.ParticipantYou are behind.
You are earning 3.5% per year and losing 5% on your principal, so you are losing 1.5% per year.
This ignors compounding and also state and federal income taxes, which can be important as well.ParticipantHow does your raised rent compare with comparable rents for your neighborhood? In other words, is the proposed rent above or below the fair market rent for your unit? Do some research.
You say you’ve been there 5 years. Is that without a rent increase? If so, maybe you are due for one. Again, look at rent comps. (Your landlord probably did).
Above all, don’t move out of spite…you could be hurting yourself as well as your landlord.
I once heard of a tenant who had lived in an Ocean Beach house for 6 years paying the same rent to a Mom and Pop owner. The owners raised the rent by about 10% so the tenant said screw you, and moved. Turns out the rent would have to double to meet the market, which the owners promptly did once the angry tenant left.ParticipantHow does your raised rent compare with comparable rents for your neighborhood? In other words, is the proposed rent above or below the fair market rent for your unit? Do some research.
You say you’ve been there 5 years. Is that without a rent increase? If so, maybe you are due for one. Again, look at rent comps. (Your landlord probably did).
Above all, don’t move out of spite…you could be hurting yourself as well as your landlord.
I once heard of a tenant who had lived in an Ocean Beach house for 6 years paying the same rent to a Mom and Pop owner. The owners raised the rent by about 10% so the tenant said screw you, and moved. Turns out the rent would have to double to meet the market, which the owners promptly did once the angry tenant left.ParticipantHow does your raised rent compare with comparable rents for your neighborhood? In other words, is the proposed rent above or below the fair market rent for your unit? Do some research.
You say you’ve been there 5 years. Is that without a rent increase? If so, maybe you are due for one. Again, look at rent comps. (Your landlord probably did).
Above all, don’t move out of spite…you could be hurting yourself as well as your landlord.
I once heard of a tenant who had lived in an Ocean Beach house for 6 years paying the same rent to a Mom and Pop owner. The owners raised the rent by about 10% so the tenant said screw you, and moved. Turns out the rent would have to double to meet the market, which the owners promptly did once the angry tenant left.ParticipantHow does your raised rent compare with comparable rents for your neighborhood? In other words, is the proposed rent above or below the fair market rent for your unit? Do some research.
You say you’ve been there 5 years. Is that without a rent increase? If so, maybe you are due for one. Again, look at rent comps. (Your landlord probably did).
Above all, don’t move out of spite…you could be hurting yourself as well as your landlord.
I once heard of a tenant who had lived in an Ocean Beach house for 6 years paying the same rent to a Mom and Pop owner. The owners raised the rent by about 10% so the tenant said screw you, and moved. Turns out the rent would have to double to meet the market, which the owners promptly did once the angry tenant left.ParticipantHow does your raised rent compare with comparable rents for your neighborhood? In other words, is the proposed rent above or below the fair market rent for your unit? Do some research.
You say you’ve been there 5 years. Is that without a rent increase? If so, maybe you are due for one. Again, look at rent comps. (Your landlord probably did).
Above all, don’t move out of spite…you could be hurting yourself as well as your landlord.
I once heard of a tenant who had lived in an Ocean Beach house for 6 years paying the same rent to a Mom and Pop owner. The owners raised the rent by about 10% so the tenant said screw you, and moved. Turns out the rent would have to double to meet the market, which the owners promptly did once the angry tenant left.ParticipantRussell is on to something. A lot of us made money on the runup, and lost it (or a lot of it) on the downturn. Picking the top is almost impossible, and those who claim to have sold out then are often exaggerating. Identifying the bottom is equally difficult, witness the heated exchanges going on now about today’s market. It is safe to say, however, that the euphoria at the top is hard to fight–it is rare for someone who has just made a huge sum of money to pick up their chips and walk away.
ParticipantRussell is on to something. A lot of us made money on the runup, and lost it (or a lot of it) on the downturn. Picking the top is almost impossible, and those who claim to have sold out then are often exaggerating. Identifying the bottom is equally difficult, witness the heated exchanges going on now about today’s market. It is safe to say, however, that the euphoria at the top is hard to fight–it is rare for someone who has just made a huge sum of money to pick up their chips and walk away.
ParticipantRussell is on to something. A lot of us made money on the runup, and lost it (or a lot of it) on the downturn. Picking the top is almost impossible, and those who claim to have sold out then are often exaggerating. Identifying the bottom is equally difficult, witness the heated exchanges going on now about today’s market. It is safe to say, however, that the euphoria at the top is hard to fight–it is rare for someone who has just made a huge sum of money to pick up their chips and walk away.
ParticipantRussell is on to something. A lot of us made money on the runup, and lost it (or a lot of it) on the downturn. Picking the top is almost impossible, and those who claim to have sold out then are often exaggerating. Identifying the bottom is equally difficult, witness the heated exchanges going on now about today’s market. It is safe to say, however, that the euphoria at the top is hard to fight–it is rare for someone who has just made a huge sum of money to pick up their chips and walk away.
ParticipantRussell is on to something. A lot of us made money on the runup, and lost it (or a lot of it) on the downturn. Picking the top is almost impossible, and those who claim to have sold out then are often exaggerating. Identifying the bottom is equally difficult, witness the heated exchanges going on now about today’s market. It is safe to say, however, that the euphoria at the top is hard to fight–it is rare for someone who has just made a huge sum of money to pick up their chips and walk away.
ParticipantThe mayor is yet another liberal who has been mugged by reality. We’ve seen more and more lately.
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