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EconProf
ParticipantRead your lease very carefully. It may say that the lease reverts to month-to-month if neither party gives notice. If nothing is mentioned, then you are entitled to leave at or before the end of the lease with no further obligation. If you are already staying there past the lease expiration, you are by your actions agreeing to stay as a tenant.
EconProf
ParticipantRead your lease very carefully. It may say that the lease reverts to month-to-month if neither party gives notice. If nothing is mentioned, then you are entitled to leave at or before the end of the lease with no further obligation. If you are already staying there past the lease expiration, you are by your actions agreeing to stay as a tenant.
EconProf
ParticipantRead your lease very carefully. It may say that the lease reverts to month-to-month if neither party gives notice. If nothing is mentioned, then you are entitled to leave at or before the end of the lease with no further obligation. If you are already staying there past the lease expiration, you are by your actions agreeing to stay as a tenant.
EconProf
ParticipantA lot of the ethnic conclusions we are making are due to the self-selection aspect of immigration. The personality of those who emmigrate differs from those who stay, leading to erroneous conclusions about nationality being overly important. The Chinese are the entrepreneurial class in much of southeast Asia, but they were the adventuresome and ambitious ones who took chances by leaving their homeland. Economist Thomas Sowell has written a lot about the economic success of Jamaicans, Cubans, and others from the Carribean who find prosperity in NYC. In our southwest, OTOH, we attract the poorest, least-educated Mexicans and Central Americans that are not representative of most citizens of their home countries.
EconProf
ParticipantA lot of the ethnic conclusions we are making are due to the self-selection aspect of immigration. The personality of those who emmigrate differs from those who stay, leading to erroneous conclusions about nationality being overly important. The Chinese are the entrepreneurial class in much of southeast Asia, but they were the adventuresome and ambitious ones who took chances by leaving their homeland. Economist Thomas Sowell has written a lot about the economic success of Jamaicans, Cubans, and others from the Carribean who find prosperity in NYC. In our southwest, OTOH, we attract the poorest, least-educated Mexicans and Central Americans that are not representative of most citizens of their home countries.
EconProf
ParticipantA lot of the ethnic conclusions we are making are due to the self-selection aspect of immigration. The personality of those who emmigrate differs from those who stay, leading to erroneous conclusions about nationality being overly important. The Chinese are the entrepreneurial class in much of southeast Asia, but they were the adventuresome and ambitious ones who took chances by leaving their homeland. Economist Thomas Sowell has written a lot about the economic success of Jamaicans, Cubans, and others from the Carribean who find prosperity in NYC. In our southwest, OTOH, we attract the poorest, least-educated Mexicans and Central Americans that are not representative of most citizens of their home countries.
EconProf
ParticipantA lot of the ethnic conclusions we are making are due to the self-selection aspect of immigration. The personality of those who emmigrate differs from those who stay, leading to erroneous conclusions about nationality being overly important. The Chinese are the entrepreneurial class in much of southeast Asia, but they were the adventuresome and ambitious ones who took chances by leaving their homeland. Economist Thomas Sowell has written a lot about the economic success of Jamaicans, Cubans, and others from the Carribean who find prosperity in NYC. In our southwest, OTOH, we attract the poorest, least-educated Mexicans and Central Americans that are not representative of most citizens of their home countries.
EconProf
ParticipantA lot of the ethnic conclusions we are making are due to the self-selection aspect of immigration. The personality of those who emmigrate differs from those who stay, leading to erroneous conclusions about nationality being overly important. The Chinese are the entrepreneurial class in much of southeast Asia, but they were the adventuresome and ambitious ones who took chances by leaving their homeland. Economist Thomas Sowell has written a lot about the economic success of Jamaicans, Cubans, and others from the Carribean who find prosperity in NYC. In our southwest, OTOH, we attract the poorest, least-educated Mexicans and Central Americans that are not representative of most citizens of their home countries.
January 11, 2011 at 7:04 AM in reply to: What is the equivalent home in San Diego to this $158k home in Austin? #651084EconProf
ParticipantThis house and its carrying costs show us why Californians are moving to Texas in big numbers. Whether you compare living there to San Carlos, El Cajon, or Chula Vista, the cost difference is stark for essentially the same house.
I just called my cousin in Austin for utility costs for the same sized structure. She paid in the $150s per month for electricity and gas in the summer, and pays in the $60s during the winter. Her water and sewage is in the $60s year round.
California’s utility rates per KWH or Gal. are sky high and about to go higher. Proposition 32 will really goose them very soon, since CA is going to solve the world’s global warming problem.
Much is made of Texas’ property tax, which averages about 2 1/2% of property value, vs. CA’s 1.2% on average. But with their property values half or less than ours for a similar structure, it evens out. BTW, when you move to Texas, you pay NO state income tax.
All of the big Texas cities are gaining residents from the rest of the nation, but Austin in particular is desirable because of its universities, the state capital, and more cultural attractions than Dallas, Fort Worth, San Antonio, and Houston. Austin’s unemployment rate is 8.2%, vs. California’s 12% plus, a result of their business-friendly policies.
People and companies are weighing all these factors and voting with their feet.January 11, 2011 at 7:04 AM in reply to: What is the equivalent home in San Diego to this $158k home in Austin? #651152EconProf
ParticipantThis house and its carrying costs show us why Californians are moving to Texas in big numbers. Whether you compare living there to San Carlos, El Cajon, or Chula Vista, the cost difference is stark for essentially the same house.
I just called my cousin in Austin for utility costs for the same sized structure. She paid in the $150s per month for electricity and gas in the summer, and pays in the $60s during the winter. Her water and sewage is in the $60s year round.
California’s utility rates per KWH or Gal. are sky high and about to go higher. Proposition 32 will really goose them very soon, since CA is going to solve the world’s global warming problem.
Much is made of Texas’ property tax, which averages about 2 1/2% of property value, vs. CA’s 1.2% on average. But with their property values half or less than ours for a similar structure, it evens out. BTW, when you move to Texas, you pay NO state income tax.
All of the big Texas cities are gaining residents from the rest of the nation, but Austin in particular is desirable because of its universities, the state capital, and more cultural attractions than Dallas, Fort Worth, San Antonio, and Houston. Austin’s unemployment rate is 8.2%, vs. California’s 12% plus, a result of their business-friendly policies.
People and companies are weighing all these factors and voting with their feet.January 11, 2011 at 7:04 AM in reply to: What is the equivalent home in San Diego to this $158k home in Austin? #651734EconProf
ParticipantThis house and its carrying costs show us why Californians are moving to Texas in big numbers. Whether you compare living there to San Carlos, El Cajon, or Chula Vista, the cost difference is stark for essentially the same house.
I just called my cousin in Austin for utility costs for the same sized structure. She paid in the $150s per month for electricity and gas in the summer, and pays in the $60s during the winter. Her water and sewage is in the $60s year round.
California’s utility rates per KWH or Gal. are sky high and about to go higher. Proposition 32 will really goose them very soon, since CA is going to solve the world’s global warming problem.
Much is made of Texas’ property tax, which averages about 2 1/2% of property value, vs. CA’s 1.2% on average. But with their property values half or less than ours for a similar structure, it evens out. BTW, when you move to Texas, you pay NO state income tax.
All of the big Texas cities are gaining residents from the rest of the nation, but Austin in particular is desirable because of its universities, the state capital, and more cultural attractions than Dallas, Fort Worth, San Antonio, and Houston. Austin’s unemployment rate is 8.2%, vs. California’s 12% plus, a result of their business-friendly policies.
People and companies are weighing all these factors and voting with their feet.January 11, 2011 at 7:04 AM in reply to: What is the equivalent home in San Diego to this $158k home in Austin? #651869EconProf
ParticipantThis house and its carrying costs show us why Californians are moving to Texas in big numbers. Whether you compare living there to San Carlos, El Cajon, or Chula Vista, the cost difference is stark for essentially the same house.
I just called my cousin in Austin for utility costs for the same sized structure. She paid in the $150s per month for electricity and gas in the summer, and pays in the $60s during the winter. Her water and sewage is in the $60s year round.
California’s utility rates per KWH or Gal. are sky high and about to go higher. Proposition 32 will really goose them very soon, since CA is going to solve the world’s global warming problem.
Much is made of Texas’ property tax, which averages about 2 1/2% of property value, vs. CA’s 1.2% on average. But with their property values half or less than ours for a similar structure, it evens out. BTW, when you move to Texas, you pay NO state income tax.
All of the big Texas cities are gaining residents from the rest of the nation, but Austin in particular is desirable because of its universities, the state capital, and more cultural attractions than Dallas, Fort Worth, San Antonio, and Houston. Austin’s unemployment rate is 8.2%, vs. California’s 12% plus, a result of their business-friendly policies.
People and companies are weighing all these factors and voting with their feet.January 11, 2011 at 7:04 AM in reply to: What is the equivalent home in San Diego to this $158k home in Austin? #652197EconProf
ParticipantThis house and its carrying costs show us why Californians are moving to Texas in big numbers. Whether you compare living there to San Carlos, El Cajon, or Chula Vista, the cost difference is stark for essentially the same house.
I just called my cousin in Austin for utility costs for the same sized structure. She paid in the $150s per month for electricity and gas in the summer, and pays in the $60s during the winter. Her water and sewage is in the $60s year round.
California’s utility rates per KWH or Gal. are sky high and about to go higher. Proposition 32 will really goose them very soon, since CA is going to solve the world’s global warming problem.
Much is made of Texas’ property tax, which averages about 2 1/2% of property value, vs. CA’s 1.2% on average. But with their property values half or less than ours for a similar structure, it evens out. BTW, when you move to Texas, you pay NO state income tax.
All of the big Texas cities are gaining residents from the rest of the nation, but Austin in particular is desirable because of its universities, the state capital, and more cultural attractions than Dallas, Fort Worth, San Antonio, and Houston. Austin’s unemployment rate is 8.2%, vs. California’s 12% plus, a result of their business-friendly policies.
People and companies are weighing all these factors and voting with their feet.EconProf
ParticipantYou are in a bind because you may get shafted on your deposit, and/or be forced to move on short notice. At the same time, your landlord is in a bind because if you move or demand your current deposit be immediately applied to rent (one approach you could offer now), he stands to lose.
Here’s another approach out of left field: Offer to rewrite the current rental agreement at 80% (or 90%) of the current monthly rent, on a month-to-month basis. He gets to keep cash flow until he loses the property, which could be a year or two at current rates. He doesn’t have to deal with a month or two of vacancy before finding a new tenant (whom he’d have to decide whether or not to inform about the default), so money-wise he is neutral or ahead. As for you, you get to bank the rent reduction for what could be a long time and still have the flexibility to move on a month-to-month basis.
Piggs, what do you think? Slings and arrows welcomed. -
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