[EconProf]

You 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.

[EconProf]

You 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.

[EconProf]

You 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.

[EconProf]

You 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.

[EconProf]

I could not get this article up because I am not a subscriber to the WSJ.
However I read it at the library and it is fantastic. Any traditional American parent of young children would immediately make changes if they read it–it is that insightful.

[EconProf]

I could not get this article up because I am not a subscriber to the WSJ.
However I read it at the library and it is fantastic. Any traditional American parent of young children would immediately make changes if they read it–it is that insightful.

[EconProf]

I could not get this article up because I am not a subscriber to the WSJ.
However I read it at the library and it is fantastic. Any traditional American parent of young children would immediately make changes if they read it–it is that insightful.

[EconProf]

I could not get this article up because I am not a subscriber to the WSJ.
However I read it at the library and it is fantastic. Any traditional American parent of young children would immediately make changes if they read it–it is that insightful.

[EconProf]

I could not get this article up because I am not a subscriber to the WSJ.
However I read it at the library and it is fantastic. Any traditional American parent of young children would immediately make changes if they read it–it is that insightful.

[EconProf]

Good points about how South Korea fixed its problems by thinking long-term. Instead of monetary and fiscal sugar fixes to stimulate their economy, they took the tough medicine up front and got the problem behind them. That fits what I know about the Korean mindset.
This is the kind of character that I’m afraid americans are no longer capable of. Our politicians, whom we love to blame, are merely reflecting what our public wants.

[EconProf]

Good points about how South Korea fixed its problems by thinking long-term. Instead of monetary and fiscal sugar fixes to stimulate their economy, they took the tough medicine up front and got the problem behind them. That fits what I know about the Korean mindset.
This is the kind of character that I’m afraid americans are no longer capable of. Our politicians, whom we love to blame, are merely reflecting what our public wants.

[EconProf]

Good points about how South Korea fixed its problems by thinking long-term. Instead of monetary and fiscal sugar fixes to stimulate their economy, they took the tough medicine up front and got the problem behind them. That fits what I know about the Korean mindset.
This is the kind of character that I’m afraid americans are no longer capable of. Our politicians, whom we love to blame, are merely reflecting what our public wants.

[EconProf]

Good points about how South Korea fixed its problems by thinking long-term. Instead of monetary and fiscal sugar fixes to stimulate their economy, they took the tough medicine up front and got the problem behind them. That fits what I know about the Korean mindset.
This is the kind of character that I’m afraid americans are no longer capable of. Our politicians, whom we love to blame, are merely reflecting what our public wants.

[EconProf]

Good points about how South Korea fixed its problems by thinking long-term. Instead of monetary and fiscal sugar fixes to stimulate their economy, they took the tough medicine up front and got the problem behind them. That fits what I know about the Korean mindset.
This is the kind of character that I’m afraid americans are no longer capable of. Our politicians, whom we love to blame, are merely reflecting what our public wants.

[EconProf]

Our real estate bubble was based on foolish monetary and governmental policies and was destined to pop. Australia’s healthy growth rate is based more on their natural reources, decent government, and future prospects, not reckless fiscal and monetary policies. I really don’t know if Australian real estate is in a bubble, or merely reflecting their underlying economic strengths. Either way, she still would have been better off to keep her money at home.

[Author]

Posts