It’s that time again where I’m looking for a new tenant. I have pushed up the rent higher and higher, thinking at some price point, there will no longer be demand. I have yet to find that price point.
I have increased the rent by an additional $300 and I’m getting emails from consultants, new hires in Silicon Valley, and students begging to move in. I do not need to negotiate because there’s someone else who is willing to pay. No parking? No problem! First and last month rent plus the deposit all up-front? No problem! Someone emailed saying he travels frequently and won’t be at the apartment much, meaning there will be little to no wear and tear. Damn, can’t beat that!
We’re in another dot com boom for sure. And I’m on the hunt for a 3.875% mortgage rate, 30-year-fixed. Come to mama!
Catherine,
Consider a 15-year fixed loan, if you can afford the monthly mortgage. The rates are insanely low right now and you will save so much in interest.