Tag Archives: rent

The unintended victims of higher interest rates

Who does higher interest rates hurt the most? The obvious answer is people who have variable rate mortgages. But there’s a group of people that are even more at risk, and are hurting more from the impact of higher interest rates. They are renters. Why renters? Because as the cost to borrow becomes more expensive, would-be buyers who… Read More »

Fiscal Update May 2014 – Rental Income

May was another great month. Net worth increased by $5,600, mostly thanks to my tenant’s $5K rental payment 🙂 This represents half the year’s annual rent. The other half is due in October. The first farm I bought in 2012 using $20,000 of my personal savings is now worth $50,000 more. Luckily my aggressive 8:1 leverage has paid off… Read More »

$3000 for Rent

New York City is known for its expensive housing. There is even a political party called the “Rent is Too Damn High Party,” which received tens of thousands of votes in the 2010 election. Well the average monthly apartment rent in NYC has finally broken $3000 for the first time. Some neighborhoods, especially in the Manhattan area, homes… Read More »