“[The buyer] coming up almost to asking price, but I can’t get the renter out,” sighed [the Broker]. She is holding her breath until April, when she will hear whether the tenants intend to exercise their option to extend the lease for another year.
via NYTimes.com.
Last May the Credit Card Accountability, Responsibility and Disclosure (CARD) Act was signed into law, containing a sweeping set of regulations designed to curb many unfair credit card issuer practices.
The catch for small business owners? The Act only applies to consumer credit cards. If you have a small business credit card now or get one in the future, you’ll still be working under the old set of rules.
“Quality questions create a quality life. Successful people ask better questions, and as a result, they get better answers.”
Anthony “Tony” Robbins, entrepreneur, motivator and advisor to leaders across the globe
Amidst the news that approximately 25% of homeowners with mortgages are now underwater (meaning they owe more than their mortgage balance), will we start seeing more cries for lenders to offer principal reductions to (a) make these existing mortgages more affordable; and (b) provide an incentive to keep borrowers in their homes? Given the high recidivism rate among borrowers with loan modifications — which is often like putting a Band-Aid on an amputated limb and then praying it holds — perhaps’ its time to look at other options.
Landlords know they’ll have trouble finding new tenants if they lose the ones they have, industry observers say, so some of them are more willing to give struggling tenants a break.
“The economy has hit the apartment industry in a lot of different ways,” said Brad Cathers, past president of the Tennessee Apartment Association
via The Tennessean.
Focus on the Present
“I try to learn from the past, but I plan for the future by focusing exclusively on the present. That's were the fun is.”
“For those unfamiliar with RM systems, they price apartments kind of like hotels price their rooms. Prices can change daily.”
Jade, I don't know if this is helpful to you in your area, but where I live some unemployed people are signing up for a class at the community college and getting health insurance as a student through the college.
