question archive It is the fall of 2015 and you have been living in your two bedroom 1 bath apartment in Santa Monica for 20 years
It is the fall of 2015 and you have been living in your two bedroom 1 bath apartment in Santa Monica for 20 years
Subject:EconomicsPrice: Bought3
It is the fall of 2015 and you have been living in your two bedroom 1 bath apartment in Santa Monica for 20 years. Your current rent is $1,000/Mo. A similar apartment in your building recently rented for $2,000/Mo. Your landlord has offered you an incentive to move out. What do you think your leasehold interest is worth?
?Instead suppose the year is 1997 and your rent was $500/Mo.. What do you think your leasehold interest was worth?
