Re:Inflation rose 9.1% in June, even more than expected
by qwerpy on Wednesday July 13, 2022 @04:31PM
(#32088373)
I never consider my own costs when choosing how to price a rental. I will always charge market rates. If market rates are higher than my costs, great. I won't lower my rates, I'll just pocket the extra money. Similarly if market rates are lower than my costs, I can't just stubbornly keep the rates high. No one will rent from me. If that goes on for a long time I'll decide it's a non-performing asset and sell it.
Re:Inflation rose 9.1% in June, even more than expected
by JumpCrisscross on Wednesday July 13, 2022 @06:05PM
(#32089333)
I called myself out as a marginal source of supply. I love my renovations. I don’t need the cash. If a lease can’t cover my costs, altogether, I would prefer to not rent and not risk the damage.
Input costs eventually filter to the outputs.
Re:Inflation rose 9.1% in June, even more than expected
by adam_arthur on Wednesday July 13, 2022 @10:13AM
(#32083026)
Yes, the economy is interconnected.
I also decided to increase rent on my rentals cause the price of bread doubled and my daily sandwich got more expensive
I’m renovating a home. Shipping is higher, due to labor conditions as well as fuel costs. If I rent it out a few times a year, as I’m considering, I will price to make that back. I’m sure those with purely rental properties are similarly inclined.