- May 2, 2009
- Professional Status
- Certified Residential Appraiser
It's that time when I need to increase the rents for my tenants. I think the economy is doing well especially with the Fed now thinking of increasing interest rates next months (where did I hear that before?). The stock market appears stable stuck around 18,500 Dow Jones. I think wages are increasing especially with some local cities raising minimum wage to over $12/hr so they should be able to afford the rent increase. However, I hear some poorer communites here are still struggling.