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by tehwebguy
1832 days ago
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I mean, maybe, but only for right now. Almost all mortgages are fixed-rate and virtually every rental increases every year. The very short article glosses over the tax advantages and security of owning but skips basically everything important. Most leases are written to convert to month-to-month, and in most states this is the default if not written. In all states but 3 + DC landlord can unilaterally terminate month-to-month tenancy with proper notice. Usually this is 30 days or one calendar month, in 9 states it is less than that (lowest is 3 days in CT, 10 days in Louisiana) and in 6 states it is always or sometimes more than 30 (e.g. 60 days in NY after 1 yr, 90 after 2 yrs). |
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