01-20-2008, 03:19 PM
I did a search through all the forums here on Punaweb, at least the subject lines. No hits for "Leasehold".
I think I've got an understanding of the basics (length of lease, annual lease $$), but there's some nuances that I'm puzzling over. Does anyone here live in a leasehold property? Does the value of the property depreciate as the term of the lease gets shorter? How can you get equity out of a leasehold? Are leases often successfully renewed, and if so, at what cost? I know it's possible, but is it practical to "hop" from leasehold property to leasehold property every decade or so as the leases expire? Do people do that?
I'm an optimistic 50 year-old, I might only live for one such "hop". ;-)
Still getting ideas, rolling them around. Mahalo in advance for any shared experience.
How do I know?
I think I've got an understanding of the basics (length of lease, annual lease $$), but there's some nuances that I'm puzzling over. Does anyone here live in a leasehold property? Does the value of the property depreciate as the term of the lease gets shorter? How can you get equity out of a leasehold? Are leases often successfully renewed, and if so, at what cost? I know it's possible, but is it practical to "hop" from leasehold property to leasehold property every decade or so as the leases expire? Do people do that?
I'm an optimistic 50 year-old, I might only live for one such "hop". ;-)
Still getting ideas, rolling them around. Mahalo in advance for any shared experience.
How do I know?
Aloha! ;-)