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FINALLY Some Happy News

November 13th, 2008 at 08:20 pm

Well, I got some good news today and figured I should share since I my last two entries have not been that upbeat.

When we moved halfway across the country a year ago we decided to sell our townhouse and rent an apartment for at least two years. We signed a 14 month lease last November in hopes that when we renewed our lease or bought a house, January would bring better prices due to being during the slow time. Well, we just got our renewal offer letter today and our rent is GOING DOWN by $50/month! How exciting; I NEVER expected that!!

They had accidentally put us in the computer as a 12 month lease so I got a renewal offer letter two months ago too (until I showed them my lease and they fixed it) and they were offering a 12 month lease for $875 then, so I guess our plan worked! We will now be paying $800/month starting in January, so we just saved ourselves $900 in rent next year! Yippee! And that includes our basic cable, can't beat that.

Honestly, I don't know if it was our "good planning" or the tanking economy I have to thank for this little surprise, but I'll take it either way. The new budget I just wrote out last night will now have to be redone (I'd figured $875 for rent.), but I will do it happily.

I hope y'all get some fun, unexpected news soon too!

8 Responses to “FINALLY Some Happy News”

  1. gamecock43 Says:

    wow. rent going down. never heard of that.

  2. creditcardfree Says:

    That is great news! My mortgage payment is going down by $22 a month. We take all the positive we can get, right?

  3. mom-sense Says:

    Found money is found money! What a nice surprise!

  4. Koppur Says:

    That's FAB!! Congrats!

  5. ceejay74 Says:

    Awesome! I got my estimated property tax for 2009 and it's going down, so I might get a slight decrease in my mortgage payment, but nothing like $50 per month! Congratulations, that's some nice breathing room.

  6. Petunia Says:

    Woo-hoo! It's a tax-free bonus!

  7. Personal Finance Student Says:

    Thanks everyone for sharing in my happiness. Smile Petunia - I hadn't thought of it like that!

  8. monkeymama Says:

    I have certainly heard of rent going down (rents in parts of california dropped, probably 2002-2004 or something. Maybe longer). Some crazy rent bubble (er, bust) that precluded the housing bubble/bust.

    Anyway, Congrats. That is awesome!!!

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