In these troubled times, the one economic activity you can count on is you. This “you” means your business. The fact that you are reading this newsletter means you are investing your business time wisely.
If you don’t currently own your office, you should take a look at buying it.
Replacing the rent you pay with ownership costs can make good economic sense if during the next 10 years, your
business will be pretty much the same;
employee staffing will remain about the same; and
space needs will remain about the same.
Let’s assume you have the attributes that make owning your office a reasonable consideration. The next issue is price. How much will the new office cost? How much can you mortgage, and what interest rate will you have to pay? The good news is that today’s prices are better than they have been in a long time, and interest rates are most reasonable.
But how would you know if this office is a good or bad economic deal for you?
What if you could ask the rent-or-buy question using projected results from two net-worth ... Log in to view full article.