Yes I agree I was over simplifying stating that the $600 per week rent would stay the same over the 10 Year period.
Rental increases over the 10 Year period would be considerably more than the $600 per week in 2024
Here we go for the renters for the next 10 Year period.Prediction: Value of $600 from 2024 to 2034
$600 in 2024 is equivalent in purchasing power to about $806.35 in 2034, an increase of $206.35 over 10 years. The dollar calculated at an average inflation rate of 3.00% per year between 2024 and 2034, producing a cumulative price increase of 34.39%. The buying power of $600 in 2024 is predicted to be equivalent to $806.35 in 2034.
This calculation is based on future inflation assumption of 3.00% per year.
Is this better for you Nippy ?
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