Olga Khusid

05/01/2020

Does our Government want to kill the econony? Rent is the basis for property's budget. Without it, services considered non-emergency will be cut down. It will backfire on renters quality of life. It will backfire on the MILLIONS of the maintenance servicemen, whose hours will be cut, who will face the unemployment due to limited budget.
Renters need ASSISTANCE from the Government instead of provoking resistance to pay rents.

Yesterday, Representative Alexandria Ocasio-Cortez (D-NY) called for a national rent strike: "We need to make sure that rent cancelation [sic] happens on the state and national level."   With millions of Americans unemployed, May...

04/06/2020

New 401(k) rules permit "coronavirus-related distributions" of up to $100,000. But should you take one?

04/01/2020

Mortgage Forbearance Explanation and Warning

The Covid-19 Coronavirus has led to some challenging times for all of us.

The Government has created the CARE Act, to assist homeowners whose income may have been adversely impacted by the coronavirus. One of the components of the CARE Act is the possibility of mortgage forbearance.

Forbearance is often misinterpreted. And while it is intended to help, it can have some dangerous repercussions. Many people are mistakenly thinking that forbearance equals forgiveness. It does not.

Forbearance means that the payments will be suspended for a short period of time, initially up to 6 months, but will need to be caught up when the forbearance period is over.

Think about when you buy something at a furniture store that offers “no payments” for 3 months. You still must pay for the furniture…the payments are just deferred.

But mortgage forbearance is even worse if the borrower has dug themselves in a deep hole and can’t catch up. Should this happen, the lender will enforce their right to be paid, which may cause the borrower to be foreclosed upon. They could lose all the equity in their home in the process.

Forbearance is designed to help those as a measure of last resort. It is not a free pass and may have serious consequences.

01/14/2020

This is a visual tool to dissolve any doubts about our future. The cost of home ownership will be so high, most of people already struggling to cover monthly expenses won't be able to anymore.
In rental industry, the prices will go up and quality of life will go down.

Guess no more! Enter the approximate current market value of your home: $ Without Proposition 13, the average annual property tax for a home with that value would be: $ * Before Proposition 13, property tax was based on the assessed market value of your home. Proposition 13 made property taxes affor...