It is the fall of 2015 and you have been living in your two bedroom 1 bath
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Question:
It is the fall of 2015 and you have been living in your two bedroom 1 bath apartment in Santa Monica for 20 years. Your current rent is $1,000/Mo. A similar apartment in your building recently rented for $2,000/Mo. Your landlord has offered you an incentive to move out. What do you think your leasehold interest is worth?
Instead suppose the year is 1997 and your rent was $500/Mo.. What do you think your leasehold interest was worth?
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