How to cope with the high interest rate?

[Kelvin Lee]

After enjoying 3.4% interest rate over the last five years, I'm now confronted with the challenge of managing a 6% interest rate in the coming year. This is a source of significant concern for me. Moreover, the rate of rent increases hasn't kept pace with these economic shifts. As a result, I'm left pondering how to adjust to this changing financial landscape. I'm considering whether it's wise to sell some of my assets or navigate a substantial reduction in cash flow. It might even be essential for me to explore full-time employment opportunities to ensure my financial stability.

[Michael Dumler]

@Kelvin Lee, I would recommend double-checking your market's rental rates. Hopefully, you have been increasing rent each year... If not, that's on you.