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Jill on Money with Jill Schlesinger

Coronavirus: Keep as Rental Property?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.61.8K Ratings

🗓️ 17 July 2020

⏱️ 11 minutes

🧾️ Download transcript

Summary

Should you keep using the condo as rental property or is it better to start living in it so that when you sell it in a few years you'll avoid being taxed on the capital gains? Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Jill on Money Coronavirus Market Update. It is Friday, July 17th.

0:10.1

Hey Mark, should we not call it the coronavirus market update?

0:14.0

Should we call it the coronavirus money update?

0:17.5

Because I don't want to talk about markets so much anymore.

0:20.0

It was like we started this with the idea that people were freaking out about the markets.

0:25.0

What do you think?

0:26.0

The Jill on Money, Coronavirus, something update.

0:29.2

Financial update, economic, all right, we'll keep it market for now.

0:33.0

It's nice and easy.

0:35.0

Anyway, this is the program that does attempt to help walk you through these

0:40.0

completely surreal times.

0:41.0

You can send us an email about anything financial.

0:44.0

Ask Jill at Jill on Money.com.

0:47.0

We had a little bit of a data dump yesterday,

0:49.5

two pieces of information.

0:51.2

We had weekly claims that was sort of a good news bad news. So there

0:56.0

were 1.3 million people who filed for new unemployment benefits in the week ending

1:01.0

July 11th. It was a drop of just 10,000 from the previous week's revised levels.

1:07.6

So that's kind of a bummer. Now, the good news on this is that the number of people who are receiving unemployment benefits

1:18.9

did drop down to 17 million. Okay, that's pretty good. 17.3 million about. That's good. So there's some good news. Wait, I got more bad news because then when I look at the

1:35.7

pandemic unemployment assistance plan which is the plan for those gig workers

1:41.9

remember that they had that extra plan in there and the pandemic emergency unemployment compensation benefits?

...

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