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#1 Expense – Unearned Interest – Not on Your ’23 Condo Budget

The #1 Expense, Unearned Interest, is NOT on your Condo Budget Unearned Interest Did you know that the #1 Condo expense, Unearned Interest, is likely NOT on your Condo Budget? As the Board of Director’s and the Property managers you likely aren’t even reviewing or talking about it? To understand why and… Read More »#1 Expense – Unearned Interest – Not on Your ’23 Condo Budget

Interest Compounding

Condo GICs: 0.25% = 19.53% – No, This Isn’t the “New” School Math

Rather, this equation demonstrates two well known financial concepts: compounding and leverage. Don’t let them fool you; even if the Bank has a “special” rate that is “only” 0.25% worse than one of Lambda’s 25+ Financial Institutions, Lambda’s extra 0.25% actually translates to 19.53% more interest through the power of… Read More »Condo GICs: 0.25% = 19.53% – No, This Isn’t the “New” School Math