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If by “suspend” you mean cancel the debt due in the quarantine months than I definitely agree: in both moral and economic terms it would be best for the rent-se
by biztos 7y ago
If by “suspend” you mean cancel the debt due in the quarantine months than I definitely agree: in both moral and economic terms it would be best for the rent-seekers to take as much of the hit as possible.
But if it’s just a pause in collection, and you still owe that money, then it’s the same old margin problem: very few restaurants make enough money to repay that loan no matter who it comes from.
- markdown 7y agoA business that was going to fail due to low margins without COVID19 shouldn't suddenly get to live because COVID19 destroyed the world economy. It has to be a pause in collection (and interest), but at the end of the day the lender also has to get their money back.