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Keep looking up stream. The landlords have to pay property taxes and often their own mortgages on personal or commercial properties. Anyone with a balloon mortg
by root_axis 7y ago
Keep looking up stream. The landlords have to pay property taxes and often their own mortgages on personal or commercial properties. Anyone with a balloon mortgage is probably feeling very anxious about now. The rental market is big business and many thousands of rental communities around the country are operated by corporations capitalized through big bank creditors with the power to unmake poor performers; if prospects of collecting rent look grim investment capital will dry up and these companies will be facing bankruptcy. It's times like these when you really need a good leader that's empowered to act but also capable of seeing the big picture.