4 ms·

It’s interesting to consider how many corporations will weather this pandemic and how many small businesses will not.

• pmiller2 6y ago
  I agree. I think we're going to see a lot more wealth concentration because of all the business shutdowns. And, soon, landlords may be going bankrupt because tenants aren't able to pay and some (how many?) states have eviction moratoriums. Even if they could evict non-paying tenants, the rental market is softening to an extent that could certainly take down some smaller or overleveraged players.
  • nikanj 6y ago
    Probably more likely to take down Bob and Claire who have HELOCed their way into 4 AirBnB properties than REITs that own entire apartment buildings, leading to further concentration of the housing ownership.
  • dd36 6y ago
    The $600 week is preventing mass defaults by tenants.
    • pmiller2 6y ago
      Then why were 30% of Americans not able to pay their rent on time last month, along with a similar percentage in April and May? https://www.cnbc.com/2020/06/16/30percent-of-americans-missed-their-housing-payments-in-june.html https://www.cnbc.com/2020/06/16/30percent-of-americans-misse...