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Sure, but who is renting the property after that? In your scenario, the answer is, noone, which significantly incentivizes at least _some_ of the landlords to n
by thrownaway996 6y ago
Sure, but who is renting the property after that? In your scenario, the answer is, noone, which significantly incentivizes at least _some_ of the landlords to negotiate with tenants, instead of mass eviction. Some income is better in the short-run than no-income, particularly for small property owners.
- michaelmrose 6y agoThey might well turn to speculators willing to buy out the property even at less than current price. If you own a 250k property and haven't been paid the rent you expect for months 50%-75% on the dollar so you can pay your own expenses might look attractive.