2 ms·
This is the problem with everybody being leveraged to the hilt. I suspect some small fraction of property owners, however, are unleveraged, absentee, and likel
by wahern 6y ago
This is the problem with everybody being leveraged to the hilt.
I suspect some small fraction of property owners, however, are unleveraged, absentee, and likely willing to grant rent forbearance for quite awhile. For example, older people holding onto real estate for their children, or who simply really like their tenant and are committed to the community. Restaurants lucky enough to have such landlords, or similarly situated landlord-restaurateurs, are probably counting their blessings right now.
We wouldn't have a very dynamic economy if everybody operated this way, but at least there's some heterogeneity to help us bootstrap things. No comfort for the huge number of people who have effectively lost their life savings, though.