28 ms·
Landlords were/are bailed out in US. Landlords are businesses. MY LLC got a 30 year very low fixed interest loan, first 10K of loan automatically forgiven, bas
by hcknwscommenter 6y ago
Landlords were/are bailed out in US. Landlords are businesses. MY LLC got a 30 year very low fixed interest loan, first 10K of loan automatically forgiven, based solely on the LLC's income from last year. The loan amount was roughly 60% of last year's revenue. Oddly enough, actual lost revenue was about equal to the loan amount, but the gov't had no way of knowing that and didn't even ask.
I'm sure every landlord in the country signed up for that or one of the several other coronavirus relief options. Any wonder why the stock market is up? That's a lot of free money sloshing around.