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There is a pause on evictions and financial support from government. Banks are motivated to allow mortgage payments to be deferred (high property prices and mo
by CTDOCodebases 5y ago
There is a pause on evictions and financial support from government.
Banks are motivated to allow mortgage payments to be deferred (high property prices and more income via interest payments are good for business).
The pause on evictions force landlords to enter negotiate with tenants who need rent reductions in order to survive. If they don’t they risk losing months of rent and having no tenant in bad market.
Most of the workforce in these industries are casual employees who are also covered by goverment assistance if their hours are reduced. Full time workers also get support if they are furloughed.
I have friends who own these types of businesses. Spikes in case numbers result in booking cancellations/low patronage so the whole situation is perceived as an unfortunate catch-22 situation.