11 ms·

So what happens if they all and at the same time, simply stop paying rent? Would I hear US banking collapsing in Europe?

• paxys 3y ago
  Then property owners will not be able to pay their mortgage and be foreclosed on. The only ones winning are the big banks.
  • neogodless 3y ago
    Banks don't necessarily win with foreclosure. Not sure how leveraged the typical landlord is, but a series of foreclosures would suppress housing prices with a glut of inventory, reducing the recapture.
    • deleted 3y ago
      [deleted]