Quote:
Originally Posted by Locke
I've been wondering about this both in the context of businesses and residences concerning lack of rental payments and evictions.
If you evict your tenants for non-payment due to the economic conditions....who exactly are you expecting to swoop in and snap these places up and start doling out rent cash considering the same economic conditions?
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Exactly.
When the businesses themselves are not able to operate due to Covid restrictions, it's a little naive of building owners to expect that the rents are going to be paid in full. The commercial rental industry is secondary to and dependent on the actual businesses.
This @#$@# is also going to roll downhill. The building owners, will be, in turn, defaulting on the mortgage providers.