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re: What will happen when millions are unable to pay rent/mortgage?
Posted on 3/23/20 at 5:28 am to fr33manator
Posted on 3/23/20 at 5:28 am to fr33manator
Small businesses (landlords) go into debt and get bailed out by SBA loans or potential grants. Or the small business works with the tenant to adjust future rent to pay back rent. Kicking out a tenant for another that can't pay is a bad business decision.
Mortgage companies dont collect principle and keep the interest rolling for the borrower. Any potential loss in income doing so is backed by government bailouts.
Mortgage companies dont collect principle and keep the interest rolling for the borrower. Any potential loss in income doing so is backed by government bailouts.
This post was edited on 3/23/20 at 5:30 am
2
Posted on 3/23/20 at 7:33 am to fightin tigers
(no message)
This post was edited on 3/25/20 at 3:21 am
Posted on 3/23/20 at 8:17 am to fightin tigers
quote:
Small businesses (landlords) go into debt and get bailed out by SBA loans or potential grants. Or the small business works with the tenant to adjust future rent to pay back rent. Kicking out a tenant for another that can't pay is a bad business decision.
Mortgage companies dont collect principle and keep the interest rolling for the borrower. Any potential loss in income doing so is backed by government bailouts.
Damn you had that waiting to go
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