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re: The next housing crisis is here, and this time, it’s about rentals
Posted on 5/13/20 at 5:05 am to fightin tigers
Posted on 5/13/20 at 5:05 am to fightin tigers
quote:
Or they will just leave and go find a new place. A uhaul costs a lot less than paying 3 months of back rent.
You can't just leave and expect them not to send you to collections. I think most people are underestimating how importantly these good renters look at their credit scores. If they qualified for their apartment in the first place with good credit scores, most will be smart enough to manage their expenses where they won't allow rent to snowball to the point of eviction. As a landlord, this is why it's so important to screen your tenants because most of them won't ruin their credit and will be smart no matter the circumstances
0
Posted on 5/13/20 at 5:12 am to wm72
That’s dope PN. Good luck.
Posted on 5/13/20 at 5:18 am to wm72
quote:
have a record shop but also record music / dj. A lot of friends work in entertainment (musicians, djs, sound tech, music lawyers) and/or own bars/clubs. . .
Basically, a lot of people that are likely to be affected to various degrees until bands touring and clubs/bars scenes are back in full swing.
I live in Clinton Hill.
Ah okay I see what you mean
Posted on 5/13/20 at 5:45 am to RLDSC FAN
quote:Good grief, just let people go back to work.
But without a national rental-market bailout
Posted on 5/13/20 at 5:48 am to OysterPoBoy
quote:
The landlord/renter relationship as we knew it could never last. Landlords became reliant on rent coming in and renters became reliant on having a place to live. It was always unsustainable.
WTF are you trying to say here? This is a lot of typed up words just to say absolutely nothing
Posted on 5/13/20 at 5:54 am to lsu13lsu
quote:
Are you seeing anything? Most people have not been evicted yet.
Nobody has been evicted because you can't get in front of a judge but the smart people who realize they can no longer afford to rent are starting to leave rapidly, minimizing their lease break penalty fees and setting up payment plans. There are a surprising amount of renters searching for a home at the moment so some landlords can collect lease break penalties while getting another qualified renter to move in and pay rent essentially collecting double rent in the short term.
Posted on 5/13/20 at 6:10 am to cable
quote:
Anyone that relies solely on one investment vehicle is a moron.
Bitcoin's been working out very well for me even without the split.
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