$81 Billion In Rent Is Due Today And No One Knows What Will Happen
submitted 4 years ago by magnora7 from (zerohedge.com)
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[–]magnora7[S] 13 insightful - 2 fun13 insightful - 1 fun14 insightful - 1 fun14 insightful - 2 fun - 4 years ago (3 children)
Some people were saying it's not this April 1 rent that scares them, but the May 1 rent, and the June 1 rent. Because people can miss one payment and it's not a huge deal, but when they start missing two or three...
If there are going to be bailouts, they should go to the people at the bottom so it trickles up the whole financial line of debts owed. Instead of just bailing out the banks at the top, like they did in 2008
[–]EndlessSunflowers 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 0 fun6 insightful - 1 fun - 4 years ago (0 children)
Big Truths Here, thank you, I had not thought about that yet, 2nd and 3rd months rent and bills, with minimal jobs in action out here, Damn. Stay strong everyone!
[–]joewest1313 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 0 fun6 insightful - 1 fun - 4 years ago (0 children)
You can forgive rents but when the mortgage hits both the landlord and the tenant will be up shit creek, no paddles and holes in the goddamn boat when lenders foreclose properties neither paid by the tenant nor landlord.
Your observation is astute.
[–]go1dfish 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 4 years ago (0 children)
I agree, and (if you’re going to bail anyone out) bailing out from the bottom seems more in line with free-market economics and ideals than picking big winners.
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[–]magnora7[S] 13 insightful - 2 fun13 insightful - 1 fun14 insightful - 1 fun14 insightful - 2 fun - (3 children)
[–]EndlessSunflowers 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 0 fun6 insightful - 1 fun - (0 children)
[–]joewest1313 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 0 fun6 insightful - 1 fun - (0 children)
[–]go1dfish 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (0 children)