Talking about people not being able to pay their rents in this covid meltdown. What happens to the property?

submitted by PencilPusher55 from (self.whatever)

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[–]teelo 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Kind of his fault for not planning around what to do with his investment should he not have a tenant for a significant period of time. There are insurance policies for that.

Fuck property investors, though. They're the reason house prices are so high that most of the working class will be renting for life.

[–]Comatoast 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

It's not only an issue of property prices. The standards for obtaining a home loan are probably going to get even more shitty and stringent too.. til it's nothing but foreign investors or possibly just government owned.