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Updated over 5 years ago,
Risks in owning rental properties at times of economical crisis
Hi, I own several multifamily residential rental properties in the less economically stable areas of MA and RI.
Is there a typical behavior for residential housing at times of economical crisis?
Should I expect to lose rent because of people losing their jobs and unable to pay rent?
Or maybe the opposite because people lose their houses and move into renting instead?
I imagine there is no conclusive answer to that, would like to hear people's thoughts.
Thanks.