Are these Gov moratoriums on evictions making you rethink REI?

[Joe M.]

This isnt supposed to be a political debate...but reguardless of where you stand the fact of the matter is the government moved in rather quickly and just like that said your lease and laws dont matter with very little reguard for potential bigger picture fallout.  In my state, the Gov and AG said no evictions until July 10-thats almost 5 months potentially without rent.  This is a really slippery slope and not sure how much clearer it can be.  

I think moving forward there obviously needs to be common sense applied, you know what they say about common sense-its not common.

What Im asking you, are these moratoriums on evictions giving pause to you and REI? If so, how are you adjusting? Thoughts? Actions being taken?

[Patrick M.]

@Joe M.

Worry and pivoting are 2 hugely different things. One thing to remember is that there are certain principles we all follow- but we are all vastly different animals. For instance, there is a large group of investors who are not concerned with cashflow but instead appreciation of their property. They are not posting as much now... like the the arbitrage airbnbers... perhaps they pivoted?

For myself, and I know others, REI is a great wealth democratizer. We are extraordinarily grateful for the opportunity, even more so for those of us who have had others dictate our pay rate. We have listened to the drone of those old hardcore mentors ... "reserves, vetting, no BS"... and taken it to heart. Before people on this board started making gift baskets for new leasee's and calling them customers instead of tenants.

Pivot? Not on your life!