Should we start a cancel mortgage movement?

[Rafael Martinez]

It seems the government have no concern for mom and pop investors. With the CDC extension of the eviction moratorium until June, it seems their only interest is protecting the banks. There are tenants refusing to pay rent and somehow this is okay. I wonder what would happen if we all decided to not pay our mortgage, I’m pretty sure a huge bank bailout would be in effect? What are your thoughts?

[Jay Hinrichs]

well lets see how far that gets you.

1. FICO score crushed for the foreseeable future.

2. stress on banking and investors who buy their loans.. maybe they just stop buying investor loans from small time landlord properties and you will see your values plummet with no liquidity in the market  just like 08 to 2010.

reality is there are work outs for landlords there is mortgage forbearance for those that actually need it etc.. keep in mind 80% of renters are paying rent.. and on BP at least if you read the super landlords on this site hardly any of them are not getting paid.. its not a big enough problem that is going to curry public favor.. you are in a small business you do this for profit and loss and for risk reward.. don't want the risks don't buy rentals.