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Updated almost 5 years ago,

User Stats

17
Posts
4
Votes
John S.
  • Rental Property Investor
  • Wheaton, IL
4
Votes |
17
Posts

Is this simply, the Govmt giving the banks our properties?

John S.
  • Rental Property Investor
  • Wheaton, IL
Posted

If Government takes away our income (stops our tenants from working, prohibits evictions), but not our expenses (doesn't freeze our mortgage interest & payments) - what's the difference?

I would rather banks fail than the people...but the Banks won't. Banks have insurance and get paid regardless if the loan goes into default(insurance pays) or not (mortgagee pays). Landlords do not (at least I don't).

Why are landlords expected to take the squeeze and not the banks??

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