Originally posted by @Russell Brazil:
Originally posted by @David J.:
@Russell Brazil forbearance is a joke. In 3 months I have a balloon payment. Unlikely tenants will have caught up to cover this. To your second point. It doesn't matter if landlords have reserves they should not be compelled by law to spend those reserves to provide free housing for abusive tenants with false hardships. While some tenants have REAL hardships, I am not talking about that. I am talking about a system that requires landlords to unfairly spend their own money to support extortion. Remember landlords are trying to survive the same pandemic and have their own families to feed. I hope we can get passed the cliche talk I am seeing in this thread and get down to the facts that something is wrong here with this policy.
When you invest in real estate, you deploy capital to get an expected return based on the underlying risk of the asset and market. To achieve higher rent collections during uncertain times, consider taking on less riskier assets. Those in higher risk assets, will be most exposed to the current situation. That is part of the risk of those assets. Those in less riskier assets, are going to better positioned. Investing isnt risk free. Thats why there is a return, because of the risk the investor takes on. Not comfortable with the risk, thats fine....reduce your risk levels.
Russell risk is one thing. But when you have a bill working thru the state senate to forgive rents for 90 days, we are not talking risk we are talking theft of your rights by the government.
