http://nvar.com/disclosure/nvar-law-ethics-portal/legal-knowledgebase/disclosure/real-estate-laws-leasing-with-impunity-a-landlords-guide-to-diplomatic-immunity

The European Commission, in its investigation of the Libor scandal this year has uncovered two international banking cartels that were used to influence the Libor benchmark interest rate and set bid-ask spreads.Royal Bank of Scotland (RBS) was given immunity by the Commission for revealing the existence of the first banking cartel.

Also, my guess is that the HOA or the bidder of the home is somehow immune to the personal credit rating hits that we original homeowners get when we don't pay.

its a federal law spawned from the deep dark days of 08 to 2010 when landlords were losing homes left and right and then tenants were being displaced because landlords were ripping rents and handing the homes back to the banks in droves.. this fallacy that rentals are immune from financial downturns is just not reality.. 

So it presses on rental housing in historic fashion, pressing rents sky high, which will drive those who can respond, the institutional investor, because they don't have to reply on financed funds thus a certain immunity to lending rates. 

Unless the tenant says they have covid or is someone in a high risk group (immune system compromised, elderly, etc.)

Economic Update(Monday, February 15, 2021)I was never a big believer in “Herd Immunity” until now.

If so, you may be immune from capital gains tax and then the depreciation would not matter.

As I wrote weeks ago, the best stimulus for our economy is not checks, but rather a COVID vaccine (and herd immunity).

When money chases an opportunity at scale there is always the risk of a market being flooded and our local focus is not immune from national trends.