So they follow each other very closely because mortgages and treasury securities are very similar from an investors standpoint. 

Any tenant could be taking their entire paycheck to the casino.  

There are incredible restaurants that rival nearby New Orleans and the casinos are clean and safe and top notch. 

Hey @Rick BorgoWe're actively investing in STRs in Atlantic City (with a non-STR investments as well) and are quite bullish on it.Beyond the casinos, Stockton University's presence has been a boon to the area.

No risk would be keeping the money in your pocket and walking away because gambling is a pretty bad idea in the first place (I work in casinos, so don't tell my boss I said that). 

A junk bond yielding 10% is higher risk than a US Treasury bond yielding 3%. 

That indicates the government support was artificially keeping rates low.Mortgage Interest rates are determined by the treasury note, not other factors.

The IRS Treasury Regulations merely require that you have the intent to hold for investment.

The fact that both the 2-year and 10-year treasury yield have inverted helps back this highly probably claim.

Emergency Rental Assistance Program (ERAP) is a $25 Billion program administered by Dept of Treasury.