Investment BS Thread - Stocks/Futures/Mutual Funds/Bonds/Commodities/Options/ETFs/401ks/Etc

On that note, I do think it is crazy how many corporations own and rent family sized homes. I get apartment complexes as the construction cost is so high.

 

That's why I have been saying we have alot further to go on the market than here, and why it wont rocket right back up to where it was a few months after this is "over".

The banks dont want to own a bunch of foreclosures, you just cant suspend rents, then again you are going to have at least half the nation out of work for at least a few months and you just cant start booting people out of their homes. I do like extending the length of a mortgage if need be.

Oh and fuck the banks I dont care about them. They are part of the reason no one saves anything and is up to their eyeballs in debt.

 

My theory of a quick (or somewhat quick) recovery relies on this lasting another few weeks max. If we go past that, I will take all predictions off the table. It all comes down to how long the economy is shut down in my opinion (much more than the virus itself).

 

I guaran-fking-tee that if a tenant does that without first talking to my wife and I, they will be moving at the end of their current lease.

 

It is a much more destructive domino if your landlord is some normal guy who owns a few places and takes care of them for his income. I am sure corporations can absorb a few non-payments much better. The investor who owns property might end up in a position where he or she can't pay their own bills. It's a viscous cycle.

 

Yup. It will go for a few more months for sure as it hits the other metro areas. Hopeing some medical trials pulls some miracles out of their butts pretty quickly here!!

 

I think that's where the SBA loans are supposed to backstop that.

I'm pissed I dont qualify I want some of my tax money that was, stolen, I mean taken from me, back!!

 

I know. I used to work with a guy who owned several rental homes in the area. I could only imagine if a few tenants just decided not to pay. I know that guy probably has enough cash rat holes lto float him for a bit, but it could be detrimental. At some point if it got bad enough, i guess suspending all debts across the board would be the only option if we refused to reopen.

 

I hope there is a group of people out there, much smarter than me, who are trying to determine where the "break" point is. The point in which we have to either reopen everything and let the virus run its course, or the economy (and society) implodes. There has to be some analysis like that going on.

 

We’ve got to open businesses back up. This is messed up man. Shutting down family owned businesses because the .gov said so. It’s screwed up. Let the sick and elderly quarantine. Everyone is going to get this stuff anyways. Better for us to get it and get over it than to go in hiding and stretch it out. Rip it off like a bandaid! This is bs!

 

My parent's are in the process trying to navigate the SBA loan to keep their employees on the payroll even with no billables being received, its a nightmare to say the least trying to navigate and get through the process.

 

Its about not overburdening the healthcare system. Ripping off the bandaid would led to farrrr more deaths than trying to "flatten the curve" which we are doing now.

 

Oh and where are all the "screw them let them fail or file for BK, they should have had 6+months of cash on hand to keep the operation running" people when it comes to landlords like were up in arms when other businesses got some $$$?

 

Exactly parents can handle a 4-5 month hit, but with no elective procedures from their doctors being billed, there's no cash flow, no reason to keep employees on payroll, etc. And my parents are trying really hard to keep them employed even without any work.

 

Yeah I posted that article here. They wanted to go on rent strike. And not to say that rent should be postponed, just straight up not paid. That's my generation, and it sickened me to see that. I understand unemployment and being fired, but to say that because of that, your rent should be forgotten about is a load of crap. I hope that dude gets evicted and the judge laughs in his face.

I think we're past a quick recovery now already. I think unemployment will take a divebomb when we "reopen" as everyone who is on furlough/temp unemployment will all flood back at once, but otherwise it's going to be a slow ramp up by this point.

If it's a private landlord (IE: If I owned a 3 family building) I agree, they should have 6 months backup. But they shouldn't need to use their emergency fund to supplement someone else who can't pay rent because they aren't filing for unemployment. And if it's an apartment building/property management company, same deal. They should be able to float a few months but not because, let's say, me as a tennant loses my job and decides I am just not going to pay rent because the evil landlords are evil and just making money off me

 

I don't think it's fair to compare the average Joe who owns a duplex to Boeing.

 

Few months holy moley I wish man. People in this country are living pay check to pay check. 2 more weeks and no one is going to have money to buy food!

 

Yeah suspend rent payments but land lords still have to pay taxes and mortgage? GTFO thats not how it works. Rent strike only fucks over the 60 year old guy who worked his whole life to have a rental condo, not the government.

 

I agree, but with the bump in unemployment rates, the government is putting quite a bit in pockets...

 

I hope so man, I really hope so. I am praying for this country man. The small business owners are in big trouble. I could give a shit about Boeing and Delta and GM they are always too big to fail