[sarcasm]Gave them their deposits back? Wow! What a compassionate guy you are.[/sarcasm]Canada2017 said:We have had 3 tenants lose their jobs so far. Two left on their own and one the lease was over and sold the house .ATL Bear said:How many tenants are you going to evict when they can't pay rent? How much government support are you going to ask for to sustain your properties or recover lost rent?Canada2017 said:Mothra said:Canada2017 said:Some will shut down..the ones that are debt loaded.Mothra said:Canada2017 said:It has already cost me at least $ 200,000 one way or another .Mothra said:Canada2017 said:It has affected my tenants as well.J.R. said:I'm not saying a lockdown is the answer, hell I'm not smart enough to know the answer. It is a real tricky balance between virus mitigation and not completely tanking the economy. We all can't afford not to have income to support our families and ourselves. My businesses have suffered greatly during the last 8 months. One of my businesses is multifamily real estate. Depending on the property, I have many, many tenants that work retail, and or the service industry which have been decimated. We have been working with them on rents, ect., but that can't continue much longer. Unfortunately , my lenders expect their money. It's a hell of a pickle! It all just sucks.Mothra said:J.R. said:
For all you deniers, I sure hope people around you don't start dying. i'v lost 4 and counting. One of my BU fraternity brothers is currently in the hospital and going down fast in Houston. It's real, folks. Everybody, can do what they want, but I chose to do my part based on the best science we have.
No on this thread has suggested anything other than reasonable proposals. But lockdowns for 90 days is not the answer and will lead to more deaths and misery. Some of us need to pay our mortgage and health insurance. As the father of a special. Reds child, I can't afford to be out of work.
I have friends who have lost parents and grandparents and a dad who lost his best friend. It's the reason we are not spending thanksgiving with him. Isolation and lockdowns forever however are not the answer.
But money can be replaced...lives cannot .
See this is my problem with your position. You'll be fine financially regardless. It's not the sacrifice for you it is for others.
Stay in your basement if you want. Don't ask the rest of us to have our families ruined.
But again, we are talking only 3 months .
We are fortunate the scientific community is going to save us from our own shortsightedness .
3 months of financial suffering or death for additional thousands ?
Good grief you are an attorney and cant ride out 3 months ?
My legal leg breaker could ride out 3 years and still order top shelf .
So just three months? How does that work exactly. My law firm and all their clients' businesses shut down for three months and then magically restart where we left off? You think that's how this will work?
Come on man. You're smarter than that. Millions of businesses will go under and I won't have a job in 90 days.
Other businesses with cash reserves will fill in their niche very quickly......and make even bigger profits.
That's how it always works. Those that manage their debt load usually get ahead in the long run . Those that can't.....lose eventually .
Sorry guy...but there are always other jobs.
Choices.
But dying is a one way street....no overs.
You might want to research how many people died during the depression because that's what your scenario would lead to.
As flippant as you've accused me of being, you've been awfully flippant about other people's financial ruin. It's easy to be flippant when you've got a cash reserve. As you well know, most Americans are not so lucky.
You're scenario is unworkable and absurd. Thank god no reasonable politician would allow such authoritarian policy here.
I choose not to live my life in fear.
You have expressed your fear of unemployment and it's priority over peoples lives since the beginning of this pandemic .
As the death count reaches a quarter of a million , nothing has changed. Your job is far more important to you than peoples lives .
And although many people feel the same ....it should be obvious to everyone.....
jobs can be replaced but dead.....is DEAD.
We gave all of them their deposits back in full.
One lady we reduced her rent by 30% the last 3 months of her lease, returned her deposit in full, and gave her $ 2000 dollars to help move.
We have not taken a penny in government assistance nor asked for it .
For the record I expect the rental situation in northern Colorado to get much worse over the next year.
40% due to covid and 60% due to the Dems inevitable assault against the energy industry .