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MP4VT2004

Joined: 09/09/2007 Posts: 16646
Likes: 13850


Not exactly...I'd argue that it's an increased risk that was introduced...


...after the investment was already made. As noted in the story, eviction is a legal tool that has always been afforded to landlords. That tool was taken away (at lest temporarily) by an eviction ban after the owners/landlords were locked into their current investments. In other words, the rules changed, and those in favor of long-term moratoriums on evictions are essentially telling landlords "too bad." If this continues long-term, foreclosures will occur, and investment properties will likely become unattractive for new investors to buy. So what happens when the bank is left holding huge amounts of foreclosed rental properties with no one to purchase them? Banks aren't going to be landlords...so this is a bad proposition for both renters and the economy.

(In response to this post by typed by ben)

Posted: 09/25/2020 at 11:49AM



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Current Thread:
  This is why we aren’t renting a house now -- WestyHokie 09/25/2020 6:14PM
  Bunch of blood sucking capitalist pigs. -- MikeVT85 09/25/2020 3:17PM
  FWIW, re: restitution -- Beerman 09/25/2020 2:11PM
  I guess my point is... -- MP4VT2004 09/25/2020 2:55PM
  I feel badly for people that lose money on investments -- typed by ben 09/25/2020 9:03PM
  ...this guy ?... -- chumley 09/25/2020 1:12PM
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  Yep. Also see EIDL and PPP loans ** -- bluehokie 09/25/2020 5:20PM
  Life isn't fair ** -- ModerateHokie 09/25/2020 12:18PM

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