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apartment complexes don't get built on cash

Posted on: March 16, 2020 at 16:05:02 CT

tigerinhogtown STL

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M.O.B. Votes:

they get built on loans. Does the bank want to own a large % of homes and complexes? no, see this for what it is, a temporary situation and keep those people you have business relationships with solvent by delaying collections a couple months.

This is not forgiving debt, it's delaying collections

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MESSAGE THREAD

you want to put peoples financial concerns to rest - tigerinhogtown STL - 3/16 15:46:13

wow (nm) - pickle MU

- 3/16 15:47:28

go on, I know it's a drastic move, but please point out - tigerinhogtown STL - 3/16 15:51:18

besides its being tyrannical and anti-capitalist, - pickle MU

- 3/16 15:57:06

if the 5 biggest banks in the US just decided to do this - tigerinhogtown STL - 3/16 16:01:53

RE: if the 5 biggest banks in the US just decided to do this - pickle MU

- 3/16 16:03:35

I own 7 properties, I fully expect to be shorted on rent - tigerinhogtown STL - 3/16 16:08:53

irrelevant. - pickle MU

- 3/16 16:14:25

Cut taxes. (nm) - ummmm MU - 3/16 15:47:26

won't stop layoffs(nm) - tigerinhogtown STL - 3/16 15:51:39

Cut the taxes of the laid off employees too. - ummmm MU - 3/16 15:52:55

doesn't give them the $$ required to make next months - tigerinhogtown STL - 3/16 15:53:51

but **** the landlord, right? (nm) - pickle MU

- 3/16 16:02:00

I refer you to the parable of the unforgiving lender - tigerinhogtown STL - 3/16 16:10:48

the landlord isn’t a lender - pickle MU

- 3/16 16:13:52

Is there anything you give two ****s about? - redngray MU - 3/16 16:20:09

he is lending his property to a renter on a month by month - tigerinhogtown STL - 3/16 16:16:23

No (nm) - pickle MU

- 3/16 16:19:37

If I can take it back, I lent it to him(nm) - tigerinhogtown STL - 3/16 16:24:57

Tax breaks to landlords that waive monthly rent. - ummmm MU - 3/16 15:55:00

if they are holding a mortgage on the property they rent out - tigerinhogtown STL - 3/16 15:58:42

It doesn't have to be paid from rent. - ummmm MU - 3/16 16:00:35

apartment complexes don't get built on cash - tigerinhogtown STL - 3/16 16:05:02

people buy properties to rent to others - pickle MU

- 3/16 16:15:19

and the vast majority of those landlords have mortgages - tigerinhogtown STL - 3/16 16:19:35

Then the bank can make that arrangement voluntarily - ummmm MU - 3/16 16:07:06

and I'm not offering a bailout - tigerinhogtown STL - 3/16 16:13:54

It's because the airlines and banks are cronies - ummmm MU - 3/16 16:21:15

okay, I'm giving you 2 choices - tigerinhogtown STL - 3/16 16:27:17

The govt can't accomplish No. 1 (just a few businesses here - ummmm MU - 3/16 16:36:48