Current Events > What's going to happen when all these landlords go bankrupt?

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Squall28
05/14/20 6:55:39 PM
#1:


Banks going to have a firesale?

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Squall28
05/15/20 10:59:58 AM
#2:


bump

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ScazarMeltex
05/15/20 11:02:13 AM
#3:


There will be plenty of housing that people can afford again.

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Questionmarktarius
05/15/20 11:03:34 AM
#4:


ScazarMeltex posted...
There will be plenty of housing that people can afford again.
[JJJ laugh]

The buildings will be picked up cheap by speculators, then converted into condos.
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Austin_Era_II
05/15/20 11:04:05 AM
#5:


They'll kick all the tenants who aren't paying out and get new tenants that have money.

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tigerslashII
05/15/20 11:04:13 AM
#6:


It'll just pass from the hands of one breed of landlord to another.

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ScazarMeltex
05/15/20 11:04:13 AM
#7:


Questionmarktarius posted...
[JJJ laugh]

The buildings will be picked up cheap by speculators, then converted into condos.
Depends on where at but that is of course a possibility.

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NeoBowser
05/15/20 11:04:43 AM
#8:


i wish mine would go bankrupt

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AlephZero
05/15/20 11:05:30 AM
#9:


After Bernie wins all vacant housing will be redistributed for free to those who need it.

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TheMikh
05/15/20 11:10:19 AM
#11:


if landlords go bankrupt, it will be (a) because their assets are little more than leveraged investments, and the bankers and their cronies will become the new landlords without the middleman, or (b) they're strangled by property taxes, in which case they'll sell to other [prospective] landlords or have their property auctioned off to other [prospective] landlords in a position to pay those taxes

it's not like all the renters are gonna collectively seize the means of habitation from landlords - and if they did, they'll inherit the property tax burden, like homeowners

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Were_Wyrm
05/15/20 11:14:26 AM
#12:


Then we get Mortgage Crisis 2: Electric Boogaloo and the banks get a nice bailout while the poor can suck it.

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