US Inflation and What To Do About It Message Board

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Strategies & Market Trends : US Inflation and What To Do About It

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To: John Vosilla who wrote (1470)	5/15/2020 9:53:41 PM
From: RetiredNow	Read Replies (1) of 1504

I can imagine. My father was into real estate for decades and I remember the hell he went through. The outrage against the owners right now tells you something. The first thing everyone says is, "Rent Moratorium!" Well, what they forget is that the owner is not a bad person. The owner put up his savings to buy that place and likely fixed it up to make it livable. Then the owner uses the rent money he gets from his tenants to pay his own bills, build up his own savings, and pay for his kids schools, etc. So when he doesn't collect rent, then his savings dwindle and he can't put food on his own table. So then what does he have to do? He has to sell, which means a lot of times the tenant is out too. It's a daisy chain of consequences for everyone. We're in deep caca now.

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