Quote:
Originally Posted by Bill Douglas
I'd been thinking about this a bit over the last few weeks. No job means no money to pay rent. I guess I'll just have to go hungry, but I'm not throwing anyone out of their home. No legislation in this country but I feel it's my moral obligation to look after my tenants and worry about the details (rent owing) at a later stage.
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Yeah, but in the mean time, your bank is up your ass with payments. Small residential units, they might be able to swing it for a couple of months, but some of the commercial rent or mortgage can be up into the 30-50,000 dollar range, per month. Lets say you own a ten unit apt and the rent is 1500 a pop. That's 15,000 a month you must carry or lost without any proof that they can't pay it. Its so new that no one know what's going to happen or if it will even go anywhere but simply proposing this is BS.