Like I said in my first post, I’m mainly a real estate investor.
Huge inventory and discounts ahead:
“Nearly a Third of U.S. Apartment Renters Didn’t Pay April Rent”
https://www.wsj.com/articles/nearly-a-third-of-u-s-renters-didnt-pay-april-rent-11586340000?emailToken=31e7fbd5905b9b4ce4f2f8ffaf2 7dcb2J1DVECmE4G6H5Bfe9e8DgYbGgVv3pgPuSDa6/3bLX4K6PqMb2LDrBeVGTybDLhTVE6kVVSVFiNERlEP+wwolwWX JT97D+d5p4UPe0hlaNMo%3D&reflink=article_email_share
That is a disaster.
Esp. since many/most landlords are highly leveraged with huge monthly nuts.
And many local governments are seizing on “emergency” declarations to suspend constitutional rights and force landlords to become free “public” housing providers.
California courts (not the legislature, but court administrators!) have now unilaterally decreed that no landlord can bring an action to collect rent or evict a tenant until THREE MONTHS AFTER California ends its self declared “state of emergency.”
Who knows when that will be? I’m sure many would want it to never end.
So for at least 4, 5, 6 months the California courts have decreed that landlords are locked out and have no way to assert their contractual rights. No due process of law for you! Some unelected court administrators have seized those rights. Nice.
They are basically telling tenants they don’t need to pay rent throughout the country.