Rental market in several months...crystal ball time...

[aslowdodge]

Originally Posted by skeddy

Banks like Wells Fargo are extending the moratorium on repayment.

Yes but the government isn’t allowing you to pay property taxes late. Or insurance. Or repairs.
Also if you are using forbearance your ability to get a loan will take a huge hit.

[SGMI]

Originally Posted by oregonwoodsmoke

I know several landlords with non-paying tenants where the tenants still have good income and could pay rent with no problems, but they stopped paying because the government told them they didn't have to pay. I sincerely hope that those tenants are soon going to be joining the herd of homeless.

The landlords also get a judgement for the balance owed, and then 1099 the prior tenants each year for interest on the judgement that the landlords chose not to collect. It's the gift that keeps on giving, to remind people of their past bad behavior!

[mathjak107]

Originally Posted by SGMI

The landlords also get a judgement for the balance owed, and then 1099 the prior tenants each year for interest on the judgement that the landlords chose not to collect. It's the gift that keeps on giving, to remind people of their past bad behavior!

Most tenants in that position will just declare bankruptcy…game over