Re:Oregon passed sweeping housing crisis laws
by sdenton4 on Saturday July 20, 2019 @11:46AM
(#20486420)
Great! If you can't fill the spot to your liking, you should get out of the game. Sell to someone who needs a place to live, or is comfortable lowering rents and dealing with the work load.
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Re:Oregon passed sweeping housing crisis laws
by toomuchtodo on Saturday July 20, 2019 @02:46PM
(#20487575)
The other option is to simply default and walk away from the property if you can't find a tenant, and you can't afford to eat the loss of selling it.
Re:Oregon passed sweeping housing crisis laws
by coredog64 on Saturday July 20, 2019 @04:58PM
(#20488328)
Not every US state is a non-recourse state.
Re:Oregon passed sweeping housing crisis laws
by toomuchtodo on Saturday July 20, 2019 @07:40PM
(#20488983)
Speaking from experience, you can still default in a recourse state with little consequence.
Re:Oregon passed sweeping housing crisis laws
by LargeWu on Monday July 22, 2019 @02:31PM
(#20500825)
"Sell to someone who needs a place to live"
This would have required me to take a huge loss on the property, which I would have had to pay out of pocket, to the tune of tens of thousands of dollars, which I did not have. I would have preferred to never rent at all.