More than half of American retailers didn't pay their rent in April and May

Re:More than half of American retailers didn't pay their ren... by rwmj on Thursday June 04, 2020 @05:05PM (#23421782)

> Renters stop paying their rent so landlords go broke. Landlords stop paying their mortgages

But I said in my question: "if we suspended mortgage repayments for N months and rental payments for N months"

Landlords are not paying their main cost (the mortgage) so why do landlords go broke? They have some fixed overheads but those are usually a few % of the mortgage.

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Re:More than half of American retailers didn't pay their ren... by AnimalMuppet on Thursday June 04, 2020 @05:11PM (#23421860)

That doesn't help the mortgage holders, though...

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Re:More than half of American retailers didn't pay their ren... by rwmj on Thursday June 04, 2020 @05:21PM (#23421978)

The normal way payment holidays work is the missing months are added at the end, and the interest (historically incredibly low at the moment) accrues as normal. So the mortgage holders are not really out of pocket here. Nor are the landlords since they can charge another tenant at the extended end of their mortgage term.

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Re:More than half of American retailers didn't pay their ren... by refurb on Thursday June 04, 2020 @06:02PM (#23422482)

Your ignoring the flow of cash.

The mortgage lender was counting on receiving the mortgage payment in May 2020, not in May 2045.

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