Re:Almost 90 percent of NYC bars and restaurants couldn’t pa...
by nradov on Tuesday September 22, 2020 @12:22AM
(#24550818)
Many commercial property mortgages already contain clauses allowing the borrower to defer payments if they don't have a tenant. For those that don't, well they should have negotiated better terms before taking out the loan.
Re:Almost 90 percent of NYC bars and restaurants couldn’t pa...
by t-writescode on Tuesday September 22, 2020 @12:19AM
(#24550797)
Is it turtles all the way up? Do the landlords who are paying down their mortgage also get a deferment?
What do we do about the people that presently have no money? Do we also give them a stipend to pay for food, etc? Or force them onto credit cards?
Re:Almost 90 percent of NYC bars and restaurants couldn’t pa...
by peteretep on Tuesday September 22, 2020 @12:21AM
(#24550813)
If you can borrow from the central bank, the buck stops at you. Seems fair
Re:Almost 90 percent of NYC bars and restaurants couldn’t pa...
by imtringued on Tuesday September 22, 2020 @06:13AM
(#24552800)
You can live with endangering the banking infrastructure? The place where all your hard earned money is stored at? This will end with a bank bailout because nobody wants to lose their money because some idiot decided to implement deferment of loan payments.
Re:Almost 90 percent of NYC bars and restaurants couldn’t pa...
by respondo2134 on Tuesday September 22, 2020 @01:02AM
(#24551025)
>>It's not exactly fair to landlords who own the properties outright, but, I can live with that.
Well of course you're OK with that, you're obviously not a property investor who worked to get free and clear. What if instead we levied a special premium salary fee on technology workers who make more than the median salary? Not really fair but us worker bees are OK with it...
It's not exactly fair to landlords who own the properties outright, but, I can live with that.