Re:California will pay off all past due rent
by ericmcer on Tuesday June 22, 2021 @04:15PM
(#27596611)
So I should be fully leveraged to the point where not getting rent will cause me to default immediately. This is a frustrating thing as someone who saves and has a safety net and other fallbacks in place. The current economy continues to reward taking on as much debt as possible (stocks only go up, houses only go up, past due rents covered, etc.) and punish ever having cash in reserve.
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Re:California will pay off all past due rent
by _-david-_ on Tuesday June 22, 2021 @05:11PM
(#27597268)
>So I should be fully leveraged to the point where not getting rent will cause me to default immediately.
It is not immediately. This has been going on for a year.
>This is a frustrating thing as someone who saves and has a safety net and other fallbacks in place.
It is one thing to save, but many people are not able to save for a year or more. They may have lost their job AND no longer get any rent money for a year.