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A comment on Big landlords used software to collude on rent prices, DC lawsuit says. Parent comment

Re:Big landlords used software to collude on rent prices, DC... by trgn on Thursday November 02, 2023 @01:03PM (#38116618)
Banks are that stupid. For loans, you demonstrate expected rental income, based on rents of comps. We were in that exact situation. Just provided estimates based on a listing search. Question of vacancy rates or whatever did not come up.
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Re:Big landlords used software to collude on rent prices, DC... by lotsofpulp on Thursday November 02, 2023 @01:29PM (#38117074)
Did you have a stipulation of maintaining a certain debt service coverage ratio, otherwise the lender can consider you to have defaulted?
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Re:Big landlords used software to collude on rent prices, DC... by trgn on Monday November 06, 2023 @03:27AM (#38160038)
No. This was multifamily, and we occupied one unit. Wrt default, not sure wrt all the details with property liens, but isn't that only when you don't make your monthly payment, regardless of income?
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