Dtknuckles
Well-Known Member
As I understand it, the benefit for NOT being flexible up until now has been that if you have to evict someone it's usually not that tough to fill that space again. But if we hit 40% unemployment like some of the projections suggest, even for a short period, landlords are going to have to confront a reality in which they can choose between working with renters who fall behind, or evicting them in large numbers with no one to replace them.
I've also been reading that Airbnb is taking such an immense hit that property owners are leaving the platform. If they can't rent the properties, a lot of them can't afford to hold onto them, which means there could be a flood of new property supply hitting the market at the same time, which in turn means that the leverage normally held by landlords is weakened even further.
Yea I don't see why they couldn't work out a payment plan to keep people from vacating. Like tack on an extra 200 a month.