tag:blogger.com,1999:blog-2970975545475697571.post6158003566779974456..comments2024-03-28T16:12:08.205-04:00Comments on Eaton Rapids Joe: This has been a weird "recession"Eaton Rapids Joehttp://www.blogger.com/profile/09102166969915526172noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2970975545475697571.post-37902967414324531082020-11-02T11:45:08.831-05:002020-11-02T11:45:08.831-05:00It's a shame that eviction bans can't go h...It's a shame that eviction bans can't go hand-in-hand with moratoriums on mortgage payments, local real estate taxes, and insurance premiums, just for on rental property. Push some of the pain back onto the financial community, who all seemed to skate during the 2008-2009 fiasco.<br /><br />Just goes to show you who the "Establishment" is trying to take care of, really. ruralcounselhttps://www.blogger.com/profile/09193188081686431709noreply@blogger.comtag:blogger.com,1999:blog-2970975545475697571.post-72560825915571435342020-11-01T19:20:55.298-05:002020-11-01T19:20:55.298-05:00Another problem which will become more evident is ...Another problem which will become more evident is that the mortgage debt on these rentals was sold in tranches to investors world wide. And a significant portion was sold to retirement funds in the US to fund retirement payments. And it's easy to see where that is heading when the defaults and foreclosures begin. --ken coyoteken48https://www.blogger.com/profile/06182514695395380561noreply@blogger.comtag:blogger.com,1999:blog-2970975545475697571.post-86498677361213794892020-11-01T16:58:51.645-05:002020-11-01T16:58:51.645-05:00Entertainment/Hospitality was hit hard.
The disto...Entertainment/Hospitality was hit hard.<br /><br />The distortions will percolate through the economy but since it is novel it will surprise many people. Me included.Eaton Rapids Joehttps://www.blogger.com/profile/09102166969915526172noreply@blogger.comtag:blogger.com,1999:blog-2970975545475697571.post-25699392168758967842020-11-01T12:37:30.076-05:002020-11-01T12:37:30.076-05:00Part of it is a lot of people got the extra unempl...Part of it is a lot of people got the extra unemployment payments that made them more money than many of their jobs were paying them. <br /><br />Both commercial real estate and residential real estate are in deep trouble and with the CDC ban evictions on residential non-payers are still difficult.<br /><br />The pain is only hitting some sectors and keeping a stable lid on the rest for now.Aaronhttps://www.blogger.com/profile/08146728790019377401noreply@blogger.com