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Old 04-07-2020, 09:16 PM   #168
Risto the Great
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Location: Macedonian Colony of Australia
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Gocka, you are talking about USA. The land of the free.
The socialist republic of Australia is different, landlords are being told they cannot evict anyone for 6 months. It is expected they will reduce commercial rents proportionally to accommodate the reduction in business activity of the tenants. (Because every accountant knows this will be a simple black and white calculation ..................).

(Interestingly, a fruit and veg retailer client of mine has said his turnover has doubled during this time. But his cost of goods has quadrupled. He misses out on any government handouts at this stage as a consequence of his turnover)


Meanwhile the banks will benevolently defer the interest (bless them). So the landlords get nothing in many cases, and the tenants pay nothing (but receive substantial subsidy from the government) ... yet the banks DEFER the interest and add interest on top of the interest.

I want to come back as a bank in my next life.

There will be generational pain.
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Risto the Great
MACEDONIA:ANHEDONIA

"Holding my breath for the revolution."
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