<story><title>Millions of Americans skipping payments as wave of defaults and evictions looms</title><url>https://www.npr.org/2020/06/03/867856602/millions-of-americans-skipping-payments-as-tidal-wave-of-defaults-and-evictions-</url></story><parent_chain><item><author>bshipp</author><text>This is just the start. Landlords would be smart to work with tenants to share some of the loss and renegotiate temporary adjustments to keep at least some revenue coming in because the heady days of high demand for rental units is likely behind us for a while.&lt;p&gt;It&amp;#x27;ll be worse in downtown areas. I&amp;#x27;ve heard from multiple firms that are looking at downsizing their expensive office space and continuing to allow employees to work from home.  if a person doesn&amp;#x27;t have to work downtown they will often choose not to live there either.&lt;p&gt;COVID is going to change the face of urban real estate.  So if you have a tenant, they&amp;#x27;re gold and do what you can to keep them.</text></item></parent_chain><comment><author>dv_dt</author><text>Unfortunately, as part of the unfolding of the post 2008 recession, a lot of rentals shifted from individual or smaller landlords to larger corporate landlords whom take a much more impersonal approach to making it through the depression.  To some degree, to the extent they can take out holdover loans and let rentals sit empty, they will do just that - irregardless of the social utility of compromise.&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.theatlantic.com&amp;#x2F;technology&amp;#x2F;archive&amp;#x2F;2019&amp;#x2F;02&amp;#x2F;single-family-landlords-wall-street&amp;#x2F;582394&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.theatlantic.com&amp;#x2F;technology&amp;#x2F;archive&amp;#x2F;2019&amp;#x2F;02&amp;#x2F;singl...&lt;/a&gt;</text></comment>
<story><title>Millions of Americans skipping payments as wave of defaults and evictions looms</title><url>https://www.npr.org/2020/06/03/867856602/millions-of-americans-skipping-payments-as-tidal-wave-of-defaults-and-evictions-</url></story><parent_chain><item><author>bshipp</author><text>This is just the start. Landlords would be smart to work with tenants to share some of the loss and renegotiate temporary adjustments to keep at least some revenue coming in because the heady days of high demand for rental units is likely behind us for a while.&lt;p&gt;It&amp;#x27;ll be worse in downtown areas. I&amp;#x27;ve heard from multiple firms that are looking at downsizing their expensive office space and continuing to allow employees to work from home.  if a person doesn&amp;#x27;t have to work downtown they will often choose not to live there either.&lt;p&gt;COVID is going to change the face of urban real estate.  So if you have a tenant, they&amp;#x27;re gold and do what you can to keep them.</text></item></parent_chain><comment><author>cft</author><text>In California for example, due to state-wide rent control, it&amp;#x27;s very dangerous for a landlord to lower rents. I would rather offer 6 months free rent than lock into permanent nonadjustable lower rent situation.</text></comment>