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by mulmen 2146 days ago
All the people who just got evicted? Probably a good time to invest in Uhaul.

I agree, seems incredibly short sighted. I’m not a landlord so maybe I misunderstand the thinking.

Is it something like tenants who get evicted then have to find even worse landlords to rent from so by evicting people in tough economic times you gain access to tenants at their lowest rate/most desperate? So effectively any tenant you get in bad economic times is someone who is more likely to be stable and reliable after recovery?

I’m totally making things up at this point. It is truly baffling to me.

1 comments

Yeah I'm sure it depends on where you live

If you have tenants in NYC right now who aren't terrible, I think you want to keep them because there are a bunch of empty apts

In NYC if you want a good apartment right now, you can significantly underpay for the next couple of years (if your lease is up), but a lot of people whose leases are up are leaving

You make a good point, though. There will be a large shuffle for the next few months (and probably gradually back in the following years), so whoever "makes shovels" for moving will be in a good position