SeattleRocks
Recycles dryer sheets
- Joined
- Mar 18, 2019
- Messages
- 72
Been thinking about this today. I see a lot of you have rentals and gain a lot of passive income that you depend on via your rentals.
With Covad-19, are any of you seeing your rental income be threatened or think that perhaps that will happen? I think overall this could be a massive hit to FIRE'D folks.
Massive job loss = loss of income = lack of ability to pay rent
If we do indeed go to high unemployment rapidly (ie,. 15%+) coupled with the fact that a high percentage of people in AMER have low ability to even scrape together $400 makes me believe that there is going to be a massive issue with renters and those depending on rental income.
How are you handling this or thinking through it and are any of you already seeing the ramifications of layoffs on your rental properties/income?
With Covad-19, are any of you seeing your rental income be threatened or think that perhaps that will happen? I think overall this could be a massive hit to FIRE'D folks.
Massive job loss = loss of income = lack of ability to pay rent
If we do indeed go to high unemployment rapidly (ie,. 15%+) coupled with the fact that a high percentage of people in AMER have low ability to even scrape together $400 makes me believe that there is going to be a massive issue with renters and those depending on rental income.
How are you handling this or thinking through it and are any of you already seeing the ramifications of layoffs on your rental properties/income?