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The Big Question: Why Is Donald Trump Refusing to Deploy the Defense Production Act?

378
Belafon3/25/2020 4:12:24 pm PDT

re: #377 KGxvi

There is some concern among those who work in commercial real estate that this could be bad:

Rents stop coming, mortgages can’t be paid, foreclosures come… banks sitting on REO commercial properties is probably not particularly great for anyone (if our experience with them doing that on residential real estate after the ‘08 collapse is any indication).

It could be, but the owners need to think about long term. Would they rather be sitting on empty property, or places that just need to pull down their chairs when people are allowed back in? Lots of places are going to be hurting. They all need to get together and talk.