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Mar 22, 2020 • 7 tweets • 1 min read
There’s no way we can sustain an economic lockdown past 30 days. That’s when people start to miss rent. All the people now renting out of the 2007-2008 crisis.
So then you have two options. The first is that the government declares you can’t evict people.
In that scenario...
The real estate companies that own all the apartment buildings, complexes, & commercial spaces will not be able to service their debt and will default.
This will be a default on the scale like we’ve never seen that will threaten the structural fabric of the economy.