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Here Come The Bankruptcies
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Here's a problem presented here as it pertains to restaurants but which is a problem that covers all businesses and residential renters, too: What's going to happen if you can't pay the rent? The problem isn't so much now -- the eviction moratorium helps that -- but when this is over. If you owe several months of back rent and you haven't been earning enough all that time to pay it, what then? And if you're a landlord, how are YOU gonna pay the mortgage? Why wasn't there a moratorium on rent AND mortgage payments for a certain amount of time? Because there's a domino effect that could be very, very bad for everyone coming soon. (Los Angeles Times)
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