I’ve built several, but currently own none, so I don’t have a dog in this fight. I know many families, though, who have invested their life savings in building rental properties, most often in disadvantaged and working-class communities.
I feel for the poor owners. They are all trying to get out, but I’m sorry to say, I feel they’re doomed.
Well atleast the poor owners won't be getting evicted themselves. I'm sure someone can see the positive here? Your poor owner friends won't be living off the streets.
You bet it can disappear! There is no moratorium from the banks - if there is a mortgage on that property, and it's not paid on time, the bank will foreclose and take the house away.
Interesting.