What some people don't realize, is that landlords have to pay mortgages and property insurance, in many cases they are small business owners too.
I am not in the R.E. business, but used to be, and can tell you Real Estate has the lowest profit margins and highest fixed expenses of any business. PPP loans do not help for a business when 90% of the overhead is mortgages and property tax and insurance.
Don't blame the landlords, blame the leftist governors that shut the business down
What some people don't realize, is that landlords have to pay mortgages and property insurance, in many cases they are small business owners too. I am not in the R.E. business, but used to be, and can tell you Real Estate has the lowest profit margins and highest fixed expenses of any business. PPP loans do not help for a business when 90% of the overhead is mortgages and property tax and insurance. Don't blame the landlords, blame the leftist governors that shut the business down
They shoulda let the local politician Fuck their kids
How is anyone shocked that this would happen?
huh; dont california was force to close all the business included the gym......
Before I feel sorry for them need to know if they voted for Biden & Newsom. If so, suck it! Northern Bay Area extremely lib.
Yep. You get what you voted for in that regard.
They don't care. I'm sure a politically-connected friend will manage to pay the fines and take over the business for chump-change.
You’re blaming the landlord?