The country’s real estate market is in chaos and on the verge of collapse. That’s according to Colony Capital CEO Tom Barrack, who said the industry was in such dire straits because the government is letting renters and homeowners skip payments due to the coronavirus. He made his comments in an interview with Bloomberg Television Friday. Lenders and landlords can normally use the court system to enforce rent and interest payments, but they do not
source https://therealdeal.com/2020/04/27/tom-barrack-says-re-industry-verging-on-collapse-over-rent-mortgage-waivers/
No comments:
Post a Comment