2min chapter

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Real Estate in a Pandemic: Homeowners and Buyers (Part 1)

a16z Podcast

CHAPTER

I Don't Have to Pay My Rent, I'm Not Going to Pay My Mortgage.

There's about four point seven million mortgages, which is eight point eight per cent of all home loans now in forbearance. The real question is going to be what happens when things return to normal? Like i might say, i don't have to pay my rent. I'm not going to pay my mortgage. And hopefully that reverts over time. This is a health crisis that's become an economic crisis. U nobody wants to seize the asset because the assets are also stressed as well. It doesn't really help anybody to go do that....

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