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> What do the lenders do when the owner can't make the loan payments

Doesn't that cause a repossession?

So the banks somehow pushed a minimum rent clause to the mortgages, and now they're going to win big by repossessing in a market where the rent doesn't get high enough?

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I don’t think winning big looks like owning property that couldn’t be profitably rented out by a professional land lord. Maybe on long time horizons it will, but in the short term that looks like losing your shirt but getting to keep your hat and pants.

If someone has already paid you x% of a property, it’s a lot easier to sell that and still make a massive profit.

But they have to lower its value to sell it. This has a domino effect on property values

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