Comment by flotzam
15 hours ago
Ah. That makes sense. Maybe the polite fiction would clash too obviously with accounting standards once the (de facto) lowered rent payments roll in: https://news.ycombinator.com/item?id=48567769
Could the situation be improved then if financial regulators started treating both versions ("temporary" vacancy / "temporarily" lowered rent) equally? Tolerate both or crack down on both.
Banks maintain the capital/liquidity ratio’s they’re told they have too.
People are actually advocating for looser lending requirements, which I’m perfectly fine with but the result might not be what they expect either.