>old.reddit.com
They haven't announced any outright suspension, or even a reduction, of their dividend (last paid Mar. 6) to stockholders!
The stockholders are paying themselves first instead of their landlords!
Pure kek.
Real estate "investors" freaking out over Cheesecake factory rent strike
Alexander Carter
Thomas White
For those unaware, real estate investors are usually massively over-leveraged, and they need rental income to make interest payments.
For whatever reason, banks extend credit on extremely generous terms for real estate investing/speculation--even to retail borrowers.
Michael Cook
>For whatever reason, banks extend credit on extremely generous terms for real estate investing/speculation--even to retail borrowers.
“Whatever reason” ?
Artificially low interest rates and the moral hazard of constant bailouts from the federal government
Landon Cox
>Artificially low interest rates and the moral hazard of constant bailouts from the federal government
No, I mean even relative to other industries, real estate gets much more leverage and on more favorable terms.
I think it's due to mistaken assumptions about real estate not being volatile, and tending to only go up in value over time.
Logan James
Westerners live in debt up to their eyeballs. This was all inevitable.
Gabriel Adams
If these landlords don't get rent, they'll miss mortgage payments, and eventually find themselves in foreclosure.
Landon Walker
What is it with you redit trannies and rent this week?
Kevin Brooks
The Cheesecake Factory is a huge company. They have money. This isn’t the same as someone in an apartment losing their job. It’s probably in the landlords best interest to work out a payment plan for back rent once this is over, though, because it can take a while to get a commercial space rented . That is NOT the same as free rent.
Kevin Perez
>Mar. 6
This dividend could have been used to pay April 1's rent.
Pure kek.
Isaac Williams
I'm not anti-landlord, but I just think it's funny that this company chose to pay at least one more dividend to shareholders instead of next month's rent.
And the real estate investors flipping their shit about $CAKE not having set aside cash for rent are hypocrites who should have set aside cash to endure a a month or two without rental income, and not used so much leverage.
They deserve to get rekt.
Hudson Reyes
Ass blasted commie faggot shills.It’s the new you mad white boi threads. Sage in all fields.
Justin King
>commie faggot shills
How am I commie?
I'm praising $CAKE management for maximizing shareholder value.
Eli Taylor
Ok boomer
Carson Turner
I did IT work for a real estate management company during the recession 2008-2011 and every company, every business, every chain, from pizza hut to subway, was months behind on their rent. This isn't really a big deal.
Carson Allen
>I closed on a rental with a mortgage under my name right before Corona, can't find tenants, what are my options?
Owen Lee
Guess they just picked a poor investment then. ;^3
Samuel Kelly
Then bam, Cheesecake Factory buys it out from under them.
Joseph Carter
What the fuck is a vertical
What the fuck is this faggot babble
Nathan Johnson
Get out on the corner. Those dicks aren't going to suck themselves. Why did you buy the property if you don't have savings?
Brayden Martinez
>The Cheesecake Factory is a huge company. They have money.
lol, my company is a huge company, and has no cash reserves. We are #fukt and we're still open for business
Luis Taylor
Explain this to me like I'm 10, and then explain the explanation, please.
Xavier Moore
Why don't they get evicted/shut down?
Tyler Lewis
>every company was months behind on rent
Doubt
Samuel Jones
> when you can’t pay your rent you have a problem
> when nobody can pay their rent, it’s the landlord’s problem
Fuck the landlords, based Cheescake
Michael Williams
most major retailers are going to skip paying next months rent - the commercial owners need those rent payments to pay off the other pieces of their ponzi scene. accordion effect maybe gets catastrophic because these retards leveraged everything beyond all value.
corona-chan is throwing sand into the global economic engine that underpins the big lie.
Ayden Martinez
> end of month
Here's your rent
...
APRIL FOOLS !!!
Ian Anderson
Essentially.
Anything causing a catastrophic drop in real estate values, collectable real estate income, or both (coronachan), and these people are fucked.
Levi Morris
LOL what are the property owners going to do, evict them? No other business is going to move in and occupy.
Better just work with your business tennants.
Carter Diaz
True.
I only put 5% down for my rental property.
Ayden Rogers
This and real estate is good collateral.
Landon Gutierrez
Happening all again
youtube.com
Robert Murphy
Yeah but we’ll never learn
Gavin Reyes
youtube.com
he predicted again and he didn't know at the time of this interview.
Makes me wonder if this virus is a hoax to cover the banks
banks had to be bailed out last November and that didn't work
Isaiah Wood
Fuckem.
Cheesecake Factory fucking sucks anyways.
Jack Sullivan
Maybe it's more likely that property is an asset that a bank doesn't mind repossessing and owning?
Jonathan Brown
Lies. Their bread is godtier and their cheesecake selection is great. I don't mind paying $9 per slice since they are pushing 2,000 calories each.
Nolan Rogers
FORECLOSE THEM SO I CAN BUY THEIR SHIT DIRT CHEAP :D
Lincoln Rodriguez
It's true.
Pizza Hut (if I remember right) even recently pitched a strategy to their investors that included just not paying the fucking rent, and this was BEFORE the coronavirus shit.
Aiden Fisher
They snatch up the trapped equity.
Sebastian Garcia
This. It smells like a kike trick to gobble up property at ultra low rates.
Logan Allen
Banks issue credit to the masses. When enough people default and eventually trigger a financial crisis the government comes in and bails all the banks out so the banks can issue more credit. They can do this forever it seems, as long as the masses continue consuming.
Isaac Watson
Cheese Cake factory is normie tier. Friends visit form out of town and want to go like it’s such a special place, go and it’s filled with loud hood blacks taking up too many tables. And they we’re out of cheeseburger wontons. Stupidly over populated menu quantity over quality
Benjamin Peterson
Because finding someone else to move in is difficult. An empty strip business center can be a death sentence for a commercial property owner because it just LOOKS depressing and no business owner will want to move in there.
Mason Bell
Probably because if you kick them out it’ll be a bitch to find another tenant. If you kick out a grocery store then all the plumbing and equipment and layout is there and you pretty much can only rent the space out to another grocery store (or eat the cost of refurbishing it)
Charles Foster
Hiw many trillions will the Fed have to print for real estate crisis 2?
Cameron Gutierrez
Living in Lancaster can be considered a pre-existing condition.
Tyler Gutierrez
Isaiah King
>>old.reddit.com
>Sorry this is bullshit. They must have an emergency operating fund of some sort They are clearly looking to get some free or very cheap government cash.
Yeah, they gave that to their stockholders.
Brayden Baker
>only niggers and deadbeats can't pay their rent
Hold my cheesecake
>OH NO NO NO NO
Never, ever, EVER forget that the same corporations which try to goad you into 'doing the responsible thing' will not hesitate to do WHATEVER is allowed by law if it benefits them.
During the housing crisis when people were being scolded for letting go of their homes by the banks, those very same banks were defaulting on multi-million dollar properties if it saved them so much as a dime.
Morality and responsibility are for a predominantly white, Christian, high trust utopia. They were characteristics of 1950s America. They are not part of today's mutt America.
Kayden Foster
Isaac Green
>For whatever reason
Because that loan is backed by an asset.
Evan King
Eli Lee
Suck my cock leaf user ill help you out
Luke Gray
ding ding ding go the digits
Tyler Adams
>Because that loan is backed by an asset.
Bingo. The bank doesn't care. If you can't pay your mortgage, they'll have collected your premiums and still have the underlying asset. It's a sweet deal. Plus, you're required to carry liability insurance and even $$$ flood insurance if the structure is in a flood plain. A very good deal for the banks, and frankly a good deal for the borrower, so long as they can keep tenants. I've been on a shopping spree in my area as prices drop. Blood in the streets, mother fuckers.
John Miller
Obviously this virus is a cover-up for the banks/corporations/government fucking up the economy again.
It's also exposed how bluepilled Yas Forums is. There is a critical mass of poltards who actually believe the virus is a meaningful threat.
Aaron Walker
>The Cheesecake Factory is a huge company. They have money
That's not how globalised capitalism works.
It's much more often the case that the bigger the company, the more DEBT it has, not the more reserves.
John Ross
Fuck the landlord class!
Michael Edwards
>This isn't really a big deal.
Can't say that in the Corona era.
Zachary Rodriguez
Kek
Tyler Rogers
money go bye bye