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Reply to "UMich regent donates $30M days before "reopen" decision -- he is largest landlord in Ann Arbor. Wow!"
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[quote=Anonymous]He’s a real estate guy - he’s leveraged out the wazoo, even if he is a billionaire. If his real estate assets stop producing rent, the entire house of cards will fall. It’s also not just about the housing. He probably owns a ton of commercial RE too, which is already being slaughtered. He likely can’t juggle defaults on both commercial and residential RE. If schools didn’t reopen, He’d lose a ton of properties to the banks and would go into an asset fire sale. The value of university-owned real estate would also plummet, including income producing RE.[/quote]
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