Reply to UMich regent donates $30M days before "reopen" decision -- he is largest landlord in Ann Arbor. Wow!

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I have a student at Michigan. Not sure why Weiser, who seems like a total jerk, would care if classes are remote or if students living in dorms come back. 70%+ of classes ARE remote, yet the vast majority of undergrads (most of whom live off campus after freshman year) would have signed their leases in the fall (mine signed in November) [b]and so were both legally obligated to pay up[/b] and quite likely to show up in town. If his only interest is in off-campus student housing, he could have had his legal team sue all who wanted to break their leases for a helluva lot less than $30million.

Also, the head of The Univ of Michigan is an immunologist (MD/PhD). Do I think his plan was perfect? NO, definitely not. But he’s clearly not a fool.[/quote]

Let me guess, you're also a landlord? You think a university trustee is going to sue and send bill collectors after thousands of university families who refuse to pay for an apartment they're not checking into?

And define quite likely. Because totally remote for the fall would have all but guaranteed a very large percentage would NOT pay him, and as someone up thread already said, real estate kingpins are all over-leveraged. The house of cards would tumble if 10 to 25% of families said piss off, we aren't paying -- let alone 50 to 60%.[/quote]

I’m definitely not a landlord, but I guess it shouldn’t be surprising that someone here thinks it’s perfectly fine to bail on your roommates and on a lease (my kid’s landlord rents out two houses in town...doubt his actions influenced anything).

All of my kids’ friends are back in Ann Arbor, for better or worse, and that was the plan for them all
along. Many have no in-person classes. I’m sure they think that it beats being home with Mom and Dad.[/quote]

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