Wrote a short little thing about possible $CAKE metagaming its landlords this morning.https://lizardbrain.substack.com/p/corona-cheesecake-and-testing-the …
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Replying to @LAForeverHall
It's an interesting analysis though I think specifics matter a lot here. Let's assume a lessor cannot push this company into bankruptcy but can only repossess the property. The best course of action for the lessor is to provide forbearance on rents until reopening...
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Replying to @Negative_GW @LAForeverHall
After that, they can decide whether to collect past rent. Let's assume that a certain % of properties are paying above market rents and others paying below market rents. For a lessor in the latter group once reopening you definitely attempt to collect all past due rent...
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Replying to @Negative_GW @LAForeverHall
Now obviously during this crisis no one is going to be signing new leases but that will change once we get through this. Anyway, specifics matter a lot here.
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