Updated about 5 years ago on . Most recent reply
Adequate reserves in post-COVID world...
The article above got me to thinking about whether or not we need to re-think what an adequate amount of reserves in this post-COVID world should be. Traditionally, the advice has been 6 months, however with eviction moratoriums, etc., perhaps that should be re-visited? In the example above, these folks "may" have had reserves that were traditionally adequate but bad tenants + COVID has forced them into a terrible situation - including homelessness, while tenants still have a place to live. I assume this is not limited to Washington state, as eviction moratoriums are in place all over the country.
Thoughts on what the right approach should be going forward?