Mortgage rates shouldn't be considered and no one should be bailing out real estate speculators. A competent investor knows there is a market rate for rent, and would consider the variable risk of debt financing and would never have considered the 'investment'. Owners of units that aren't highly leveraged have minimal exposure to these rate increases. These people are simply greedy speculators that not only took stupid gambles, they are partially responsible for the current real estate crisis in the first place. High leverage, low interest rates drove high demand and market scarcity.
This ruling needs to be disputed as the adjudicator's decision appears incompetent, prejudiced, or both.
"I find the world and economic events in reaction to the pandemic were not reasonably foreseeable and have impacted the landlords, despite them taking reasonable precautions by accessing a mortgage through a recognized and well-known lender," the ruling reads.
Really? It wasn't reasonable to foresee this crisis with record low emergency interest rates and highest real estate prices in history? Idiot.
I figured when work replaced my machine with a new laptop with Windows 11, I'd give in and upgrade my Windows boxes, but I hate it so much. The UI is a confused mess and it's so buggy and slow, even on a brand new machine with 32GB of RAM. Just getting around file Explorer feels like the entire machine is coated in molasses. It's like using a 300 baud modem and I am typing faster than the characters can go. I feel like I am always waiting for files to load, I forget why I even opened an app.
My main machine has been on Linux for a couple years already and Waydroid let's me run proprietary apps. I'll probably give up on PC gaming and get a new PS5.