Originally Posted by
moondog
Given the choices, I'd much prefer to be asset light than asset heavy in the current environment....much easier to walk away when you aren't swimming in hundreds of millions of dollars in debt.
There are good arguments for both models. I prefer to "own" what I use to trade from.
The other method is to go to some form of liquidation, or administration, and then do a pre-pack deal. Been done before. ( and will be done again by many in a few months time I think ).
Personally speaking, we own a number of warehouse units ( tenants getting Gov support - but will go bust ), but no mortgage. In a few years time we can re let. I have sold our last remaining house that we let to fund us though the two or three years that there will be no industrilal tenants. House prices will fall. I got 70% of value but I got cash. I can now ride it out.
Keep safe.