>>512189935
>What would happen if their homes burned to the ground
>insurance
They’re likely self insured. Why pay extra for insurance when you own 200,000 houses? The risk is spread through volume.
The destroyed housing would reduce their asset value and income stream because no renters, and force them to pay for repairs or sell at a loss.
If it happened to a large enough percentage of their assets, it would cause their loans to default and crash the fund.
In Minecraft of course.
