5 ms·
Suspend rent payments
by amiga_500 7y ago
Suspend rent payments
- ken 7y agoWithout work, I can’t make hours to keep my health insurance, so I’ll be forced to buy COBRA, which is just as expensive as rent. (Or I could risk going without, while living at this continent’s ground zero for a pandemic.) Entire industries are being shut down. There are no easy answers here.
- o-__-o 7y agoHelicopter money to small businesses.
- m0zg 7y agoProtip: COBRA is almost always more expensive than a comparable plan you can buy from an exchange. Often hundreds of dollars a month more expensive if you have a family.
- omgwtfbyobbq 7y agoThe only problem with getting a plan on an exchange is that you may need to satisfy a deductible again. YMMV of course. With COBRA I believe you can also pay your premium after the month it's due. This can be advantageous because you can opt to not pay for your last month before switching to another plan if you end up not using any services from your COBRA plan that month.
- pfranz 7y agoI'm curious how this works in practice? Rent pays for groundskeepers, repairs and maintenance, your landlord's income, insurance, etc. Mortgages seem more straightforward. You would still owe the original amount and are likely still accruing interest.
- mc3 7y agoNew problem: debt secured on property investments to businesses.
- fortran77 7y agoLandlords don't have expenses?
- amiga_500 7y agoLet them go bankrupt or have the banks suspend mortgages. Not having a homeless crisis is far more important than protecting rentiers. Just throw them under the bus. They are not actually doing anything anyhow.
- fortran77 7y agoI have property tax. It's not just mortgages. And there's all sorts of compliance issues even in a closed building.
- bequanna 7y ago> Let them go bankrupt or have the banks suspend mortgages. Is this a serious comment or are you trolling? Forget about a recession, the devastation a policy like this would cause would plunge the US into a full blown depression. Deflation and asset price collapse across the board. YEARS of stagnation. (To me) the answer here seems clear: A direct bailout in the form of $ to consumers and some mix of direct $ and tax credits to businesses.
- mc3 7y ago"No such thing as a free lunch" - some 80's unpopular lady, but she might have a point!
- 7y ago
- ehnto 7y agoWho pays the landlords, they aren't public utilities after all. Yet, a government stimulus to landowners instead of citizens would be a bit disingenuous in my opinion.