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Let 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 th
by amiga_500 7y ago
Let 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!