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Landlords have more expenses than just mortgage payments. Property taxes, insurance, HOA, property management, maintenance. Suspend all of those too?
by ralph84 7y ago
Landlords have more expenses than just mortgage payments. Property taxes, insurance, HOA, property management, maintenance. Suspend all of those too?
- vkou 7y agoWhich are either comparably small, or can be deferred, by virtue of just... Not paying them on time. You're better off not paying your HOA on time, than not paying your bank. People have expenses, too. Food, transportation, healthcare. Hard to deal with when you don't have a job. The landlords will have to deal with their other expenses, too. At least they aren't going to get their properties repo-d, after their tenants stop paying.
- ralph84 7y agoBoth HOA and property taxes are a lien on the property and will eventually lead to losing the property if you don’t pay them. You seem to be assuming landlords are “rich” and tenants are “poor”, which may be true in many cases but it’s not a given. If you want means-tested benefits, just hand out cash based on means.