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Landlords do not need to invest in the S&P 500 right now; keeping the stock market going is not more important than people who can't pay rent. If the landlords
by magduf 7y ago
Landlords do not need to invest in the S&P 500 right now; keeping the stock market going is not more important than people who can't pay rent.
If the landlords are retired, they have Social Security and probably other sources of income. If they can't live on that, then they're living beyond their means and don't need to be landlords.
If landlords can't float a little money to pay utilities, then they're in desperately bad financial shape, and shouldn't be landlords. What are they going to do when one of their tenants doesn't pay rent? Just let the utilities for other tenants get turned off? I'd be OK with simply seizing the properties from landlords that can't manage their properties properly.