3 ms·

Hopefully in addition to monetary grants there will also be suspension of rent, mortgage, utility, and student loan repayments while this is ongoing.

joe-collins 7y ago
Suspension of rents seems like one of the biggest things I see missing across the board. Suspended mortgages are great... for those wealthy enough not to be renting. $1k/adult will cover rent for many couples outside of tech hotspots, but it won't go a lot farther, and that doesn't begin to address singles.
- ed312 7y ago
  A significant percent, (I want to say most, but I don't have the numbers), of rental properties are covered by mortgages or other financing. "Pausing" mortgages can be done in a fairly centralized manner. Pausing rent is almost impossible because everyone has an individual contract and there isn't a central clearing house. It's a hard problem.
  - int_19h 7y ago
    All it takes to pause rent, is passing a bill that says so. The reason why landlords can collect rent is because the government will enforce their property right and help them evict tenants who will not.
- JMTQp8lwXL 7y ago
  Rental companies are already sending "we won't evict you" / "please speak to us if you have financial hardship" communications. These help, but the bills will still pile up and the government check won't cover 100% of expenses.
  - joe-collins 7y ago
    Precisely.
  - drdeadringer 7y ago
    I'll keep looking for when my landlord says anything close to this, if anything at all.
- deleted 7y ago
  [deleted]
treis 7y ago
Every expense is income to someone else. If I stop paying my mortgage it means some pension fund doesn't have the income to pay their retirees. There's no real way out of a months long shutdown. Our economic out put will be cut ~10% on an annual basis for every month. Thats real economic production gone forever. And theres no pause button on the economy. Stopping it means businesses fail and the relationships/organization that generates economic value will go away with them.

joe-collins 7y ago

Suspension of rents seems like one of the biggest things I see missing across the board. Suspended mortgages are great... for those wealthy enough not to be renting. $1k/adult will cover rent for many couples outside of tech hotspots, but it won't go a lot farther, and that doesn't begin to address singles.

ed312 7y ago
A significant percent, (I want to say most, but I don't have the numbers), of rental properties are covered by mortgages or other financing. "Pausing" mortgages can be done in a fairly centralized manner. Pausing rent is almost impossible because everyone has an individual contract and there isn't a central clearing house. It's a hard problem.
- int_19h 7y ago
  All it takes to pause rent, is passing a bill that says so. The reason why landlords can collect rent is because the government will enforce their property right and help them evict tenants who will not.
JMTQp8lwXL 7y ago
Rental companies are already sending "we won't evict you" / "please speak to us if you have financial hardship" communications. These help, but the bills will still pile up and the government check won't cover 100% of expenses.
- joe-collins 7y ago
  Precisely.
- drdeadringer 7y ago
  I'll keep looking for when my landlord says anything close to this, if anything at all.
deleted 7y ago
[deleted]

treis 7y ago

Every expense is income to someone else. If I stop paying my mortgage it means some pension fund doesn't have the income to pay their retirees. There's no real way out of a months long shutdown. Our economic out put will be cut ~10% on an annual basis for every month. Thats real economic production gone forever. And theres no pause button on the economy. Stopping it means businesses fail and the relationships/organization that generates economic value will go away with them.