4 ms·
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 ren
by 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 agoA 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 agoAll 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 agoRental 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 agoPrecisely.
- drdeadringer 7y agoI'll keep looking for when my landlord says anything close to this, if anything at all.
- deleted 7y ago[deleted]