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At the end rents were effectively zero Well, yes. You always need food, but you don't need your own apartment when you can start couchsurfing. Real estate does

At the end rents were effectively zero Well, yes. You always need food, but you don't need your own apartment when you can start couchsurfing. Real estate does degenerate fairly quickly when it's uninhabited. You could see a similar phenomenon after German reunification. There was much real estate with unclear title in the East, and students and squatters were actually tolerated - the owners and the city knew that with someone living in the premises the building would not deteriorate further.

Gibbon1 7y ago
A lot of people don't really get the reality here. It's like the old saying if you owe the bank $100,000 and can't pay you have a problem. If you owe the bank $100,000,000 and can't pay the bank has a problem. For a landlord a tenant unable to pay the rent isn't a problem. If 30-50% can't it's is his problem. I understand you want to punish working class people for losing their jobs and being unable to pay rent. Fundamentally there will be chaos if it comes to that. First they don't have the money. Second they won't leave. Third the cops and the courts will do NOTHING about it.