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And I addressed the two parties in that particular chain that don't have access to the central bank's reserves (rent and mortgage holding landlord). Landlords t
by stormbrew 6y ago
And I addressed the two parties in that particular chain that don't have access to the central bank's reserves (rent and mortgage holding landlord). Landlords that don't hold mortgages don't need anywhere near as much assistance.
In particular, the conflict I mentioned in the last sentence was directly alluding to the problem of only giving a rent holiday without a mortgage holiday to go with it. It's actually kind of hard to believe you read my really short post in its entirety, because you're arguing quite a strawperson here.
For banks or lenders that don't have direct access to the central bank's reserves they will need to sort that out between themselves or possibly with further legislation, but it's a much much easier problem to solve than individual renters going insolvent en masse because their landlord is still demanding rent while they can't leave the house.