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As of now there is an eviction moratorium in most of America, but when the moratorium ends do you have to catch up on 12 months of rent ? How is any family, w
by _mkef 6y ago
As of now there is an eviction moratorium in most of America, but when the moratorium ends do you have to catch up on 12 months of rent ?
How is any family, which was already living paycheck to paycheck ever going to sort that out. What's going to happen is tons of Americans are simply not going to be able to pay, their credits will be ruined and the rent won't be paid anyway.
It would be nice to present a goal, no one pays rent until we have a functioning economy again, and then sort out the details a bit later. The government could forgive property taxes as well, Banks could delay mortgage payments until the end of the pandemic.
I spoke to one friend who was three months behind on rent at a point. Telling him to Buck up and figure it out, isn't going to do any good. Money ultimately is an abstraction, as a society we very much can shape the rules around it. I can't imagine millions of homeless families being worse than landlords having to seek out different arrangements with their Banks.
Overalla lot of people aren't going to be able to pay rent through no fault of their own, they shouldn't be evicted as punishment. Or you can tell me ,how would anyone catch up on a year of rent once the eviction moratorium is over ?
- floor2 6y agoThis didn't answer the question at all. People understand renters who lost their jobs can't pay their rent. The problem is, you can't just say "so don't pay rent" and magically make that OK. That rent money in turn pays for maintenance/upkeep, mortgage payments, property taxes, wages for property managers and repairmen etc. You can't pretend like all land is owned by some king who can just afford to not get rental payments. If the government doesn't collect property taxes, how do they pay for schools, roads and firefighting next year? If the bank doesn't collect their mortgage payments, they go insolvent and don't have the cash to give you when you try to withdraw from your checking account. Flipping your final line around, how would the elderly widow relying on renting out her former family home handle receiving no income for a year?
- _mkef 6y agoThe current defacto situation involves millions of renters just being unable to pay. They can't be evicted in most of America. Landlords are going to lose money. >Flipping your final line around, how would the elderly widow relying on renting out her former family home handle receiving no income for a year? She still will not get any income until the eviction moratorium is lifted. The only thing she can do is sue her tenants for money they don't have. Even in good times evictions can take months to a year. It can be argued this is the risk of doing business. If tenants can't pay they can't. The backlog of evictions ( which are one of the most stressful things you can experience) will clog courts. At least if we establish renters will not be able to pay, we can develop an alternative plan. Better to have a plan than saying everyone has to survive the best they can. Someone with an economic degree would work out the details. Obviously I can't write a full relief bill in a comment