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This 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 re

by floor2 6y ago

This 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 ago
The 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

by floor2 6y ago

_mkef 6y ago

The 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