4 ms·

>...Who cares if landlords got paid for rent... Hmmm...unfortunately, most landlords are people who own a single rental, often the one they lived in previously

>...Who cares if landlords got paid for rent... Hmmm...unfortunately, most landlords are people who own a single rental, often the one they lived in previously that they cannot sell. By not bailing out landlords (not speaking of institutional investors here that buy up distressed mortgages in cash by the hundreds), you've hurt average-earning middle income citizens. So yes, with the moratoriums, you've transferred wealth from a chunk of the middle class to a different chunk of the middle and lower class.

GFischer 5y ago
Most landlords own a single rental, but most rental properties are owned by large companies (notably REITs like MAA that has over 100.000 properties)... So what you're saying is both true (in that it saves average-earning citizens) and false (most of the money went to large corporations like https://en.wikipedia.org/wiki/Mid-America_Apartment_Communities https://en.wikipedia.org/wiki/Mid-America_Apartment_Communit... ).
- daddylongstroke 5y ago
  >...most of the money went to large corporations... As far as I know, no landlord, large or small got any bailout. Are you saying investor-landlords received some type of direct stimulus? If so, can you elaborate?