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It would be wonderful if every person or family had a suitable home before we allowed surplus housing to be used as a commodity. However, we don't live in that
by dvdhnt 5y ago
It would be wonderful if every person or family had a suitable home before we allowed surplus housing to be used as a commodity. However, we don't live in that world, at least not yet.
And while I am generally anti-rent-seeking, if we do not bail out landlords (whether or not they should be in their position not withstanding) then those homes will bought up by corporations and investment firms which absolutely should not own them.
Corporations foreclose at a much higher rate than individual landlords (look up "cash for keys") because they have the resources to do so. If we don't bail out landlords then we're looking at an acceleration of Corporate Feudalism.
Therefore, and it is tough for me to say, bailout landlords, then use tax credits to reward those who paid their rent on time, even if they were employed throughout the pandemic. Why? It is infinitely better to allow citizens to build their bank accounts rather than corporations and/or a generally ineffective government.