Activists Are Mobilizing to Create an Eviction-Free United States
View Reddit by AngelaMotorman – View Source
8 Comments
Activists Are Mobilizing to Create an Eviction-Free United States
View Reddit by AngelaMotorman – View Source
How would you pay a landowner? Or should we limit property to one address(asking for normal middle class people who have finally reached some level of financial security in late 40s )
At some point, this will cause a new a mortgage crisis
There’s no way this goes off without a hitch. Many people will get screwed, I guarantee it. Unless the government guarantees coverage of full payments and its not like the PPP where funds ran put too fast and small businesses got hosed. Not everyone renting a house is rich, they just happened to be able to move and were looking to supplement their income. Not getting a payment or two could financially ruin people like this.
So, if I own a rental property, say it’s 4 units, and all my tenants stop paying rent, and I’m forbidden to evict them, how do I pay for the building?
And when I stop paying the bank, are they forbidden from foreclosing on the building?
That sounds like a sure way to get banks to stop providing mortgages.
Are landlords just supposed to eat the lost rent incomes? If so, sounds like a reason to stop renting.
I understand the pandemic has people in financial crises all over. But forgiving them all their rent, past-due and future rents, will make the housing crisis so much worse. No one will rent to anyone anymore if there’s no recourse when someone doesn’t pay rent.
And if the people stop paying rent, is the landlord still obligated to take care of the basic maintenance? How do they pay for that work?
They should definitely move to replace landlord/tenant relationships with housing cooperatives.
people are hurting
Does this mean I won’t have to pay rent anymore
Please don’t replace my favorite remnant of feudalism! /s