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Can’t talk about rent relief without talking about relief for property owners who have to satisfy their debt obligations (when rental income is used to pay the bank). Kind of reminds me of a recent Hidden Brain piece, where an economist points out how the risk associated with debt is almost entirely borne by the borrower. Beauty and the beast love books face mask. Not to mention the hospital bills that will descend on uninsured and underinsured throwing them into bankruptcy and poverty. Thanks to 45.
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Rents are too high. The mechanism we use to lower rents is: the unit sits empty until the landlord sells it or loses it or lowers the rent. Many investors start out purchasing property and then use leverage or other people’s money to buy other property after buying the first. Beauty and the beast love books face mask. That means in order for these freezes on rent to work the government also has to support the investors that are losing the money as this may be their only source of income. There are so many loopholes in there stimulus plan. I am one I get nothing 64 disabled and happened to owe back child support arrearage because of Interest allowed in California to steal my stimulus and all my tax returns and even my Social Security leaving me destitute with no help from anyone. Thank God for the love of my family