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How does the US protect people who lost their jobs because of COVID?

Should they be able to stay in rental units or be tossed out to become one of thousands of homeless?
Should the owners of the units be protected and legally be able to toss them out?
I submit that rather than focusing just on the tenants who are at risk of being evicted, the government should subsidize the landlords who are stuck in the position of either evicting non-paying tenants or losing their property.
LvChris · 41-45, M
[@324070,Ynotisay] I've actually had great landlords, thanks for asking. I even had two separate landlords that let me live in the houses while they were being foreclosed on from 2009-2010 and 2011-2012. So, ya, bad guess. I like that you seemingly remove supply and demand from the equation and focus on other things. Those other things do matter, but you're skipping a step.

If everyone, private and company, who owned several homes for the sole purpose of rental had to let them be bought out, the supply would increase, but the demand would go down. It's literally econ101 from there.

The hard part is how to implement it because those who own the homes now have a lot of money and influence, particularly locally. It won't be easy, and "we" is the growing opinion who are sick of watching people make hay on the backs of others for necessities.

You're also speaking about renters who can't afford a home, a big part of that is because other entities gobble up several of them. The renters can and, in fact, do have enough to pay for a home. That can be seen when they're paying the homeowners mortgage....so.... what you probably meant to say is that our lending system is so messed up, the only thing we'll do for them is predatory sub-prime or balloon payment loans.

One could also fix that, or at least try to, but no one wants to really. It only preys on the politically weakest so no one cares. This is the same reason payday loan companies run rampant. It's the same reason trailer park conglomerates run rampant. No one cares about the people who actually do need help.

I also like the "bringing in poor people ruins neighborhoods" angle. That one's a classic, literally. It goes back to jim crow advertising about living in neighborhoods with no undesirables. I'm going to stop responding in here before you say some more things that make me dislike you. You're usually a pretty cool guy, but you're super entrenched on this one.
[@335805,LvChris] Uh, seems to me that [@324070,Ynotisay] isn't the one stubbornly clinging to one side of the issue without seeing the other.
Ynotisay · M
[@335805,LvChris] Damn. You must live in Whitey McWhiteville. Or haven't done much traveling around the country. Or spent time/lived in poor areas. I'm not sure you have your finger on your pulse outside of your own backyard. So, I'll just leave it at...whatever.
MarineBob · 56-60, M
Who will pay the landlords expenses
[@346344,PicturesOfABetterTomorrow] Those guys burn me up. My intent is to sell these damn rentals, but not to some billionaire. To people. With families.
[@1201381,ShadowfireTheSarcastic] I hope it all works out.
[@346344,PicturesOfABetterTomorrow] I think it will. By my calculations, if I sell two or three at a time, I can make a modest profit, even with the banks taking their cut, and avoid the massive tax I would incur for selling all of them at once.
independentone · 61-69, M
If they can't or won't pay their rent, they should be evicted. If government wants to pay their rent, then I'm good with that, but to say you can't evict someone during a pandemic simply because they don't pay rent is saying landlords should shoulder the cost of housing these deadbeats.
MrBrownstone · 41-45, M
[@1088262,independentone] But the ironic part is in some cases the government caused them to lose their job.
[@1149,MrBrownstone] I still say subsidize the landlords. Not necessarily the huge corporations with hundreds of properties, but the little guys.
LvChris · 41-45, M
Landlords need that space free so they can not rent to all the other people who also don't have money. Who will think of the poor bourgeoisie! 😢
[@335805,LvChris] FEMA CAMP commercials. A holiday away from your loved ones.
Ynotisay · M
We'll see. Today a federal judge threw out the moratorium on evictions. The Biden Administration said it would appeal. It's a REALLY tricky situation. Both sides have valid arguments. I would imagine though that rental housing is going to start drying up big time. At least with single family homes.
Ynotisay · M
[@1201381,ShadowfireTheSarcastic] It's a tough situation. And interestingly, the landlords have played second fiddle throughout this whole process. Yeah. It's tough for tenants but landlords not receiving rent are in the same position. It's sort of nonsensical to protect one and not the other though.
[@324070,Ynotisay] Small business has taken such a beating. I just wonder how some of these businesses are still open. Here they made concessions for restaurants to have patio seating, outside on the sidewalk, so they bought awnings etc and today were told 2 more weeks of 100% shutdown. Bars and restaurants have been closed to all but take out for almost a year.
What company survives that other than these super conglomerates?
Ynotisay · M
[@619287,Jwalker] I hear you but individually owned restaurants aren't chain grocery stores. Eating and drinking in a restaurant or bar is a luxury. Buying food from a grocery store is necessary. I'm not sure how it worked where you are but where I live restaurant owners who are leasing are under the same protections as housing tenants. And I think they're going to do just fine. Biden's Covid bill included almost $30 Billion for small and mid size restaurants. And that's in addition to whatever states are doing. It's a good example of the role the federal government should be playing in a situation like this. Trying to regain normalcy with as few victims as possible. A lot of money is going out to help businesses recoup. An issue that I saw where I live is businesses were looking to hire but people didn't want to work because they were making as much or more by not working. That's not good.
MrBrownstone · 41-45, M
I will leave that up to the people in favor of destroying peoples lives.
[@1149,MrBrownstone] Republicans?
MrBrownstone · 41-45, M
[@619287,Jwalker] I don’t know
Sadly the real estate management companies will get bailed out but people will get thrown out on the street.
[@346344,PicturesOfABetterTomorrow] Leaving the family-owned properties underwater. Once again, big corporations win.
[@1201381,ShadowfireTheSarcastic] Corporate America are the only ones that matter in this economic system.
[@346344,PicturesOfABetterTomorrow] Sad but true.
Stopmakingsense · 56-60, F
Same as they protect the people who lost janitorial work for needing gloves And chemicals... Nothing.
[@1201621,MotherHubbard] Fuck em. They weren't in the 75,000 income level.
QuixoticSoul · 36-40, M
We have boosted but still pretty anemic unemployment payouts that don’t expire for the duration. Something, at least.
checkoutanytime · 41-45, M
Ppp loans, essentially grant fed insulin, supposedly taxed free, ....
[@1201531,checkoutanytime] The Stimulus money under Trump never made it down to small business or local property owners. Lobbies got involved immediately and most of the money was gobbled up by Big Corp. Then they used the money to buy back their own stock, inflating the price and putting stock prices even further out of reach for the working man.
MarkPaul · 22-25, M
Well, everyone is equally disadvantaged.
Tres13 · 51-55, M

 
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