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TopicWill you be paying rent?
Monopoman
03/29/20 4:31:40 PM
#31:


wolfy42 posted...
I get what your saying, but while rent can be a source of income, it is usually mitigated by a mortgage and taxes, and for those that it isn't mitigated by them, they probably are not hurting much if they lose out on a few months of rent.

Well it's mitigated by taxes for just about everyone.

So if you freeze mortgage payments and tax payments, you should also freeze rent payments and honestly this should 100% be done, and should have before this (in the US) relief package deal was struck. Would have saved a ton of money.

In fact, if you look at it this way, probably 90% of the $1200 is going to go to home owners/renters at this point, or basically the wealthy in the US. Freezing rent would help small businesses more than any relief package etc as well (it's their biggest overhead).

Also this is going to cause some crazy things to go down as alot of people ARE refusing to pay rent anyway and can't be evicted now, but its' going to mean a ton of landlords are going to want to evict tenants after this is over.....that is going to be absolute chaos.

Seems like most everyone on this board is going to pay rent if they have it, but yeah, there are alot who are not going to be, by choice, or who can't currently (at least till they get the $1200). There are also alot of people renting rooms who work under the table etc, so won't get that $1200...but also can't work lol.....so that is going to be really bad for them in the long run.

Yep, in a world where most businesses are shutting down it's a bit ridiculous to expect rent and mortgages to be paid. The banks that financed these things should not be still raking in their usual money when plenty of people are out of work due to this.
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