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by arrosenberg 1850 days ago
The government enacted emergency powers and public health laws they already possessed when those contracts were signed. Where is the abuse?

I'd be personally ok with the government bailing out smaller landlords (just because), but the largest percentage of these defaults are going to affect private equity firms who have bought an outrageous amount of the housing stock. We need to stop socializing risk and privatizing profits, and this would be a good place to start.

1 comments

The abuse was largely in the duration and indiscriminate scope, regardless of ability to pay or not.

Student loans are cheaper precisely because they cannot be discharged in bankruptcy. Rent is cheaper because of eviction. Now that we've seen the government unilaterally discharge rent through moratorium, you can expect to see that risk profile baked into an increased monthly payment.