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Current Events » in reply to A modest proposal

The biggest expense for landlords

are the mortgage (if they have one), property taxes, then insurance, then maintenance and repair. I know people who own income property and they are scared too. With no rent coming in they could lose the property. The property will get scooped up by a large corporation at a fire sale.

If landlords also get relief, somehow, then they can absorb not getting as much rent as before and cut down on the number of evictions. Either cut property taxes or prevent seizing property for un-paid taxes. But then the cities and schools suffer. Cut insurance rates, allow deferred payment, or prevent cancellation of policies. Provide tax deductions for repairs and maintenance. All of this requires federal money and leadership. We don't really have either. And any government stimulus for landlords will wind up going to the big corporate landlords and not the mom and pop that decided to rent their old house instead of selling it. My grandparents, during the depression, moved into the basement and rented out the upper floors of their home so they could pay the mortgage.

There are a lot of threads in the economic sweater. Pull on one and the whole thing can fall apart.

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