Now is the time for landlords to prove their value.
Shelter is valuable.
31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
21–30 of 147 posts
Re: 31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
#22"31% Can't Pay the Rent" != "31% Are Not Paying Rent" "Can't" indicates they are unable, whereas I suspect at least some are taking advantage of the current situation [1]. Any situation where it's possible to take advantage, you can almost guarantee that people will. This is not the way forwards - not paying rent will have a large knock-on effect for landlords (which, despite some sentiment, isn't necessarily the 1%)…
Your first two paragraphs are an interesting point. If I were laid off (or just hours reduced to zero for the duration), I wouldn't be paying bills that I didn't have to pay. I'll save my money for groceries; the rent can wait. Either I get a check from Uncle Sam, or the renter cuts me some slack, or I go live in my car, but I still have to eat.
Re: 31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
#23Now is the time for landlords to prove their value.
What do you suggest?
Re: 31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
#24"31% Can't Pay the Rent" != "31% Are Not Paying Rent" "Can't" indicates they are unable, whereas I suspect at least some are taking advantage of the current situation [1]. Any situation where it's possible to take advantage, you can almost guarantee that people will. This is not the way forwards - not paying rent will have a large knock-on effect for landlords (which, despite some sentiment, isn't necessarily the 1%)…
Start by banning China (and any other country that doesn't allow US citizens to own land) from owning property in the US. Something tells me when you get rid of all the foreign profit lords, that property will be much more affordable in many areas.
It’s not that simple, unfortunately. US businesses and governments have heavily relied on Chinese capital for various economic initiatives, from transit to manufacturing.[0]
Barring one of our largest financial partners (and largest creditors) would certainly have a devastating effect on our economy.
0: https://www.americanmanufacturing.org/blog/entry/congress-ex....
Re: 31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
#25Rents will have to come down or be waived.
Almost by definition "rent" is simply extracting value from the productive economy through ownership.
If the productive economy takes a dive or disappears, the amount you can extract must do likewise.
Re: 31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
#26So 31% of people are living above their means and/or don't have a rainy day fund. The US is a nation of four year olds.
Re: 31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
#27Now is the time for landlords to prove their value.
I'm sure that people freely choosing to give landlords hundreds and even thousands of dollars monthly has already proven their worth.
freely choosing
I'm as skeptical of neo-Georgism as anyone, but this is a pretty standard fallacy. I seriously doubt that most people who rent their homes and business properties have viable alternatives to renting.
Re: 31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
#28"31% Can't Pay the Rent" != "31% Are Not Paying Rent" "Can't" indicates they are unable, whereas I suspect at least some are taking advantage of the current situation [1]. Any situation where it's possible to take advantage, you can almost guarantee that people will. This is not the way forwards - not paying rent will have a large knock-on effect for landlords (which, despite some sentiment, isn't necessarily the 1%)…
> This is not the way forwards - not paying rent will have a large knock-on effect for landlords (which, despite some sentiment, isn't necessarily the 1%).
Maybe this is the time for them to pick up some useful skills. Maybe learning to code? I hear that's good.
Re: 31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
#29"31% Can't Pay the Rent" != "31% Are Not Paying Rent" "Can't" indicates they are unable, whereas I suspect at least some are taking advantage of the current situation [1]. Any situation where it's possible to take advantage, you can almost guarantee that people will. This is not the way forwards - not paying rent will have a large knock-on effect for landlords (which, despite some sentiment, isn't necessarily the 1%)…
The economy will be fine... the black plague had great economic outcomes as it always does when a whole bunch of people die. We should reopen the entire country tomorrow... no travel restrictions, open every border and see what happens.
Half of the European population died during the Black Plague, it’s simply not acceptable to use that case as a reference for economic growth.
Governments have a responsibility to all their citizens, not just stockholders.
Re: 31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
#30"31% Can't Pay the Rent" != "31% Are Not Paying Rent" "Can't" indicates they are unable, whereas I suspect at least some are taking advantage of the current situation [1]. Any situation where it's possible to take advantage, you can almost guarantee that people will. This is not the way forwards - not paying rent will have a large knock-on effect for landlords (which, despite some sentiment, isn't necessarily the 1%)…
The economy will be fine... the black plague had great economic outcomes as it always does when a whole bunch of people die. We should reopen the entire country tomorrow... no travel restrictions, open every border and see what happens.
Does the economy exist to serve the needs of the people, or do the people exist to serve the needs of the economy?