I mean this is great as it will prevent evictions and help the poor people get out of a massive debt to their landlord, but its only real purpose is to garentee landlord's their profit.
Personally, the only action, which would be somewhat just, is to wipe any rent accured during the pandemic and tell landlords to go fuck themselves, becuase of course your dumb investment declined during a global pandemic. (Also, I can't remember, but wasn't there an acutal morgage moratorium in the US as well.)
Anyway, what should actually happen is confiscation of excess real-estate and redistribution among the former tenants. But the libs own too many rental properties to have that conversation.
The mortgage moratorium doesn't lower your total mortgage, it just moves the payments you would have made to the end of your term. So no free money just delayed payment.
Quite a few mortgages are involved with the federal government. FHA, VA, Fannie Mae, Freddie Mac, USDA, HUD, all guarantee or sponsor mortgages to some degree. The latter three impact property investors. The policy is pretty broad. Our administration would not have made it so broad, to tell you the truth
I mean this is great as it will prevent evictions and help the poor people get out of a massive debt to their landlord, but its only real purpose is to garentee landlord's their profit.
Personally, the only action, which would be somewhat just, is to wipe any rent accured during the pandemic and tell landlords to go fuck themselves, becuase of course your dumb investment declined during a global pandemic. (Also, I can't remember, but wasn't there an acutal morgage moratorium in the US as well.)
Anyway, what should actually happen is confiscation of excess real-estate and redistribution among the former tenants. But the libs own too many rental properties to have that conversation.
The mortgage moratorium doesn't lower your total mortgage, it just moves the payments you would have made to the end of your term. So no free money just delayed payment.
Also, at least initially, didn’t it only apply to mortgages that somehow involved the federal government? Like some Fanny Mae shit.
I don’t think it was quite “run a business in a disadvantaged community for three years” bad, but it wasn’t/isn’t universal from what I recall
Quite a few mortgages are involved with the federal government. FHA, VA, Fannie Mae, Freddie Mac, USDA, HUD, all guarantee or sponsor mortgages to some degree. The latter three impact property investors. The policy is pretty broad. Our administration would not have made it so broad, to tell you the truth
California once again confirmed as a giant real estate scam that's run well past its expiration date.