(01-04-2021, 10:30 PM)mikesez Wrote:

(01-04-2021, 09:57 PM)StroudCrowd1 Wrote: Placing a hold on rent and mortgages while people use their government issued money to enrich Walmart by purchasing a $600 65" TV is awesome.

I think the housing market is in for a nasty plummet the 2nd half of the year. Low income renters will struggle to find rentals because landlords will begin protecting themselves by collecting 6 months of rent in advance. This will all be happening at the same time eviction moratoriums are lifted and judges begin hearing cases again. Not to mention what banks do to the people who think their mortgage payments have been "put on hold". Buckle up...

No.  The idea is to put rent and loans "on hold" instead of the stimulus payments. Finance and macroeconomics aren't my thing, but it seems like it would have been a better approach.

Property taxes and insurance aren't put on hold. In fact, they continue to increase. I am speaking from the experience of being a landlord, FYI.

Also, rent isn't put "on hold". Some landlords won't see a dime of back rent, not to mention the cost of an eviction $500-$700, not to mention the potential damage the evicted tenant will do to the property when they are finally removed.

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