Joe Biden has called for rent forgiveness during the coronavirus pandemic — here’s how that would work

During a recent appearance on the Snapchat SNAP, show “Good Luck America,” the Democratic presidential candidate said he supported the idea, which has so far been promoted by progressive activists.

Don’t miss: ‘Landlords are just trying to pay bills like everyone else.’ The coronavirus could hit mom-and-pop landlords hard as tenants miss rent payments Much of the government’s housing relief has focused on homeowners The housing relief provided thus far hasn’t been sufficient to protect renters from losing their homes or facing serious financial stress, activists say.

— Tara Raghuveer, housing campaign director at People’s Action The CARES Act also included $17.4 billion in funding for rent assistance, housing vouchers, public housing, and housing for the elderly, but not all renters benefit from that money. To supporters of rent forgiveness, this approach will keep people in their homes and out of financial ruin. But some industry experts say that any plan for rent forgiveness would need to take into account the ripple effects cancelling rent would have across the housing finance ecosystem.

“The landlord relative to the tenant has way more power and way more security in this moment simply by virtue of having an asset to borrow against,” Raghuveer said. “Tenants should not be faced with the burden of navigating a government bureaucracy to get their relief.”

I guess contract law is out the window, no need for leases if no one wants to pay rent

What? That’s nuts! Joe the rest home is calling!!!

RENTSTRIKE is a scam

I’m going to doubt that anyone needs to know about joe Biden’s thoughts on tent, as he is just a placeholder

And this fun fact: 'There’s evidence that some homeowners have received forbearance even when they didn’t need it.' Picking winners & losers sounds fun... if you're the picker.

And who pays the bills of the landlords, God?

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