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Stimulus package leaves landlords in the lurch

If it sounds too good to be true, it probably is.

Don’t know where or when that quote originated or who spoke it first but it always seems to be correct.

The new stimulus package that is supposed to save the economy has some really curious aspects to it.

There is so much to read, analyze and remember there are surely some not so good aspects to it.

One of the more curious is the renters protection plan. The government is looking to protect persons who rent or lease their homes from other individuals or companies.

So they are actually advising them in some cases not to pay the rent that is due this month and instead save the money or spend it in some other way that may help the economy.

So if you own even one rental property which you use to generate some or all of the money you need to pay the mortgage on it you will not be getting paid that rent money.

Now your bank or lender is supposed to look upon you graciously and not get upset with you if you can’t pay your bills.

Of course if the lost revenue was intended to be used for the purpose of paying the electric bill or the gas bill or maybe buy food for your kids, then you may need a stimulus package of your own.

Or the utility companies should just say that’s OK.

This is obviously a potential problem with the domino effect that will probably happen. You don’t pay me, so I don’t pay you, and you don’t pay the next guy.

Where does that end?

The state and federal governments have moved the tax deadline from April 15 to July 15. There is no penalty if you fail to pay until then. We haven’t figured out how many months it is OK to not pay your rent or if, how or when you are supposed to catch up if you allow yourself to fall months behind.

What phase of the recovery and stimulus is going to fix that? Has someone declared us a socialist regime and no one told us? Did Bernie Sanders win an election someplace besides Iowa?

This country is in trouble. This world is in trouble. But how are we fixing anything by telling people not to pay their bills?

Do the landlords get to skip paying the people that run the apartments for them or do the maintenance? Isn’t some of the money being given to the people meant to help them pay bills like rent?

It just seems this is skipping or damaging one segment by trying to help another. Landlords often take a beating over conditions and are seldom given credit for providing housing for people who can’t buy.

Some do an outstanding service in this manner. How can we justify denying them their payments and instead direct renters to not pay them and tell them the government will protect them from being evicted or in any way punished?

Where is the landlords guarantee. And when he defaults on his loan from the bank who gets to bail the bank out?

Must be Phase 22 of the Care Act.

— RV

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