Number 2 rushed a lot of Landlords because they were supposed to get federal money to cover it and it all got held up in they states. For whatever reason they didn't distribute it.
Well whatever fake reason the real reason is so Blackrock could come in and scoop up all the rental property.
Blackrock and the others buying up properties I think are getting funded on some back channel. Officially there is no landlord assistance or bank support other than the usual writing off the loan via P&L statement which is shifted to the tax payers and the loan sold for 5 cents on the dollar to some dirtbag collection outfit.
There is a lot of federal money getting thrown around. Trillion dollar spending bills 6,000 pages long. And probably still have to read between the lines to find it.
No, they're on the hook for back rent. But you know they don't have it and they'll be tossed out. Some cities have expanded their rental assistance programs to help, but its too little to help everyone.
Landlords aren't going to see anything for back rent. These people got paid more to stay home, work secret side gigs, spend money like crazy, and not pay their rent. So maybe three times their old income.
In canada your just SOL. Sure you can spend time and money winning in tenancy court. And when they don't pay you can spend time and money suing in real court for the tenancy money. And when they don't pay that you gotta pay again to get the state to garnish whatever money the state can get ahold of.
Many are selling their rentals even if the tenants were upstanding and paid up the whole time. The stress of knowing they could stop at any point and you are powerless to do anything made landlords say "not worth it anymore!". Tack on skyrocketing house prices and the choice is clear.
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