Most of the rental properties I know about...I’m a landlord...are mortgaged. If I didn’t get paid for several months, the bank would take them from me. Banks get to evict. At least here, they do. Banks have WAY more sway with the courts and the sheriff’s than do us lowly landlords. There is no free lunch. Somebody has to pay. If it’s the landlord, I can tell you that rental will be off the market for about a year. When it is sold it will be at a fraction of its original value and it will be trashed. Will new people buy it and fix it up, knowing they will be in the negative for several years and that at any moment the government might decide that they can’t evict non paying renters?
The reason the economy was so bad under Obama was the GM debacle. That took over thirty trillion dollars, corporate and private, out of the market. No one will invest when the rules in place for centuries can be changed by an executive order. This is partly why Trump’s years were so good.
Like so many other things, these shut downs have been gifts to the bankers.
What was the GM debacle?
That will make it easier for government entities to end up owning the property