Are the landlords supposed to get back lost income? They still have taxes and payment to pay.
In re landlords getting back past income, the debt supposedly remains.
So whenever, if ever, this moratorium is invalidated or lifted, then these tenants owe their $12,000 or $24,000 or whatever it ends up being.
Then I guess the landlords can evict. I doubt many will ever get what they are owed.
In the meantime they have to pay their mortgages and property taxes and repairs and maintenance.
“Are the landlords supposed to get back lost income? They still have taxes and payment to pay.”
Take a relatively small apartment complex. Especially in California, you’re talking way north of a million dollars. Nobody pays cash for something that big. So, the landlord is highly leveraged. (In debt.) There is no moratorium on banks foreclosing on properties and if the rent isn’t being collected the mortgage is not paid.
The landlord’s investment is forfeit. Probably, he is big enough that he has sold stock, so retirement funds are going to take a hit. Then, if the bank takes it and they are not allowed to evict, that ends all future loans for rental property in California. (Probably, that is going to happen anyway.)
There’s a legal concept called proximate causation. X causes Y causes Z. Not allowing evictions is going to go off like a financial depth charge. Lawsuits are going to go on for years. I think eventually, the California taxpayer will be on the hook for a huge sum.