Sep 13, 2020

Moratorium on Residential Evictions Should Come with Landlord Subsidy Fast

In late Oct, Pres Donald Trump issued a sweeping moratorium on residential evictions through the Centers on Disease Control and Prevention.

The moratorium seems a rare bold, public health initiative. 

It's not and it exemplifies policy not even approaching half-measure value on a still-growing crisis.

What a massive stimulus bill should do to address this swath of policy is send federal money directly to landlords to pay for tenants in need of help.  

The subsidy could can be free, or payback without interest or whatever. This would solve the problem for the tenants, the landlords, the banks and the coming worst-yet liquidity crisis. 

In context, the moratorium is dishonest. Tenants in need are just pushing off eviction until after Jan 1 because after that they’ll be expected to come up with a pile of money for back-rent, penalties and they won’t have it.

If Trump were smart, he'd push, as he is able, a major stimulus legislation that includes a residential landlord stimulus.

But comprehensive public policy solving crises is not what Trump, Nancy Pelosi, Chuck Schumer and Joe Biden do.

They all play political games and likely Democratic Party officeholders will receive a new memo advising Dems to blame everything on the Russians.

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