Possible Rent, Mortgage, and Paycheck Bailouts ...

[Random_John]

Are being discussed with the Rent and Mortgage Cancellation Act and the Emergency Money for the People Act?. A few things off the top of my head before ever getting into the weeds of either bill

https://www.forbes.com/sites/ryangu...nd-mortgage-payments-for-1-year/#126889852b48

1. If we are supposed to be close to opening the economy why bring forth either bill?

2. Where is all of this money coming from?

3. Those who are landlords how do you feel about accepting money then having a freeze on your rent and then having to allow governement assisted programs on your property vs. not getting paid for a year?

4. How do parents feel about the highschoolers 16 and up getting $2,000

5. With the populus struggling and seeing the pie in the sky bills like this how does this affect the psyche of the public in desperate need of cash?

6. Who stands to gain from all of this money being distributed and how will it be distributed?

7. With frozen interest rates how does this affect the value of mortgage securities?

 

[goldmom]

No, no, and no. Death knell for our economy and our system of government.

 

[F4Gary]

Terrible on both accounts. What about us home owners that were responsible and paid off our mortgages?
What about the insurance, taxes, and maintenance that landlords have to pay on their rental property?
This is trying to shove socialism down our throats.

 

[RONole]

It would destroy the mortgage business and the housing industry. Our economy would go down the toilet.