https://twitter.com/yungchomsky/status/1242904421547126785
Idk, as someone who works with property owners & tenants for a living and family who own commercial property, all the haha, look at landlords getting fucked because their tenants are paying rent in mass, stuff is kinda of /sideyes. Lots of shitty landlords out there, but also lots of shitty tenants.
Just seems more like you have "more people are tenants than landlords" so the majority are making fun of the minority's situation.
Basically right now:
Individual renter/business owner - No customers, no job, no income, getting fucked, so pass it on and not pay rent.
Property owners - No rent, getting fucked, still have to pay mortgage (which is essentially their rent) to the banks. May have no income sources other than this (most retired property owners just live on their monthly income from the property)No idea if they'll be able to collect backrent afterwards.
Banks - Lol, we rich bitch. Who cares if property owners don't pay us. We'll get bailed out and then come foreclose and take their property! And government gonna give us massive tax cuts and shit. Woohoo, let's party.
Like my parents own a commercial property which is a lot of the income they live on outside the portion of our business they take. They have to pay $20,000/month to the banks in mortgage/utilities. Their tenants are big corporation multi-million dollar chains like music stores and furniture store chains. Once this started last week, they got a letter from every tenant business "hey, because of the situation we're not paying any rent until this is all over and then we'll pay the back rent spread out of 12 months after at no interest. K THNX". Not one tenant is going to pay any rent for the forseeable future and these business definitely have money, more money than my parents but they're using this situation as a reason to save money skipping rent. So my parents are just going to use all their savings to keep paying $20,000 / month to keep from losing the property and at some point either things will open and the economy will start back up or they'll run out of money and the bank will come and take the property.
It's a pretty shitty situation for property owners right now. I don't want to compare it to renters because it's shitty for them too. The only person that it's not shitty for is the big money corps & banks. They get to skip their rents, get bailouts and get all kinds of tax cuts.
The USA is a country that is actively trying to phase out the middle class until there's only the Corps/Banks and the poor. Whether it's GOP and Democrat, all the bills the help only aim at keeping poor people from revolting and bringing out the guillotines and helping the big money corps & banks. Everyone in the middle gets pretty much no help. 2 Trillion dollar stimulus and phase out at $99k for checks, max of $10,000 in help to small businesses (which everything I've seen says given the amount of money and businesses in american means like $5 /business). I still vote straight line Dem and will for left because of the social principles, but as a small business owner it definitely annoys me that there is no party that's trying to help the middle class (which you also can't put a monetary amount on since $300k buys you a goddamn mansion house in some states and a 500 sq ft apartment in others. That $1,200 stimulus check will mean a lot more to people in some states than others).
/rant over
