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rrivers | 5 years ago

Rental properties are an investment, why in the world would we subsidize investment losses? The fault is having housing for the majority of people classified as a financial instrument. There is no scenario where the landlords should be compensated.

Also your argument that they imposed lockdowns that were economically destructive and caused death is exactly the opposite of what we know to be true as evidenced by the countries that successfully implemented lockdowns initially and slowed the spread. It's these types of mental gymnastics that represent our failure as a nation to combat this.

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TuringNYC|5 years ago

Punishing landlords seems like an odd choice, I’d begin with the CDC punishing themselves for testing lags and not forcing people to wear masks.

Like, imagine I have a bug in my Production hospital billing system, and instead of looking inwards, I decided to say “there is now a moratorium on car sales — they sell cars which cause accidents which land people in the hospital, to hell with the dealerships — those dealerships are investments and deserve to lose!

heavyset_go|5 years ago

> Punishing landlords seems like an odd choice

That's a odd choice of words to describe policy that is preventing people from dying from exposure during the worst pandemic in a century.

thelean12|5 years ago

> why in the world would we subsidize investment losses?

We do that all the time. Major industries are bailed out all the time by the government with negligible interest loans. We've literally done that in COVID times already.

We should have deferrals up the chain if the government is preventing people from working.

bitcurious|5 years ago

> Rental properties are an investment, why in the world would we subsidize investment losses?

Unless you can change the reality that rental properties are investments, making them artificially riskier will reduce new housing construction and lead to less affordable housing overall.

ironickat342|5 years ago

Investments are things you place a gamble towards. Stocks, Lottery, Bonds, Business and etc.

Once your investment has renters and a legal document it's a contract and a business. And the person that signed the lease made an agreement and the gamble is almost over, now the issues you have afterward are quite risky ( maintenance, evictions, and etc ). I am glad the CDC is stepping up to stop people from being kicked out during issues of business being closed. But a contract is in place which ends the fact its an investment and turns into a structured business.

AlexTWithBeard|5 years ago

> why in the world would we subsidize investment losses

Well, I think if you are changing the rules of the game, then you ought to compensate my losses.

The government essentially expropriating your investment is not a part of traditional risk profile.

djbebs|5 years ago

Becausr you imposed those losses?

__blockcipher__|5 years ago

Why is Sweden back below normal excess mortality if lockdown works so well? Somehow everyone in “your camp” refused to accept evidence that the herd immunity strategy does work. Note Sweden should have done a better job with their elderly care facilities - but so should have New York and California.

evgen|5 years ago

The continued belief in this herd immunity bullshit by people who apparently cannot comprehend basic statistics is simply beyond me. Sweden fucked up. They choked on this one, big time. Their excess mortality was far in excess of their neighbors and the Swedes know it. They killed thousands of their own citizens and did not even get the economic benefit that they had hoped for. The only morons who still think that Sweden performed admirably are right-wing Americans desperate to pretend that lockdowns don't work.