Updated over 5 years ago on .
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Proposed legislation that affects real estate
https://omar.house.gov/media/press-releases/rep-ilhan-omar-introduces-bill-cancel-all-rent-and-mortgage-payments-during?fbclid=IwAR1G3Hdu5MOl8_MelVLYoTxMF2IkK5sO0N6ajxefuE1UjGZ4bmwP6f74SR8
Has anyone seen this proposed legislation by the squad? I'm furious at the very idea that the federal government would even consider putting all lease contracts to the side, and give away the use of private property.
Hopefully it won't happen, but it upsets me that it is even possible...
If you have information on this topic, please share.
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@Michael Plaks
That sounds good, but after I saw how quickly the recent loan program went broke, I don't trust that.
Couldn't they just set that cash aside and help the tenants that have a need?
One of my tenants is an essential worker. He has never made more money in his life than the past month.
The rest are on unemployment benefits making close to,and in one case more than, when they worked.
Im certain some are desperate. Help them. But don't pretend that the rest are sinking...
Sorry if that sounds hard. But I am beyond frustrated. ..