Submitted by blondiebell t3_10l2ka1 in pittsburgh
blondiebell OP t1_j5vc3yq wrote
Reply to comment by PGHENGR in New tenants are getting screwed by blondiebell
We are so close to agreement.
The point of the government to do exactly that, facilitate necessary exchanges for the greater good.
When most rentals were just single family homes owned by small landlords or other single families I would have agreed that the number of units available on the market would go down to a devastating degree if landlords left the game completely, but that is no longer the case. One of the biggest issues is the consolidation of available housing under single entities like companies and investment firms. If rentals were no longer profitable, those companies would sell off the units and if apartment buildings and broken up homes were sold as condos to the existing renters the companies wouldn't be donating anything. The risk/cost would fall on the creditor that funded the renters new mortgage. If that lender was the government then it would certainly be it's own issue to manage and collect of those mortgages, but that ask isnt impossible or even unreasonable given the current crisis.
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