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Updated about 5 years ago on . Most recent reply

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Danny T.
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Rent Strike? Buzzfeed pushes irresponsible viewpoints

Danny T.
Posted

A Coronavirus Rent Strike Could Leave Renters Vulnerable

By:Caroline O'Donovan

https://www.buzzfeednews.com/article/carolineodonovan/coronavirus-rent-strike-risks-tenants

"A mortgage payment freeze would provide relief for landlords, some of whom say they won’t be able to make their payments without rental income. But most landlords aren’t mom and pop operations; in 2017, a report by the Joint Center for Housing Studies at Harvard found that more than half of rental properties in the United States were owned by "institutional investors" like banks, funds, or corporations.


Thank you Buzzfeed. I guess because more than half of all rental properties are owned by "institutional investors" this means people are justified in demanding free housing? This appears to be a thing now. Will this take on any traction whatsoever? As some of the people commented on my previous post, they aren't worried and will do what it takes to resolve this issue, but it's still important to be aware. Also as another BP's contributor said, he isn't worried because he invests in Class B properties, as this seems to be a bigger problem in the low- income community. I'm not convinced that everyone will go on rent strike but when one of the bigger news platforms writes in such an irresponsible tone, I'm left in amazement. Although most tenants are reasonable a small minority of tenants might cause a big disruption and it's worth pointing out their views. I want to understand their mindset as well, although I find it very challenging. I had entitlement slapped out of me early on in life but I'm not as confident this will blow over as easily as some may think. 

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,243
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

FYI: any time you mention this alleged strike, you are helping spread their message and show higher in Google searches. Just ignore them and they will go away.

  • Nathan Gesner
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The DIY Landlord Book
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