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Updated almost 4 years ago on . Most recent reply

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824
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Kenneth LaVoie
  • Rental Property Investor
  • Winslow, ME
281
Votes |
824
Posts

Ilhan Omar's "rent forgiveness"

Kenneth LaVoie
  • Rental Property Investor
  • Winslow, ME
Posted

I'm sure at my core that Representative Omar's bill would be unconstitutional beyond anything that's ever been suggested but still wanted to float it here for comments, if for nothing else, to hear something that makes me feel better! I mean it's like something a 19 year old liberal college student would suggest. Maybe she's "shooting for the stars, hoping to hit the moon?"

https://omar.house.gov/media/press-releases/rep-ilhan-omar-introduces-bill-cancel-all-rent-and-mortgage-payments-during

Imagine all tenants told "you don't have to pay anymore rent until WE say this thing is over", then telling landlords, "We'll pay everyone's rent, but you can't raise it for 5 years, and you have to give your tenants 10% of your equity." 

Most Popular Reply

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28,057
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41,063
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,063
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28,057
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

I don't pay attention to anything she says. The media continues to hold her up on a pedestal but she's accomplished nothing in life and I don't expect this to go anywhere.

  • Nathan Gesner
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The DIY Landlord Book
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