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Updated over 4 years ago,
California proposed giving tenants 10 years to pay their rent
No, I didn't make this up. In fact, you CAN"T make this up. It makes my head hurt just to think about it.
I thought Seattle's 6 months with no rent payments was insane. This makes me really glad I've cleared out of both states. I'm a happy man! AZ, ID, UT, NV and TX forever!
"California proposed giving tenants 10 years to pay their rent"
https://www.foxnews.com/politi...
"The state would purchase unpaid rents and allow renters a decade,
starting in 2024, to pay it back, under the proposal by Senate President
Pro Tem Toni Atkins, the Sacramento Bee reported. Landlords would
receive a tax credit dependent on committing to NOT EVICT tenants."
You don't NEED Tax Credits if you aren't making any money! 10 Years!!