If everyone says “not us, somebody else!” there will be no redistribution.
Possibly the government could restrict that auction to non-property owners to help sort out the first-sentence problem.
Unfortunately, what I see instead here in Canada is heavy subsidies for large banks who are just passing it as more debt to everyone else. May do even more harm long-term.
Why do you think universal income solves the problem of an entertainment company that is legally shutdown, has zero income, and can’t pay it’s bills?
At it’s core, aren’t you just suggesting we become communists (for a while?). Disclaimer: I am from what might be called a liberal socialist capitalist country (I might call myself a capitalist hippy).
Wait! You just gave me a hilarious idea! If people have to stay home for months we might as well pay them to enroll in some kind of online course. You know, re-education, only without the camp.
Quite a lot of commercial real-estate is owned by financial institutions and when it isn't the trust fund shareholder is also on the board of directors of the bank.
This only works if the government mandates full moratorium on both rents and mortgages. That also means that no interest on mortgage is accrued during this time.
Otherwise, landlords are screwed in the same way as tenants - they can't pay mortgage and the property may turn into foreclosure. More so, frequently landlords are screwed even more - because it may be hard to get rid of non-paying tenant especially during this time. So tenant may get sort of temporary free pass by just not paying rent.
Bottom line - Landlords are not the right target of this rage. Appeal to Governments, not to Landlords.