Facebook says it has removed promotion of anti-quarantine events

Re:Facebook says it has removed promotion of anti-quarantine... by meheleventyone on Tuesday April 21, 2020 @03:39AM (#22932866)

If everything just starts up with rent due and evictions happening to a significant population you just have a second wave of recession and a collapse of the rental market. I’d assume most people, particularly landlords and local government would want to avoid that.

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Re:Facebook says it has removed promotion of anti-quarantine... by pbourke on Tuesday April 21, 2020 @04:52AM (#22933185)

> I’d assume most people, particularly landlords and local government would want to avoid that.

This seems like a “prisoner’s dilemma” situation. It’s rational for an individual landlord to evict a delinquent tenant and seek a new one. However, if everyone does this the entire market collapses. It’s better for everyone if the landlord takes a short term haircut to preserve the market.

Since cooperation is expected to break down between individuals, the government must step in to prevent collapse.

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Re:Facebook says it has removed promotion of anti-quarantine... by kofejnik on Tuesday April 21, 2020 @05:14AM (#22933293)

... or maybe this "landlord" is a parent who just rents out their old small house, and is now unable to make the rent or car payments

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Re:Facebook says it has removed promotion of anti-quarantine... by daxorid on Tuesday April 21, 2020 @06:22PM (#22939970)

Then they do what everyone else does. Sell the asset and cut back on expenses.

Capital owners are not a special class of citizen. If you have assets and need cash, there is a way to convert one to the other. It's called a "market". You may have heard of it.

It seems that during recessions, asset-rich/cash-poor people, nominally Capitalists, turn into overnight socialists because making cuts to the ol' lifestyle is for the little people, not them.

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Re:Facebook says it has removed promotion of anti-quarantine... by pbourke on Tuesday April 21, 2020 @11:30AM (#22935789)

How does that change things? I think small landlords are especially exposed to the dilemma because they have fewer resources at their disposal.

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Re:Facebook says it has removed promotion of anti-quarantine... by meheleventyone on Tuesday April 21, 2020 @07:49AM (#22934048)

At least they have an asset they can use to survive and make those payments.

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