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Re:Booking.com gives €28m in bonuses to three top execs; Too... by birken on Friday May 28, 2021 @04:37PM (#27320176)
I'm sure the employees would much rather have been laid off to stick it to the asset holders.
Re:Booking.com gives €28m in bonuses to three top execs; Too... by manquer on Friday May 28, 2021 @05:06PM (#27320506)
With weaker demand rents would have actually fallen a lot more than now. That in turn would have an impact on asset prices in the long term.

Will it be fairer to employees ? I don't know, there will be lot more pain for employees without government intervention.

However with Quantitative Easing or bailouts and COVID loans means the rich are not paying the same price as well, that is why rich are becoming richer, poor suffer either way.

Re:Booking.com gives €28m in bonuses to three top execs; Too... by sangnoir on Friday May 28, 2021 @11:52PM (#27322898)
> With weaker demand rents would have actually fallen a lot more than now

In this sentence, is "weaker demand" euphemism for mass homelessness?

Re:Booking.com gives €28m in bonuses to three top execs; Too... by manquer on Sunday May 30, 2021 @01:19PM (#27334778)
Not necessarily, demand in Bay Area for example is not really connected to homelessness all that much.

While rents have dropped a bit here, it more likely to get 2 months rent free rather than actual drops.

In a tough economy I would expect rents to drop and in turn asset prices as well.

The 6 trillion pumped in has to go somewhere, if it’s not inflation of consumer goods, it is inflation of capital goods. This has made it incredibly harder for mobility and wealth inequality

Re:Booking.com gives €28m in bonuses to three top execs; Too... by diordiderot on Saturday May 29, 2021 @04:34AM (#27323869)
It's amazing how sociopathic economics is without context
Re:Booking.com gives €28m in bonuses to three top execs; Too... by missedthecue on Friday May 28, 2021 @05:26PM (#27320724)
I have come to realize that many people are haunted by the constant fear that someone somewhere might be making a profit.

I think it's a great thing and a credit to our institutions that millions of citizens of my country weren't evicted last March and April. Who cares if landlords got paid for rent or if a bank received a mortgage payment?

Re:Booking.com gives €28m in bonuses to three top execs; Too... by daddylongstroke on Saturday May 29, 2021 @12:07PM (#27326143)
>...Who cares if landlords got paid for rent...

Hmmm...unfortunately, most landlords are people who own a single rental, often the one they lived in previously that they cannot sell. By not bailing out landlords (not speaking of institutional investors here that buy up distressed mortgages in cash by the hundreds), you've hurt average-earning middle income citizens. So yes, with the moratoriums, you've transferred wealth from a chunk of the middle class to a different chunk of the middle and lower class.

Re:Booking.com gives €28m in bonuses to three top execs; Too... by GFischer on Saturday May 29, 2021 @05:51PM (#27328511)
Most landlords own a single rental, but most rental properties are owned by large companies (notably REITs like MAA that has over 100.000 properties)...

So what you're saying is both true (in that it saves average-earning citizens) and false (most of the money went to large corporations like https://en.wikipedia.org/wiki/Mid-America_Apartment_Communit... ).

Re:Booking.com gives €28m in bonuses to three top execs; Too... by daddylongstroke on Wednesday June 02, 2021 @04:51PM (#27373870)
>...most of the money went to large corporations...

As far as I know, no landlord, large or small got any bailout. Are you saying investor-landlords received some type of direct stimulus? If so, can you elaborate?