California will pay off all past due rent

Re:California will pay off all past due rent by s1artibartfast on Tuesday June 22, 2021 @02:19PM (#27595182)

What portion of the individual landlords own multiple units and were operating in the green during the pandemic?

Also, this is looking at only 80/140 million units which are singly family.

I expect if you look at the other 60 million multi family units, the results would be the exact opposite. How many high rise apartment buildings in SF and NY are owned by individuals?

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Re:California will pay off all past due rent by JKCalhoun on Tuesday June 22, 2021 @03:46PM (#27596274)

Agree. And further, in which direction is the industry moving?

It looks as though that my kids will be unable to buy a home and may be renters-for-life — as with an increasingly larger percentage of the upcoming generations.

No doubt, like in every other pursuit of Capitalism, there will be mergers, buyouts, and consolidation of the entire "rental industry".

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Re:California will pay off all past due rent by s1artibartfast on Tuesday June 22, 2021 @04:53PM (#27597066)

I tend to agree that things will become increasingly consolidated, but think it is more the fault of the government, opposed to the capitalist system.

It is the government which has inflated the cost of housing and assets out of the reach of many people. For example, in 2020, there were 10 trillion dollars in US covid packages and federal reserve actions, which mostly went to corporation to buy assets out from under individuals. Thats > $60,000 per federal taxpayer.

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