*via US Census Bureau - some 15M individuals (6.5M renter households) are behind ~20B cumulatively on their back-rent w/ over >70% due to smaller ‘mom-n-pop’ landlords (aka middle class rentiers)
The gov’s eviction-freeze policies are breeding moral hazard + resentment..
P1
The gov’s eviction-freeze policies are breeding moral hazard + resentment..
P1
.. As usual - the gov’s shortsighted policies create waves of unintended cons.
At moments like this it’s important to read Fredric Bastiat’s classic book on economics👇🏻
As he noted: beware what is seen (the renters being helped) vs what is unseen (small landlords suffering)
P2
At moments like this it’s important to read Fredric Bastiat’s classic book on economics👇🏻
As he noted: beware what is seen (the renters being helped) vs what is unseen (small landlords suffering)
P2
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