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Property investors want their own version of JobKeeper coronavirus stimulus, page-5

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Free will

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01/04/20

08:16

Post #: 43810061
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Originally posted by UniversalTrader: ↑

The smartest and most cost effective measure the govt can do is guarantee the rental short fall.

This is what I would do if I were the govt:
Tenant discusses their situation with the landlord
Landlord re-assesses the market and potentially reduces the rent depending on the area demand
Tenant pays as much as they can reasonably afford on the new unemployment benefits - for a couple they should be able to manage around $300 to $400 per week
The difference in rent from what is paid to the actual rent is accumulated as a debt to be paid later that is guaranteed by the govt
Landlord gets a payment holiday from the bank if necessary
When things return to normal
landlord returns to fully paying their adjusted mortgage,
tenant pays their full rent along with extra as part of a payment plan
if tenant defaults on their payment plan obligation the govt pays the outstanding rent and chases the tenant for the money

The above is both fair and cost effective for the govt and would help stabilise the market. Though I am sure there will be some level of extra rental assistance thrown in there as well.

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Hand equity investors should get compensated for share falls as well.....

Jeez, investment has risk; it is being realised now
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