There has been a moratorium on evictions in the US for much of this year. It didn't relieve people of the obligation to pay rent, it merely closed the courts to eviction proceedings. The bills have added up, for an estimated 1,000,000 families. The moratorium is due to end January 1st. The courts are bracing for an avalanche of filings.
There are calls to "cancel the rent," but doing that is beyond the power of the government, unless the rent is owed to the government. Most of it is owed to people. I know a couple of people who are dependent on collecting the rent to pay their bills. They have their life savings invested in rental property, the rent paid on that is their income. Forgiving the rent, would be taking away their income. Some of it is owed to corporations, and partnerships, and those are funded by private capital, in other words people's life savings. If Congress wants to deal with this, Congress needs to step up and make the landlords whole. As it is, much of the arrears will never be collected, resulting a meaningful loss of income for people who invested their life savings in owning rental property.
Well that ramble is a bit of a downer. I wish I had easy answers, sometimes there are no easy answers.
How do you respond to calls to "cancel the rent" or "cancel the student loan debt"?