I’m a renter. Do I need to prove I’ve lost my job to not pay? Do I get to skip out on paying for a luxury apartment if I have money in the bank? Does my landlord get to skip her mortgage? Or only the portion paid by my rent? What about the bank who holds the mortgage? Or the retired bond holder who ultimately gets the mortgage payments?
Every step along the way requires somebody to not get paid.
If the government intervenes, at which step should they do it?
I’m not saying no actions should be taken, just that it’s more complicated than pure rent forgiveness. Perhaps the answer is some kind of short term UBI, but that gets expensive quick. Zero interest government loans puts the burden back on the individual. I’m not fully clear on how to beat balance individual ownership versus protecting the system from collapse. (The latter involves propping up the banks)