I have a family member who had the misfortune to rent out a house he previously lived in (he was moving and due to some issues in the neighborhood wanted to rent his old house out for a year before selling) in Feb of 2020. I think his renter paid one month of rent, and then nothing after that. And I looked the guy up, I have sympathy for people who are really on hard times or who lost jobs but this dude is a grifter who is just taking advantage of the situation.
So he's lived there coming on 18 months paying absolutely nothing. My relative was fortunate enough to get a good dose of rental assistance (as this article said, the process was extremely chaotic), but I guarantee he will never be a landlord again. The risk/rewards of a tenant/landlord relationship used to feel well known, but now it feels like the government can basically commandeer your property at will.
So this means you are just going to be left with large corporate landlords who are diversified enough that they can take the risk. And what makes me so angry about this is that, as someone who is generally on the "left" side of the political spectrum, I see all these calls for "cancel rent", as if housing grows on trees and landlords are all some kind of Ebenezer stereotype, instead of being a lot of small-time folk just trying to get by.