Not that logic has anything to do with it but here’s a thought: instead of putting a moratorium on evictions (which we all know is simply delaying the inevitable) why doesn’t the US simply purchase the debt owned (in the form of overdue rent) at a 0% interest rate for 3 years. The US Fed is just printing money anyway, and in this particular case it solves a whole bunch of problems in one simple action.

The benefits:

1. the landlord gets paid and so can pay their bills and there is no need to evict
2. with no debt owed to the landlord, there is no need to bankrupt the renter through the process of small claims
3. the tenant can stay in place and be protected from homelessness and have stability for their kids as they start school
4. the US government can take on the responsibility for collections – which it has the right to do through wage garnishment etc if the debt isn’t paid – which frees court time and legal fees (leakage).

It doesn’t seem that hard. The US should be the lender of last resort and simplify the process without unnecessary fluff. The discussions happening in Washington are beyond comprehension. Why can’t they pick a single problem, come up with a solution and pass a bill that solves that AND ONLY that and then move on to the next?

#DRWforColorado2022

#hottakeoftheday