Congress must acknowledge the impact COVID-19 has on the housing industry. Rent payments have effectively been cancelled due to the impending national quarantine. Property owners and housing professionals count on rents to pay mortgages, property taxes, insurance, labor, and material supplied by artisans and industrial manufacturers. Several sectors of the economy will receive bailouts from the worst impacts of the national quarantine, real estate MUST be one of them.
A bailout for the real estate sector is a bail out for the average American. Individual real estate investors account for 74.4% of rental properties in the United States. (US Census Bureau) 36.6% of US households are renting, the largest percentage since 1965. (Pew Research Center)
What does a real estate industry bail out look like? It would help both tenants and landlords:
- Pay rents on behalf of the tenants to the landlords for the effective time of quarantine.
- Pay mortgage and operating expenses for building owners during the effective time of quarantine.
2 Comments
my renters havent paid in 2 months and the bank still expects full mortgage payments every single time. i have bills too people dont understand that landlords arent all millionaires.
Sign Petition
We never post to your account. Social sign-in is used only to verify your signature.
Add a comment?
Your signature will be added via . Tell others why you're signing — it's optional.
By signing, you accept our Terms and Privacy Policy and agree to occasional emails about petitions. Unsubscribe anytime.
Share this petition
Share this petition to help it reach more people.
Your share link
Congress must acknowledge the impact COVID-19 has on the housing industry. Rent payments have effectively been cancelled due to the impending national quarantine. Property owners and housing professionals count on rents to pay mortgages, property taxes, insurance, labor, and material supplied by artisans and industrial manufacturers. Several sectors of the economy will receive bailouts from the worst impacts of the national quarantine, real estate MUST be one of them.
A bailout for the real estate sector is a bail out for the average American. Individual real estate investors account for 74.4% of rental properties in the United States. (US Census Bureau) 36.6% of US households are renting, the largest percentage since 1965. (Pew Research Center)
What does a real estate industry bail out look like? It would help both tenants and landlords:
- Pay rents on behalf of the tenants to the landlords for the effective time of quarantine.
- Pay mortgage and operating expenses for building owners during the effective time of quarantine.
2 Comments
THIS IS ABOUT SURVIVAL. If the owners lose their buildings everyone gets evicted eventually. Stop acting like helping landlords is a crime when the whole economy is crashing.
my renters havent paid in 2 months and the bank still expects full mortgage payments every single time. i have bills too people dont understand that landlords arent all millionaires.
Help this petition grow
Share it with friends to help reach 50 signatures.
Sign Petition
We never post to your account. Social sign-in is used only to verify your signature.
Add a comment?
Your signature will be added via .
Tell others why you're signing — it's optional.
Signing with Google or Facebook verifies your signature instantly — no email needed.
By signing, you accept our Terms and Privacy Policy and agree to occasional emails about petitions. Unsubscribe anytime.
Share this petition
Share this petition to help it reach more people.
Your share link
Petitions like this
Other petitions you might want to support
Scan to share
Anyone who scans this can sign the petition.
THIS IS ABOUT SURVIVAL. If the owners lose their buildings everyone gets evicted eventually. Stop acting like helping landlords is a crime when the whole economy is crashing.