In addition to stopping evictions — and eviction court filings — the measure would block foreclosures and “establishes a fund to recoup cancelled residential rent and delinquent mortgage payments and for tenants to secure funds to move.”
Fir every rent payment cancelled there is a landlord being hurt…
Governor of Alderaan
6 years ago
Why 180 days? Why not 360 days? Why not 180 years? Why not eliminate all taxes and fees for 180 days?
Joe Blow
6 years ago
look at these morons, attempting to solve a problem they once again created… oops, sorry we created 25% unemployment in two months… whoops! Uh… lets try and fix that with another stupid program!
Tom Paine's Ghost
6 years ago
This is illegal and won’t survive a court challenge. More pointless virtue signalling from socialist dunderheads.
Yoz
6 years ago
Don’t be too harsh, they totally play-tested this in Monopoly before proposing it.
debtsor
6 years ago
The problem with bills like this is the same problem with the bailout bills of 2008: moral hazard. Just as bailing out banks caused them to again lend too much money to marginal borrowers, a rent jubilee only encourages renters not to save for a rainy day. Aesop told a fable literally thousands of years ago about the ant and the grasshopper. You must work all summer to save for winter. And the problem is that too many renters spent their money all summer, and now that winter is here, they can’t pay rent. I get what being poor is… Read more »
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
This state has gone full on communist…..
Aren’t leases and mortgages contracts? I thought the Dems position is that contracts can’t be changed.
Fir every rent payment cancelled there is a landlord being hurt…
Why 180 days? Why not 360 days? Why not 180 years? Why not eliminate all taxes and fees for 180 days?
look at these morons, attempting to solve a problem they once again created… oops, sorry we created 25% unemployment in two months… whoops! Uh… lets try and fix that with another stupid program!
This is illegal and won’t survive a court challenge. More pointless virtue signalling from socialist dunderheads.
Don’t be too harsh, they totally play-tested this in Monopoly before proposing it.
The problem with bills like this is the same problem with the bailout bills of 2008: moral hazard. Just as bailing out banks caused them to again lend too much money to marginal borrowers, a rent jubilee only encourages renters not to save for a rainy day. Aesop told a fable literally thousands of years ago about the ant and the grasshopper. You must work all summer to save for winter. And the problem is that too many renters spent their money all summer, and now that winter is here, they can’t pay rent. I get what being poor is… Read more »