You ever had rentals? People that live in something for free have no skin in the game and will trash the place, so you are actually better off empty, no money either way!
There will be a happy (unhappy?) medium and the market will work this out. What’s a bit different this time is that there are a lot of good renters who are regular payers and have a work ethic. They will suffer a bit, but they and their landlords will come to accord.
The usual deadbeats will never change, and this will be just one more excuse.
My son has 2 rentals. Rents are 400 and 450. These people got a stimulus check. Pay the rent. My son pays some utilities. He can’t pay these without the rent. 2 of the 3 renters are on SSI and food stamps. There income has not changed. Pay the dam rent.
Boy is that ever true.
The first rent house i had i got in a land purchase. It was also the last one i will ever have for rent. It is gone now. I bull dozed it and yes, it was very liveable. I got tired of people asking to rent it.
Took five months to get the last deadbeat out and he trashed the place. Repaired, painted and floored. Next ones stayed 6 months and skipped out.
We have too few jobs and pay too well for not having one. We need more jobs, less support for those who can work but don’t. Maybe bringing manufacturing back will fix at least some of this.
Oklahoma is about as impoverished as the Delta South. Once in awhile the leaders start wondering how to change that. Looking South of the Red River would be a place to start. Oops, Okla squandered most of the oil wealth it once had already.