I would hope that with the bans on evictions, that they’re going to extend some sort of relief all the way up the chain.
Many landlords have mortgages that have to be paid regardless of whether the rent is getting paid. Landlords often have other expenses that won’t be waived. Like insurance, maintenance and property taxes. Perhaps property management as well if they engaged one of those outfits. Think state and local governments will waive property taxes if their own cash flow is hurting? I have a bridge to sell you. Think the insurance company will cover the property owner if premiums are stopped but a big loss is taken? There’s another nice bridge over yonder. Think that tenant will be nice when the toilet is overflowing or the kitchen range stops working?
If the moratorium goes on long enough, the landlords operating on thinner margins will eventually find their cash drained. Then bankruptcy? But who’s going to buy the property off their hands if the rental revenus stream has no assurance behind it?
Many banks are servicing multiple mortgages for residential owners and investors, and commercial buildings. If a sufficient number of mortgages aren’t getting paid, what can happen to this bank or that?
Hence this is at best a temporary stopgap. They can print money, but they can’t print the economy. So efforts have to be focused on getting the economy going again. But that is still being hamstrung hard thanks to the still draconian measures of many governors. For something that killed less than 9000 persons under 50 years old per the CDC, yet we’re still holding them down.