In my first post in this series on the economic fallout of covid-19, I asked whether banks are the heroes of our current economy. The answer was a resounding no. But now, as thousands across Australia are losing income, either from reduced hours, a decrease in business, or even a complete loss of employment, many are now struggling to afford the basics. Including rent. As a result, many have turned their attention to landlords.
The Prime Minister has announced a six-month moratorium on commercial and residential evictions, with renters encouraged to contact their landlords or real estate agents if they’re facing financial hardship as a result of the coronavirus shutdown.
But (surprise!) it seems that simply expecting tenants and landlords to work it out themselves isn’t working.Continue reading “Are landlords the bad guys?”