#metoo
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Ok say we prohibit evictions
Landlords default on mortgages (maybe this happens regardless)
Leveraged banks get insolvent fast (maybe this happens regardless)
Money printer goes brrr? Fed just buys mortgages? How does this play out?
Unclear to mehttps://twitter.com/danlistensto/status/1288178022475091969 …
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That's why I'm curious. Anecdotally I remember reading many stories about how many farmers rented their land/house so had a constant payment to worry about. No work/crops, no house.
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Feds came at the issue from a couple angles but the biggest program at the time was the FHA. Mostly this was about shaping risk profiles for mortgage lenders by having the govt assume risk. They didn’t really take action against evictions directly.https://en.m.wikipedia.org/wiki/National_Housing_Act_of_1934 …
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ban mortgages amirite
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ban _leveraged_ mortgages
End of conversation
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