Bipartisan support for more relief, rent suspension during coronavirus

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Bipartisan support for more relief, rent suspension during coronavirus

New poll shows bipartisan support for more relief measures during coronavirus crisis. Rent suspension, debt collection prohibition, mortgage forgiveness, monthly payments, and other forms of relief are extremely popular

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Q1 2020 hedge fund letters, conferences and more

Additional Emergency Relief Including Rent Suspension

A newly released poll conducted by Data For Progress finds overwhelming bipartisan support for an additional emergency relief bill encompassing a variety of proposals to provide relief to individuals during the pandemic, including rent suspension, monthly cash payments, and the forgiveness of at least $10,000 in student debt. The most popular proposal tested is the prohibition of debt collection, garnishing wages, and repossession during the pandemic. This policy is supported by a massive 71-point margin.

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“Monthly cash payments, rent suspensions, forgiving mortgages, and other forms of emergency relief have overwhelming support,” said Alexandra Rojas, executive director of Justice Democrats. “Voters want bold action in the next bill before it might be too late.”

corona relief rent suspension

A Ban On Evictions, Foreclosures And Repossessions

Three other policies—a ban on evictions, foreclosures, and repossessions during the pandemic; suspending rent payments for business and tenants affected by the crisis and forgiving the mortgages of affected landlords; and suspending rents of affected businesses for ninety days—all enjoy margins of support over 60 points.

A policy to give families $2,000/month payments for adults and $1,000/month payments for children, a policy to suspend all business and credit payments, and a policy to suspend commercial rent payments for businesses are three policies that voters support by 50 points or more.

Voters support the four other policies we tested—including suspending work requirements for public housing—by 30 points or more. From these results, one thing is abundantly clear: Voters want dramatic action for this dire economic situation.

rent suspensionWhat do you think about these issues such as rent control? Let us know in the comments section!

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)www.valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
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