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<blockquote data-quote="Umbran" data-source="post: 7989851" data-attributes="member: 177"><p>Then the person who owns the property doesn't have revenue. That means they can't do maintenance on the property. If utilities are part of the rental agreement, those can't be paid. Insurance on the property can't be paid. Property taxes also don't get paid if the rent isn't paid, so part of the local government budget disappears. And if there's a mortgage on teh property, that doesn't get paid - and your lending banks have a cash-flow problem at a time you <em>really</em> want them to be able to make small business loans...</p><p></p><p>Oh, and property taxes often go into the town's education budget. That budget is right now going into trying to manage some kind of distance learning for kids - which isn't a planned part of most school's infrastructure, so they are incurring unforseen costs to try to keep kids learning. Oh, and meal plans - a lot of kids were depending on schools to feed them breakfast and lunch, and they are going hungry without those programs. So, the schools have often been delivering that food, and burning through their budgets doing it. And now those budgets are going to be short even more. Whoops!</p><p></p><p>You can't just shut off major money flows and not expect to have downstream issues.</p></blockquote><p></p>
[QUOTE="Umbran, post: 7989851, member: 177"] Then the person who owns the property doesn't have revenue. That means they can't do maintenance on the property. If utilities are part of the rental agreement, those can't be paid. Insurance on the property can't be paid. Property taxes also don't get paid if the rent isn't paid, so part of the local government budget disappears. And if there's a mortgage on teh property, that doesn't get paid - and your lending banks have a cash-flow problem at a time you [I]really[/I] want them to be able to make small business loans... Oh, and property taxes often go into the town's education budget. That budget is right now going into trying to manage some kind of distance learning for kids - which isn't a planned part of most school's infrastructure, so they are incurring unforseen costs to try to keep kids learning. Oh, and meal plans - a lot of kids were depending on schools to feed them breakfast and lunch, and they are going hungry without those programs. So, the schools have often been delivering that food, and burning through their budgets doing it. And now those budgets are going to be short even more. Whoops! You can't just shut off major money flows and not expect to have downstream issues. [/QUOTE]
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