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Rep. Ilhan Omar: Cancel all rent and mortgage
payments for duration of COVID-19 crisis

Original Article

Posted By: NorthernDog, 4/18/2020 12:37:14 PM

Rep. Ilhan Omar on Friday unveiled legislation aimed at providing relief to "the millions of Americans currently at risk of housing instability and homelessness" by canceling all rent and home mortgage payments for the duration of the COVID-19 pandemic. "The coronavirus crisis is more than just a public health crisis — it's an economic crisis," Omar, a Minnesota Democrat, said in a statement. "Minnesotans are losing jobs, getting their hours reduced, and struggling just to put food on the table. We must take major action to protect the health and economic security of the most vulnerable." "Congress has a responsibility to

Comments:

It's stunning how ignorant of basic economics these people are. Rentals properties would quickly go bankrupt, as would all mortgage holding entities.

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Reply 1 - Posted by: HotRod 4/18/2020 12:41:29 PM (No. 383770)
I've got a better idea: Cancel all Congressional and Senate pay for the duration! Give the money to small business!
75 people like this.

Reply 2 - Posted by: LoneVoice 4/18/2020 12:53:25 PM (No. 383789)
I've got an even better idea: Cancel this insane over reaction of a quarantine and get the whole country back to work!
50 people like this.

Reply 3 - Posted by: bad-hair 4/18/2020 12:54:49 PM (No. 383791)
Isn't the House on vacation for 3 weeks so Nancy can raid the fridge ? Can you get more non-essential than that ? How about Vay Cay No Pay.
28 people like this.

Reply 4 - Posted by: StrikingViking 4/18/2020 1:03:05 PM (No. 383804)
Democrats' go-to strategy is to create a shortage and then expand the government to provide relief to favored constituents. For example, one Democrat proposes sending $2,000 a month to certain folks for the duration of the crisis (it'll end on November 4th if PDJT is cheated out of a second term).
9 people like this.

Reply 5 - Posted by: PChristopher 4/18/2020 1:10:45 PM (No. 383813)
I think we should deport all Somalis until the dangers have passed
35 people like this.

Reply 6 - Posted by: john56 4/18/2020 1:11:35 PM (No. 383815)
Payments to new lover/hubby campaigm consultant must continue as an essential service,though ?
15 people like this.

Reply 7 - Posted by: Flyball Dogs 4/18/2020 1:16:07 PM (No. 383820)
Is she that stupid or just drooling Communist platitudes again? Either option is lose-lose.
15 people like this.

Reply 8 - Posted by: WhamDBambam 4/18/2020 1:18:24 PM (No. 383824)
It’s long past time for the voters to cancel her.
19 people like this.

Reply 9 - Posted by: kono 4/18/2020 1:24:30 PM (No. 383829)
Communist stupidity. The economy and marketplace are huge webs of inter-dependence, not ad-hoc collections able to be tweaked here and there. The Left can't understand that this makes "essential" status propagate to a much larger set of people than might be immediately obvious. Nor that it means every tweak of the market propagates up and down the supply chain to impact people not obviously related.
10 people like this.

Reply 10 - Posted by: HerbVA 4/18/2020 1:27:01 PM (No. 383832)
And then what after the water and power are shut off?
12 people like this.

Reply 11 - Posted by: EQKimball 4/18/2020 1:30:49 PM (No. 383839)
If mortgage payments are suspended, why would a bank extend credit to someone buying a home? Where does a bank go to make up for the billions in lost revenue from its existing loan portfolio? What planet did she come from?
13 people like this.

Reply 12 - Posted by: RedWhite&Blue2 4/18/2020 1:35:10 PM (No. 383845)
How about we cancel HER? AND her “squad”!
17 people like this.

Reply 13 - Posted by: DARling 4/18/2020 1:45:08 PM (No. 383858)
Ms. Omar would still blame Trump if all of those unpaid landlords had their properties foreclosed on and the tenants were thrown into the streets. The homeless people living in the parks and filthy tent cities would be figuratively heaped at Trump's feet.
6 people like this.

Reply 14 - Posted by: pros7767 4/18/2020 2:01:12 PM (No. 383872)
I'm no genius in economics so forgive me if I'm off base. I can't stand this woman but I have said from the beginning to do exactly that. The mortgage debt gets added to the back end of the mortgage but frees up money now. Many rental properties are owned by people with mortgages so they don't have to pay their mortgage. I'm just not sure what the impact on the banks and mortgage companies. Couldn't they be helped with money from the 2.2 trillion dollar stimulus? Just asking... Bigger issue is deciding how long the extension of non-payment goes for. That's where it gets dangerous. Perhaps someone can educate me as to why this doesn't work. Serious question fellow Ldotters.
3 people like this.

Reply 15 - Posted by: DVC 4/18/2020 2:03:48 PM (No. 383876)
More idiocy from the tip stealing barmaid.
4 people like this.

Reply 16 - Posted by: moebellini3 4/18/2020 2:04:01 PM (No. 383878)
Lol, the people this moron is talking about don't pay their rent or mortgages now so what difference does it make. The govt is already paying their bills including food. Get it.
6 people like this.

Reply 17 - Posted by: tootall 4/18/2020 2:34:36 PM (No. 383897)
#14. There is no 2.2 left! If my tenants don't pay rent I'm foreclosed on and lose my investment. This is a second job for me, which means I work two jobs. That is 80 hours/wk. That job could be gone too! Oh....and no 2.2 trillion for help there either. That money is already gone! Education about Economic consequences would be helpful before posting! And where is Pelosi? Or all our Government....House/Senate/ Republic/Democrat and Independent! This is not a crisis for them, but it is for me!!!
13 people like this.

Reply 18 - Posted by: Starboard_side 4/18/2020 3:10:14 PM (No. 383909)
I mentioned this as an 3 month option weeks ago, but notice how Democrats are tripping over themselves NOW that the tipping point looks to be reach, and we're on the downside of this pandemic? The economy was FINE prior to being forced to shut down due to the pandemic. However, if they keep the shutdown in-place too much longer, like NYC has stated they won't open back until July or maybe August, it's likely to result in such permanent damage that it won't be very easy to bounce back. Of course, Democrats may want that option since it would help them push for all of the crazy liberal ideas they want, and their ultimate goal of fundamentally transforming the United States of America. And, don't confuse that phrase for something better, as it means only a certain group will find things much better, and the rest will not enjoy such freedom and opportunity.
6 people like this.

Reply 19 - Posted by: john56 4/18/2020 4:53:18 PM (No. 383994)
#15, You got your Democrat harpies mixed up. Omar is the brother-marrying, home-wrecking Muslim. AOC is the tip-stealing barmaid.
9 people like this.

Reply 20 - Posted by: ginadee 4/18/2020 8:09:12 PM (No. 384138)
She's nuts!
1 person likes this.

Reply 21 - Posted by: 4Justice 4/18/2020 10:45:30 PM (No. 384206)
What about small property owners who rely on rental income??? Why doesn't she use all that money she stole (funneled to her husband) from her campaign fund to help her constituents pay their bills?
0 people like this.

Reply 22 - Posted by: moonlightflip 4/19/2020 12:10:18 AM (No. 384223)
Cool! Good reasons for the pandemic never to lessen...Typical leftist idiocy!
0 people like this.

Reply 23 - Posted by: ColonialAmerican1623 4/19/2020 12:35:48 AM (No. 384227)
It only seems fair she donates her salary back into her community. The President doesn't take a salary and Sen. Rick Scott donated his salary.
0 people like this.

Reply 24 - Posted by: wilarrbie 4/19/2020 1:12:06 AM (No. 384245)
How 'bout you cancel my income taxes for a coupla months? Oh, wait...you already did.
0 people like this.

Reply 25 - Posted by: Trigger2 4/19/2020 1:41:17 AM (No. 384254)
Omar must be short on paying her mortgage or rent. Well Omar, go get it from your saint Imam.
0 people like this.

Reply 26 - Posted by: Cynical Backstory 4/19/2020 7:32:53 AM (No. 384280)
And what about those of us who chose to buy and get paid for, several rentals as part of our retirement plan? How do I cover utilities and food if my income isn’t coming in?
0 people like this.

Reply 27 - Posted by: DCGIRL 4/19/2020 7:45:18 AM (No. 384291)
It's time that she is deported for immigration fraud.
1 person likes this.

Reply 28 - Posted by: paral04 4/19/2020 3:09:30 PM (No. 384666)
In total, the CDC estimates that up to 42.9 million people got sick during the 2018-2019 flu season, 647,000 people were hospitalized and 61,200 died. This so called epidemic doesn't even come close to this and we are shutting down our country. The press has done this to get Biden/Obamas back in office. God help us.
1 person likes this.

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