Originally posted by elguapo
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1. Tenants stop paying rent.
2. Landlord has to wait 60 days before applying to tribunal and is unable to evict tenant.
3. Bank gives landlord a mortgage holiday.
4. Interest on landlord's mortgage keeps accruing during the mortgage holiday.
5. Eventually everyone starts making their payments again and the only difference between then and now is that the landlord is now deeper in debt. Whether the missed rent is recoverable remains to be seen. If Jacinda has her way I'm quite sure it won't be.
In the aggregate, the government expects landlords to take one for the team.
Hardly surprising, they've despised us since they started.
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