Loud & Clear: Commercial Rent Crisis

Richard Wolff joins Brian Becker on Loud & Clear to discuss the commercial rent crisis. Only 50% of commercial rents were paid in April and May and many landlords have already filed lawsuits against their tenants. "We are now in a phase of the economic downturn where everybody is on their own."
But what happens to society if the landlords don't get their rent?

Listen to this whole segment on Loud & Clear.

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  • Pasqual DiGesu
    commented 2020-06-29 09:39:38 -0400
    Moratorium on rent collecting but also real estate owners debt to include utilities, mortgages, property taxes. No one profits, no one loses. the whole wheel must be stopped from turning not just part of it , ,
  • Benjamin Schroeder
    commented 2020-06-13 19:27:33 -0400
    this segment of loud and clear with Richard wolff was good. what i’m waiting for is the big crash of the stock market – I hope the rich take a big loss in the trillions of dollars. trump will make our country into a police state of all directives come out of Washington – life as we have known it will have vanished.
  • Richard Wolff
    published this page in Updates 2020-06-12 07:36:46 -0400