Democratic Rep. Ilhan Omar of Minnesota has introduced a bill co-sponsored by the other members of the far-left freshman “squad” that would severely restrict personal property rights.
The Rent and Mortgage Cancellation Act, introduced April 17, would cancel all rent and mortgage payments for the remainder of the coronavirus pandemic.
“The bill would constitute a full payment forgiveness, with no accumulation of debt for renters or homeowners and no negative impact on their credit rating or rental history,” according to a news release distributed by Omar’s office. . .
For one, it would force landlords to give up their right to annually adjust their rental rate to compensate for increases in property taxes, insurance or other variable costs. . .
It essentially seeks to shift ownership of rental properties from private hands to the government, forcing landlords to give tenants a 10% equity stake in their property. (Read more from “Leftist Extremists Want Feds in Control of Private Property During Pandemic” HERE)