Rent strike…

I read an article this morning calling for a 90-day or longer “rent strike,” which seems to be a classed-up way of saying even if someone can afford to pay their rent, they’re not going to do it. The assumption of this movement is that property owners across the country should just absorb the cost of housing for people who can’t or won’t pay.

Until a few months ago I was the smallest of small time landlords – having one condo unit that I rented out. Over the years of owning the place I squirreled away enough operating funds that I was able to make repairs and hold two or three months cash reserve to tide over those months between the departure of one tenant and the arrival of the next. In my very best year, I cleared $1495. Most other years I was lucky to break even or be a few hundred dollars in the black when we did the final accounting. There were more than a few years when I had to augment the rental income with cash infusions from my “day job” to make sure all the bills got paid.

That’s all a long way of saying that expecting landlords across the country to carry the freight of a rent strike indefinitely is absurd. Even assuming the property owner has a “day job” what they’re suggesting would have driven me into the loving embrace of the bankruptcy court at about the ninety day mark. 

The big bad landlord these people want to screw over isn’t only the 10,000-unit holding company or Bank of America, it’s also the retiree who lives down the street or the working man across town who took a step on the property ladder by buying a trashed property and fixing it up. I’m well aware that blood from a stone isn’t a possibility, but the fact that social media is running amok with people who want to portray withholding all rent, especially by those who have the means to keep their obligations, as a heroic act of rebellion is just infuriating. 

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