In times of Covid

I am not economist, nor I pretend to be, but it is not hard to noticie that the biggest financial problem as a consequence of social distance and stay at home economy; for people and companies is to pay rent, mortgage or big loans. So why not just stop any big financial obligations for 1, 2 or what it last, without late fees, foreclosure, eviction or any other kind of penalties. After all, it is not that they don’t want to pay, but they cannot. I am sure this will be more effective that any help from uncle Sam. Once this is over, everybody gets back on their feet, the economy would resumes; and everybody would have less debt.

The important thing is to overcome this together, helping and caring from each other. making sure we have the necessary to live, and not worrying if we have enough to pay

Just a thought

 

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