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beginning May 1st rents will become due as usual, that's why the government is giving you money so you can pay for a place to live. Probably give you 6 months to pay what you owe on top of that.
I think landlords are often offering incentives to people who can pay to pay on time. I know my landlord did. It wasn’t a huge discount, but if you are able to pay and can save money, why wouldn’t you?
The issue with the unemployment right now is that it is not immediate. People might file for it, but there are so many claims being filed that those people are likely to be late with their payments because they still have to wait for the money to start coming in. Plus, not everyone is in states where you can get up to $65K on unemployment. In Florida, the max you can collect is $875 a week after the stimulus, and a lot of people will be coming from jobs where they made well over the approximately $46K or so you’d make a year with that.
Yeah... every state is different. Ours did away with the week waiting period, and the checks are flowing with about a week delay. I can see how people might have short term issues due to the timing of final paychecks and unemployment.
So what do we see happening to all of the people affected by the wage loss during this period? Half or more of the population lives paycheck to paycheck and relief efforts cannot fully help everyone and about half of all Americans live in rental housing. Landlords/apartment communities cannot evict people currently but for how long, and where will people come up with back rent when getting by on one regular paycheck is challenging enough?
As George Thorogood said......about his landlady:
She a-howlin' about the front rent, she'll be lucky to get any back rent,
She ain't gonna get none of it
As George Thorogood said......about his landlady:
She a-howlin' about the front rent, she'll be lucky to get any back rent,
She ain't gonna get none of it
Gave reps for excellent post. Now off to pour me four fingers of bourbon.
Yes the “greedy” landlords do have operating costs people. Mortgage, taxes, insurance...these things don’t magically go away. Work with the tenant on a payment arrangement is the best solution while we get through this nonsense.
If you evict a tenant now, how many people are looking for a place to live amid all this?
As George Thorogood said......about his landlady:
She a-howlin' about the front rent, she'll be lucky to get any back rent,
She ain't gonna get none of it
I like George Thorogood but in that song he did not pay the rent because he spent all his money at the bar. And it was hard to get a job when you are at the bar all day. And like some posting here in his mind the landlady was unreasonable for expecting him pay the rent.
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