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People can still buy candles, clothes, linens, etc in big box stores that contain grocery sections right? If I ran a small clothing store or something similar I’d be livid. Or maybe I’d stock some Mountain Dew and snickers so I could be considered essential.
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
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When the government gets involved in dictating consumer economics, everything gets out of balance.
Including intentional 'credits', which has ruined the alternative energy costs to consumers in USA since 1970's
Hit me this month when tenants were told by USA government they didn't have to pay rent. And landlords cannot evict.
None of my tenants have Covid related economic impact, but given a sanctioned excuse to not pay. Convenient for them, but I have $15,500 due in property taxes this month, + $5,000 insurance and of course mortgages / business loans.
Yes, life is not fair. Government adopting socialist policies will hurt a minority of the people, but benefit the politicians with a majority vote to win the next election.
Be cautious of how you vote. Countries have gone down the dark path usually in times such as these.
None of my tenants have Covid related economic impact, but given a sanctioned excuse to not pay. Convenient for them, but I have $15,500 due in property taxes this month, + $5,000 insurance and of course mortgages / business loans.
If the possibility of a tenant not paying rent this month threatens your ability to pay your annual property taxes and insurance you're not properly managing your cash flow.
It would be remarkable indeed that ALL your tenants are considered "essential employees."
And if so - they're all still working - I expect they're all still paying their rent. Only a few bozos would take advantage of this. Not zero. Some. But not most.
You're right about one thing: Illness and death is not fair. If you think the right answer is to evict people who really can't pay - you should look in the mirror. It's not politics. There's a time for profit.
And there's now. We're all losing, some personally, some financially, most both.
The big box stores definitely have an advantage because of the variety they sell. Local florists will lose out Easter and on Mothers Day, Father's Day etc. ei Home Depot, Lowes will make a killing. This is the time of year many get married or graduate which usually means gifts. Supermarkets and drugs stores that sell alcohol in many places have an advantage over liquor store only places. Some states relented others did not.
I'm surprised many Best Buy's closed because they sell washing machines, dryers, refrigerators, vacuums, stuff people will need when home. As will they need computers and accessories if they are going to work from home.
Obviously, we will need to plan meticulously for our next global disaster, so that no one is in the least affected or inconvenienced and perfect economic balance is maintained.
Also funny in the rant about the horrible socialist policies, yet apparently it's selective indignation. From another thread:
Quote:
Originally Posted by StealthRabbit
ACA bleeping my (4) affordable HC options went from $300 / month to $1700, then to $2700 (now I am on a subsidy plan (HC = $3.31 / month)
Government stepping in to help tenants by not letting you evict them during the crisis = bad.
Government picking up almost your entire healthcare premium every month = good.
I'm surprised many Best Buy's closed because they sell washing machines, dryers, refrigerators, vacuums, stuff people will need when home. As will they need computers and accessories if they are going to work from home.
I think Best Buy is doing curbside pickup and some stores are permitted to stay open but are limiting number of customers inside at any one time.
But I guess they might be more disadvantaged over Home Depot and Lowes for those that like to walk in the store and see the brands.
The dept. stores, (macys, jcpenney) are going to be killed, and likely Bed Bath and Pier 1. Furniture stores as well, and stores you find in malls.
AGovernment picking up almost your entire healthcare premium every month = good.
Belief that anyone had truly affordable insurance in the last year or so before ACA, or would have anything but stratospheric costs now = triple facepalm priceless.
(I bought insurance for a 100-person company for 15 years and it reached the point where we had to reduce coverage/share costs with employees just for basic coverage on a 20-something pool. ACA did not cause the drastic inflation. Come the revolution - which may be here - healthcare is going to meet this Jesus fellow.)
I think Best Buy is doing curbside pickup and some stores are permitted to stay open but are limiting number of customers inside at any one time.
But I guess they might be more disadvantaged over Home Depot and Lowes for those that like to walk in the store and see the brands.
The dept. stores, (macys, jcpenney) are going to be killed, and likely Bed Bath and Pier 1. Furniture stores as well, and stores you find in malls.
Macys is furloughing most of its 125,000 employees
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