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Old 08-20-2020, 08:07 AM
 
8,272 posts, read 6,101,844 times
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Quote:
Originally Posted by BugsyPal View Post
People need to step away from the Kool-Aid punch bowl.

The Henny Pennys running around moaning that the sky was about to fall, and thousands of people would be homeless thanks to covid-19 have been to date proven wrong. No such thing has happened.
Not yet. However, almost every small business in the US is currently being propped up through government programs and that help is about to end. Businesses got the PPP loans to help pay for employees. Most loans will be forgiven but the fact is that the businesses will have to start paying for employees directly again once their PPP fund is depleted. Many businesses got large disaster loans to cover expenses like rents and utilities and they will have to start paying those back next year. And many small business owners qualified for unemployment with the extra $600 per month to pay themselves.

And if businesses aren't able to get back to 100% by the time these funds are gone, the sky may fall.
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Old 08-21-2020, 03:14 AM
 
Location: Las Vegas & San Diego
5,722 posts, read 2,218,776 times
Reputation: 6795
Quote:
Originally Posted by HJ99 View Post
In many areas their are still local anti-eviction laws in place where state laws dont prevent such. The federal one just ended. You can imagine the courts that do evictions are overwhelmed. Give it a chance, the sky takes a while to fall, it doesnt do it instantly anymore than results of the virus are instantaneously. Nor the long term results of the illness. Just cause you want instant answers and instant changes doesnt mean thats way it works. Heaven help Navy or cruise line if they ever hire you to command a large ship. They dont turn on a dime. IT TAKES TIME.

People are used to instant answers and this is a NOVEL virus and a NOVEL situation with largest unemployment since the Great Depression. The 1918 pandemic and the Great Depression are hundred years past. And it was a very different economy.

The best way to have dealt with this mess was to declare a bank holiday, prevent evictions and stop mortgage payments UNTIL THE MESS IS OVER. No back rents, no being arrears on mortgages. JUst put it all on hold until this is over. Everybody pick up where things left off when it is over. And cry me a river over loss of money for huge banks and Wall Street. Those folk got a get out of jail free card back in 2008/2009. Paid themselves bonuses with govt bailout they got and NOT ONE of them went to jail. Their bought and paid for politicians even weakened the already weak laws put in effect shortly after that situation to try and prevent such stupidity again.
The problem with rent and mortgage moratoriums is that is only 1 side and it is not a big bank or wall street company on the other side much of the time - you just pushed the issue to another person who may not be able to live with that action. The "instant action" of a moratorium has far more consequences and needs more thought than just screw big business, it is often someone's little business. My 89 year old mom lives on what she gets in mortgage payments and rents - is it fair to make her hold the bag. There are also costs on rentals other than mortgage, do those get waived with no way to recover also (no back rents).

Most are still working and most of the rest are getting much of their income when they were working (and some getting more with the $1200 one time and the $600 or now $400/ mo extra) - why can they not pay rent with that money - they get the benefit of a salary or unemployment plus extra payment AND rent or mortgage moratorium because they need it?
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Old 08-21-2020, 09:33 AM
 
Location: North Idaho
30,967 posts, read 42,665,016 times
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Just so you all know, the state of Indiana lifted their eviction ban, and the number of filings for evictions is normal for the month. There is no flood of evictions.


This hysteria about 43 million people becoming homeless overnight is Marxism propaganda. It's not happening.
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Old 08-23-2020, 05:29 PM
 
16,007 posts, read 12,807,693 times
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Quote:
Originally Posted by oregonwoodsmoke View Post
Just so you all know, the state of Indiana lifted their eviction ban, and the number of filings for evictions is normal for the month. There is no flood of evictions.


This hysteria about 43 million people becoming homeless overnight is Marxism propaganda. It's not happening.
If is NYC, will be a flood of filings for evictions, but maybe not a flood because tenants be protected.
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