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Old 12-11-2020, 12:20 PM
 
Location: Sandy Eggo's North County
10,292 posts, read 6,813,150 times
Reputation: 16839

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Quote:
Originally Posted by Sand&Salt View Post
"Banned camp"----oh, I get it! What the heck movie was that from??

Re the boat people---I fail to see how a $1,200 stimulus translates into a $60,000 Sea Ray.

Unwanted children: Better access to free contraceptives---cheaper than welfare.

Landlords and tenants both have a tough go during this time. I empathize with both.
I don't understand the buying frenzy for recreational stuff either, but the evidence is there.

As far as the "eviction ban" goes, the next regime to take the reins on Jan. 20 are floating the date of Dec. 2021 for the ban sunset. I guess we shall see...

I would think, if this happens, there may be a lot of properties coming on the market, as landlords won't be able to subsidize their tenants when it comes to paying the property taxes and mortgages and upkeep and damage those tenants create.

Once the vaccine begins to take effect (Feb-Mar) on the general population, and things re-open, then those tenants can start making their own money again. It'll be during the term of making money and not paying rent that could allow them to save resources to cover a down payment for their own home. Nahhh, that makes too much sense. They'll probably pee it away buying hookers & blow...
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Old 12-12-2020, 06:33 AM
 
18,547 posts, read 15,572,959 times
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Quote:
Originally Posted by mathjak107 View Post
Write the govt a check so they can do that ....in fact we all want our rent and bills paid ....why bother working ...
Do we want everyone working and spreading the virus, or staying home when possible? You're trying to apply capitalistic reasoning in the middle of the worst month of the worst US public health crisis in over a century!
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Old 12-12-2020, 06:36 AM
 
106,573 posts, read 108,713,667 times
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Quote:
Originally Posted by ncole1 View Post
Do we want everyone working and spreading the virus, or staying home when possible? You're trying to apply capitalistic reasoning in the middle of the worst month of the worst US public health crisis in over a century!
Quote:
Originally Posted by mojo101 View Post
why cant the government pay the rent for the tenants and mail a smaller check for grocery and misc?
so landlords can pay their mortgage and tenant can stay put and have food



irrelevant ...we all want the same perks in this mess .... why should someone who didn't pay their rent get their rent paid while his neighbor struggles and spends down whatever savings they have and still pays the rent and gets nothing.

we are all linked in one way or another . incomes have dropped for so many people yet they pay their bills . why shouldnt they be compensated as well..

mojo's post is just silly .
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Old 12-12-2020, 06:45 AM
 
18,547 posts, read 15,572,959 times
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Quote:
Originally Posted by mathjak107 View Post
irrelevant ...we all want the same perks in this mess .... why should someone who didn't pay their rent get their rent paid while his neighbor struggles and spends down whatever savings they have and still pays the rent and gets nothing.

we are all linked in one way or another . incomes have dropped for so many people yet they pay their bills . why shouldnt they be compensated as well..

mojo's post is just silly .
Disaster response will never meet the capitalistic concepts of fairness. Same thing with other disasters, for instance, in a hurricane, some people board up their windows and some do not. But that is scarcely a reason to deny relief to someone who did not board their windows up.

Capitalism works fine in normal times, but in an emergency society should accept a greater admixture of socialistic principles, at least temporarily.
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Old 12-12-2020, 07:09 AM
 
9 posts, read 10,359 times
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Quote:
Originally Posted by JakeinChina View Post
Electrian4you - Thanks for the feedback. One question I'm still not clear on your below answer.

Is it possible to sell single family homes even if you have tenants? Seems like you would be breaking the lease on the tenant and would need to compensate no?

You can sell a property with tenants living in it. There is no law stating it’s illegal. You are most certainly not breaking a lease. The new owner has to abide by the lease terms. There may be some compensation if the new owner does not want the tenant in the property at the time of possession so the original owner has to either make a deal with the tenant or wait till the lease is due and not renew

Does a landlord need to have a clause in the lease that if the owner sells the home, the tenant has (let's say) 30 or 60 days to find new housing? Or is a clause in the lease contract not necessary? Thanks
My family had a tenant on a month-to-month lease for the past 5 years since inheriting a rental home from our Dad.

When we were ready to put it up for sale a couple of months ago we let the tenant know what to expect.

The issues with selling a tenant occupied home are the showings. IIRC, Florida law calls for like 12 hours advance noticed. We told her we would shoot for 24 hours, and, we did. You never know what condition the house will be in and if the tenant is fearful of a sale, they could do things to hinder it. Including, deciding to not allow a realtor in to show the house.

We had multiple showing go off without a hitch, thankfully. I was concerned that we may have to evict (during a pandemic and tenant protection times) An investment firm bought it. As soon as they closed on the deal they showed up at the house, offered the tenant $1k to move within a week or go thru the court process of being evicted because they were not renewing the month-to-month lease they just purchased.
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Old 12-12-2020, 07:16 AM
 
106,573 posts, read 108,713,667 times
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Quote:
Originally Posted by ncole1 View Post
Disaster response will never meet the capitalistic concepts of fairness. Same thing with other disasters, for instance, in a hurricane, some people board up their windows and some do not. But that is scarcely a reason to deny relief to someone who did not board their windows up.

Capitalism works fine in normal times, but in an emergency society should accept a greater admixture of socialistic principles, at least temporarily.
the problem becomes who should get it and who shouldnt and as always those who are not will find away to milk the system so they do.


i could never imagine ever trying to institute a policy here in ny where on a mass scale those who dont pay their rent get it paid. it would have to be like unemployment was with the extra money . everyone gets it . why should anyone get a 1600 dollar rent allowance and be compensated for renting a place they really cant afford if they have no savings while someone else gets 800 .

it is a ridiculous idea to implement as well as would be totally un-affordable .
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Old 12-12-2020, 07:24 AM
 
5,527 posts, read 3,247,667 times
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Quote:
Originally Posted by ncole1 View Post
Disaster response will never meet the capitalistic concepts of fairness. Same thing with other disasters, for instance, in a hurricane, some people board up their windows and some do not. But that is scarcely a reason to deny relief to someone who did not board their windows up.

Capitalism works fine in normal times, but in an emergency society should accept a greater admixture of socialistic principles, at least temporarily.
If disasters allow us to suspend moral hazard, then the frequency of "disasters" will increase.
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Old 12-12-2020, 08:43 AM
 
Location: Boston
20,096 posts, read 8,998,912 times
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As this goes on longer and longer I suspect there will be more instances of faulty smoke detectors causing fires in these homes when no one is home.
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Old 12-12-2020, 08:44 AM
 
18,547 posts, read 15,572,959 times
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Quote:
Originally Posted by Avondalist View Post
If disasters allow us to suspend moral hazard, then the frequency of "disasters" will increase.
"Moral hazard" is a double edged sword. The hazard of too much benefits on the one hand, versus the moral hazard of unduly denying benefits on the other.

Saying that you won't act on an emergency because someone might act on a less severe emergency in the future is like saying you won't go to the doctor for skin cancer just because later you might go to the doctor for a normal mole which isn't really dangerous. A real disaster is a real disaster, period.

Last edited by ncole1; 12-12-2020 at 08:52 AM..
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Old 12-12-2020, 08:51 AM
 
828 posts, read 415,209 times
Reputation: 1148
Quote:
Originally Posted by ncole1 View Post
Do we want everyone working and spreading the virus, or staying home when possible? You're trying to apply capitalistic reasoning in the middle of the worst month of the worst US public health crisis in over a century!
I am sure this is inflated since I dont believe any Liberal studies since all involve politics.

But I read one report that said. For every life a shutdown in the US saves. It causes 30 other deaths in poor countries because of the economic slowdown.
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