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Human lives matter more than profits. Period. Maybe renters need to get armed to protect themselves from eviction. At this point it's a choice between dying slowly and painfully of COVID or a gun battle. What do they have left to lose?
Forget sugar coating this anymore. We're about to see a huge wave of additional deaths when the eviction moratorium ends. Screw capitalism, people gotta live and not die. Survival uber alles.
It's a phony study. It's flawed from the beginning. It claims that "essential workers are being kicked out" of their homes/apartments. Well, if they are "essential workers", then they must be working since there is great demand for essential workers. If they are working, then they should pay their rent.
Further, no data of any kind is provided in the article, nor is there a link to find the bogus data. Quite simply, it's a matter of people who don't want to work, who DO want to draw both local and federal unemployment compensation, and who DON'T want to pay their rent. It's quite simple really.
The poster I was replying to has suggested a moratorium on foreclosures only. I was merely pointing out the landlord has significant other expenses that they have to pay while not collecting rent.
All of the suppliers landlords pay have employees, also. If fewer customers pay, they will , properly reduce expenses by firing staff.
What about real estate taxes, utilities, repairs and maintenance? Are you going to put a moratorium on those things as well?
Utilities can be passed to the tenant and are much less than rent. Repairs and maintenance are much less than a mortgage payment typically. Real estate taxes typically do not lead to tax lien process for at least 2-3 years. The pandemic will long be over before that process would happen.
Utilities can be passed to the tenant and are much less than rent. Repairs and maintenance are much less than a mortgage payment typically. Real estate taxes typically do not lead to tax lien process for at least 2-3 years. The pandemic will long be over before that process would happen.
At which time the tenant will pay the landlord ALL of the back rent for a couple of years so that the LL can pay the bank for 2+ years of missed payments, pay the tax collector for 2+ years of back taxes, and get reimbursement for any repairs and maintenance that was done. Suuuuuurrrrrre that's gonna happen... just as soon as the Tooth Fairy, the Easter Bunny, and Santa Claus are proven to be real. LOL.
The pandemic will long be over before that process would happen.
and no one could pay the tens of thousands in bills that would rack up in 2-3 years.
Its simply multiplication.
The average property tax on a routine 2 apartment/home in my town exceed $6,000. So, if we assume 18% as the interest rate the town would charge, this would be what is owed if unpaid 1/1/2024 (you said 3 years)
2021: $6k * 1.18 * 1.18 or $8,354 (not including current year interest, just future years)
PLUS
2022: $6k * 1.18 or $7,080
2023: $6k
Total taxes due 1/1/2024 after 3 yr moratorium $21,434
Will you be paying cash or credit card for the LLs, ncole1?
Our only income is the rents from our properties. That's what WE buy food with, pay our bills with. My husband still goes to do repairs on the buildings, we still respond to no-heat calls, still fix roofs, replace furnaces, pay utility and tax bills, pay for snow removal. Most of our tenants don't have credit ratings to protect, most don't have the kind of jobs from which we could possibly garnish wages. Our only recourse when a tenant doesn't pay, is to evict.
We've seen HUGE discretionary spending on the part of our tenants who benefited from the stimulus payment and enhanced unemployment. They spent it immediately, from what we could see, on anything but rent. We've been lucky in that we have a good relationship with most of our tenants, and most have kept on paying, but for the few who haven't, we have no recourse.
The eviction moratorium should have ended in the summer, when it had become clear that mask wearing and social distancing while outside the house was the means of controlling the spread of the virus. Meanwhile, because of the eviction moratorium, no landlord will rent a unit that comes open, to anyone with less than perfect qualifications, which means that units are sitting empty, and there is housing market gridlock. When this is all over, the landlords will be left holding the bag for having housed millions of people for free. It's outright theft of property. I hope that landlord organizations are able to successfully sue the state and federal government for confiscation of the use of their property, and get compensation for the full amount of the lost rent.
Our only income is the rents from our properties. That's what WE buy food with, pay our bills with. My husband still goes to do repairs on the buildings, we still respond to no-heat calls, still fix roofs, replace furnaces, pay utility and tax bills, pay for snow removal. Most of our tenants don't have credit ratings to protect, most don't have the kind of jobs from which we could possibly garnish wages. Our only recourse when a tenant doesn't pay, is to evict.
We've seen HUGE discretionary spending on the part of our tenants who benefited from the stimulus payment and enhanced unemployment. They spent it immediately, from what we could see, on anything but rent. We've been lucky in that we have a good relationship with most of our tenants, and most have kept on paying, but for the few who haven't, we have no recourse.
The eviction moratorium should have ended in the summer, when it had become clear that mask wearing and social distancing while outside the house was the means of controlling the spread of the virus. Meanwhile, because of the eviction moratorium, no landlord will rent a unit that comes open, to anyone with less than perfect qualifications, which means that units are sitting empty, and there is housing market gridlock. When this is all over, the landlords will be left holding the bag for having housed millions of people for free. It's outright theft of property. I hope that landlord organizations are able to successfully sue the state and federal government for confiscation of the use of their property, and get compensation for the full amount of the lost rent.
At which time the tenant will pay the landlord ALL of the back rent for a couple of years so that the LL can pay the bank for 2+ years of missed payments, pay the tax collector for 2+ years of back taxes, and get reimbursement for any repairs and maintenance that was done. Suuuuuurrrrrre that's gonna happen... just as soon as the Tooth Fairy, the Easter Bunny, and Santa Claus are proven to be real. LOL.
Exactly. These measures allow people with plenty of income to just not pay rent.
The poster I was replying to has suggested a moratorium on foreclosures only. I was merely pointing out the landlord has significant other expenses that they have to pay while not collecting rent.
Then let's also bail out the landlords rather than kicking renters out in the street and killing them with coronavirus.
Then let's also bail out the landlords rather than kicking renters out in the street and killing them with coronavirus.
How about assistance to people actually suffering income loss due to COVID?
Not like my neighbor, who merely preferred the extra 600/week while that lasted. She could have gotten a new job the entire time, she just didn't want to. She doesn't have a mortgage or rent, but she's in debt to the HOA now because she apparently didn't manage the 600/week well.
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