Forget 1 October - New CDC Ban Stops Evictions Until December 31st.

[canovas]

Originally Posted by BugsyPal

Just when you thought there was light at end of tunnel, here comes more good news for those who won't pay rent.

https://www.nytimes.com/reuters/2020...a-renters.html

If anyone still wants to own rental property after this is all said and done will prove amazing.

People effectively have lived nearly one year or longer in NYC without paying rent, and cannot be touched. Nice work if you can get it.....

Yep, but I am not surprised...and not surprised also that Trump has no respect either for property rights. Property rights in this country are a joke. If, after knowing this, someone still wants to be a landlord in NYC, they are just absolutely stupid. I learned my lesson long ago -- never ever ever rent to strangers in NYC and I'm afraid in all the USA now. Landlords will have to get smart about this (as they are in Southern European countries where deadbeats abound but so do crafty middle class people who would never be tricked into such a situation).

If you are forced to be a LL, make sure you make the tenant get solid guarantors if you do not know them. Also, if possible, shut down the electric if you own a home and the electricity is under your name. Do not offer the tenant a kitchen and if you do not live in the building/house, cut all the wires that would allow wifi/internet access. Make the life of the tenant absolute hell within legal means.

[2sleepy]

Originally Posted by Emm0011

Also helps progressives who want to buy buildings for cheap and turn them into housing for the homeless

That's the strangest thing I've read in a long time. Who are these "progressives" who want to see small scale landlords lose their property so that they can supposedly buy the buildings for cheap for the homeless?

A more progressive approach would be to try to protect the landlord and the tenant and utilize HUD rapid rehousing vouchers, they are temporary (short term) section 8 vouchers that reimburse the landlord for their rent and provide reduced rent to the tenant for a period of 6-12 months.

[DreamerD]

Originally Posted by 2sleepy

That's the strangest thing I've read in a long time. Who are these "progressives" who want to see small scale landlords lose their property so that they can supposedly buy the buildings for cheap for the homeless?

A more progressive approach would be to try to protect the landlord and the tenant and utilize HUD rapid rehousing vouchers, they are temporary (short term) section 8 vouchers that reimburse the landlord for their rent and provide reduced rent to the tenant for a period of 6-12 months.

Exactly. People are just making stuff up.

[BugsyPal]

This is going to end in tears for a whole lot of people.

Landlords likely will see pennies on dollar for missed back rent, if they get anything at all from deadbeat tenants.

Non-paying tenants are going to be hit with civil lawsuits for back rent which likely become judgments and liens. After that no one will go near them again for housing aside from NYCHA or those "affordable/low income" lottery units where city forces landlords to overlook prior shortcomings.

Overall these actions will likely hasten landlords both large and small running for exits. Those with deep pockets will come in and buy; leading to a greater concentration of rental housing owned by few.

OTOH in areas where much of this housing was in 1-3 family homes; developers will buy properties with an eye to tearing down/redeveloping into single family housing period.