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Looks like foreclosures are covered in new extension, so they're off table until middle of January 2022 as well.
State will lean on utilities to extend on their shut off bans until a month or so later as well.
This is never going to end. Socialist democrats are in their glory, this is their jam. Free money, no one pays for anything, property owners and banks get screwed... off it is catnip.
I wonder what would happen if the govt ran the food stamp SNAP program like this? When people can't afford their groceries they can just take them and maybe the stores will get partially reimbursed after 18 months or two years. Or maybe not. I guarantee we'd have a lot less grocery stores as a result.
It may feel good to some people to stick it to the landlords right now, but in the long term, we're going to have less units on the market as landlords decide it's not worth the risk or maybe can't even get the loan if they need rental income to buy a multifamily. Why would a buyer who doesn't need rental income to pay their bills become a live-in landlord in the first place?
Of course reducing the supply of available units will raise prices unless there's a corresponding reduction in demand for housing.
I'm 100% with Airborne on this one. If the govt wants to solve the homelessness problem and pay people's rent, they should find the money to do it. This burden shouldn't exclusively fall on landlords just as the burden to provide food for the poor doesn't fall exclusively on grocery stores.
Good example right there. I hadn't thought of that one. The thing with landlords is that government knows it has them by the balls. Unless they have the guts to burn the place down like back in the 70's, what can they do? Restaurants and other stores can just close. A landlord can't sell a building with non-paying tenants firmly ensconced with the threat of government force backing them.
Trump, Pelosi, Schumer and McConnell let the virus fly right in via Milan Air, Air China and United Airlines.
If the States didn't want to pay for the fallout they should have pressured the Fed to enact travel bans more quickly. The Fed chose to stall and the Fed also chose not to activate Defense production acts.
Lambda is still walking in across the border, Republicans in border states are hee hawing but taking zero action.
I'm 100% with Airborne on this one. If the govt wants to solve the homelessness problem and pay people's rent, they should find the money to do it. This burden shouldn't exclusively fall on landlords just as the burden to provide food for the poor doesn't fall exclusively on grocery stores.
The money is available it simply hasn't been mobilized to the LLs who need it.
Many people still haven’t received any stimulus or tax return yet.
Jeromey boy has his finger on the money printer but only wall street is receiving anything.
Joe Blow has his hand out and just feels a fresh breeze from the Hurricanes and laughter in the distance....
I dont see anybody in the lottery forum talking about not paying rent
How come
Because they're terrified of being evicted and don't really believe that a "moratorium" is going to prevent that if they stop paying rent.
I live in an LIHTC. Don't know how that compares to lottery apartments, but people in my building were evicted this summer. I saw the notices on the doors.
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