Coronavirus - Pittsburgh news (claims, company, stats, financial)

[prnlvsxy]

Originally Posted by Independentthinking83

One would think that banks, utilities, etc. everything else you can think of would be paused. Especially since the entire country is in a state of Emergency. Other than going to the store and paying for essentials. One would think things would pause until this ends. You would just pickup where the situation paused. Like the period of time in the pause didn’t happen.

This was really out everyone’s control. Most would work if they could. Plus we don’t know how long this will be.

I think it’s going to be uneven and many different outcomes. If a group of states has this under control do they still operate like everyone else? Places like Texas and Mississippi still are doing their own thing and not stopping like everyone else. What if it gets worse down there?

This will end pretty quickly if this old malaria drug mixed with an antibiotic does the trick.

The Federal leadership really blew it. Disbanding and defunding the NSC. What a huge mistake. Thankfully most state governors appeared ready, even WV closing everything with two cases. Governors are doing the best they can. I criticized wolf and pa, but I still think they are doing a much better job than the president and Feds. I wish wolf would’ve pulled the trigger a bit sooner on his own when eastern pa was becoming a hotbed.

I was listening to Public Radio and they were talking to somebody who was reporting on a campaign dinner for Richard Burr, senator from NC. The senator told this group that a pandemic was going to hit us hard. This was a week or two before the state we are in now. Somebody in the room panicked and began recording his statements. People are wondering why that group was getting an accurate assessment while the rest of America was getting a watered down version by the president and others.

https://www.cnn.com/2020/03/19/polit...nts/index.html

He then sold off 1.2 M in stocks, along with some other senator on the committee. These people need to be prosecuted, it's criminal.

[szug-bot]

Originally Posted by prnlvsxy

He then sold off 1.2 M in stocks, along with some other senator on the committee. These people need to be prosecuted, it's criminal.

why is this criminal? sounds like he spoke publicly about this, sharing the knowledge.

[szug-bot]

Originally Posted by gladhands

A lot of landlords are just regular people with investment properties that they’re still paying mortgages on.

that is not definitive. i stated there is no way i can know for sure. so do have stats that "a lot" are just regular people?

we are ALL regular people, some just more financially successful than others.

what i am saying is that might be a small bullet to bite to prevent some people from getting into arrears and a hole of financial distress, especially in the more lower wage restaurant and services industries.

[prnlvsxy]

Originally Posted by szug-bot

why is this criminal? sounds like he spoke publicly about this, sharing the knowledge.

Congress passed the Stock Act in 2012 that made it illegal for lawmakers to use inside information for financial benefit. Burr was one of three senators to vote against the bill.

Also, this is non-partisan. All of these people should be prosecuted and thrown in jail.

Sen. Richard Burr (R-NC)
Sen. Kelly Loeffler (R-GA)
Sen. Jim Inhofe (R-AK)
Sen. Dianne Feinstein (D-CA)

[gladhands]

Originally Posted by prnlvsxy

Congress passed the Stock Act in 2012 that made it illegal for lawmakers to use inside information for financial benefit. Burr was one of three senators to vote against the bill.

Also, this is non-partisan. All of these people should be prosecuted and thrown in jail.

Sen. Richard Burr (R-NC)
Sen. Kelly Loeffler (R-GA)
Sen. Jim Inhofe (R-AK)
Sen. Dianne Feinstein (D-CA)

Feinstein’s (husband’s) transaction seems incidental, and in fact runs counter to someone acting on insider information. He sold a biotech stock at a one year low. That said, I really don’t care. Throw them all in jail.

[erieguy]

Originally Posted by szug-bot

that is not definitive. i stated there is no way i can know for sure. so do have stats that "a lot" are just regular people?

we are ALL regular people, some just more financially successful than others.

what i am saying is that might be a small bullet to bite to prevent some people from getting into arrears and a hole of financial distress, especially in the more lower wage restaurant and services industries.

How much should they discount, and do you have stats that all landlords can afford to do this, or are you assuming because they’re landlords they have enough money on hand to do this until the virus subsides and things get back to normal?

[tyovan4]

Originally Posted by szug-bot

there should be discussion about landlords - giving tenants affected a break on rent, for the next 2 payments.

if a landlord were to do just this, maybe there are adjustments to next year's income tax s/he can take advantage of.

there is no way for ME to know, but i just bet most can certainly afford this loss of income.

Originally Posted by gladhands

A lot of landlords are just regular people with investment properties that they’re still paying mortgages on.

Extraordinary times when gladhands and I are in complete agreement!

Many landlords are still paying for their investment properties, or are also relying on their rental income to help with paying the mortgage for their own properties.
Furthermore, landlords still have the legal duty to ensure that their properties are safe for their tenants - plumbers, roofers, electricians, etc aren't cheap...

[Flamingo13]

Originally Posted by Kippy

This is by far the best tracker I have come across:

https://coronavirus.1point3acres.com/en

If you click on a state in the list, it will break down cases by county.

You can click on each case to get a summary of the case and a link to the source.

Thank you - you should post this in the relevant thread in the Health forum since it covers every state.

[jea6321]

Originally Posted by szug-bot

that is not definitive. i stated there is no way i can know for sure. so do have stats that "a lot" are just regular people?

we are ALL regular people, some just more financially successful than others.

what i am saying is that might be a small bullet to bite to prevent some people from getting into arrears and a hole of financial distress, especially in the more lower wage restaurant and services industries.

as a landlord, and someone that regularly works as an agent for landlords. a lot of people won't be able to miss 3-4 months income from their tenants without going into default. I know I wouldn't be able. Perhaps if my personal income was going to remain steady I might be able to struggle to get by, but thats definitely not the case.

so if renters get a discount or waiver, is it also fair to say that anyone providing housing to others gets a waiver or discount from the bank holding the note on their rented out property? where does the buck stop? A tax cut or loss in April 2021 isn't going to help me make my payments over the next 12 months.

A lot of landlords are in the business of building wealth for retirement, not for the short term cash from rental payments. Most rental properties are barely cashflow positive until a few years of ownership or until renovations or updates have been done. During vacancy or in this scenario of free living, repairs still come up, water is still being used ( and more since everyone is at home all day), taxes still are due, and wear and tear continues while not getting paid. Approximately half of the rental units in America are owned by small time landlords https://www.huduser.gov/portal/pdred...ec-061118.html

I feel for people that lose their income( I know ill struggle with probably no or little income for the next few months) and personally will try to work out an arrangement with tenants should an issue come up with their finances, but to just paint a blanket statement that landlords should suck it up and bite the bullet is uninformed on how the business works. Youre saying you don't want people to go into arrears or a financial hole, but are ok with the people providing housing doing that exact thing.

[sealie]

Originally Posted by szug-bot

why is this criminal? sounds like he spoke publicly about this, sharing the knowledge.

He spoke to a small (elite?) group of businessmen, admitting to them that there was a risk, but not revealing this information to the general public.