Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Why on earth do you think the government is giving renters a break, because they have no where else to go.
Communities are suppose to help one another, not throw others out into the cold for a quick buck.
The landlord doesn't live with tenant, just because they have documents claiming ownership doesn't mean they are sharing the same roof.
People need help, at no cost to anyone. Letting them live in a place you don't currently occupy to save them from the cold (IN WINTER) is basic human decency.
Or have conservatives learned that destroying each other is the only way to live? You are not a conservative.
Mr and Mrs bought a 3 flat and live in one unit while leasing the other two units. Mr and Mrs have a mortgage for 75% of the property’s value. They also have an ongoing obligation to pay property taxes , insurance and common utilities. Mr and Mrs depend on rental income to pay their mortgage, property taxes, insurance and utilities.
There are potentially serious consequences if Mr and Mrs don’t make their mortgage payment, pay their property taxes and common utility bills. Local/ county governments typically sell tax liens on properties with unpaid taxes. The buyer of the lien pays the back taxes in exchange for the opportunity to foreclose on it at some future date or be paid back plus interest, say 18%.
What happens if most people suddenly failed to pay their property taxes? The municipality cannot service its debt, operate schools, pay teachers, police firefighters or their pensions.
When the federal government steps in to do what the so called community and private sector will not, the opportunities for fraud explodes.
The US has about 4 % of the world’s population and most of its challenges are first world in nature.
You need to go back in time.
Back then, you had everyone with cheesy grins when the "markets were on fire" and money, not party mattered.
The 90s right up until the 2008 crash had a lot of those kinds of people selling the country out to China, welcoming cheap labor over the border and selling off mom and pops so their portfolio could grow.
There are a few other forums I go to that were full of Republicans, and go back 20 years and they were all for the sell out of this country if it made them money.
I had many people tell me, if someone anywhere else in the world can do your job cheaper, then you are being overpaid. That was the mentality back then and still is today with some.
The welfare of our Country and Nation means nothing to these people.
All that matters is will you help them grow their portfolio?
I tend to follow the money more than party.
Following the party is a distraction.
You can never go wrong following the money though since both parties are beholden to big money and big corporations.
None of that makes me, the person actually warning about Big Business monopolizing the rental property market as a result of the rent/eviction moratoriums, a capital apologist, so what's the point of your post?
Landlording done right would be the landlord works a regular job or two jobs and lives in the building they are renting. Any money in excess of expenses should be put into an interest earning trust account used for reinvestment into the building. At the end of each year, any money not used or not earmarked for a capital improvement should be refunded to the tenants. A government body should oversee every landlords profit and loss statement so that no landlord can get rich off of their tenants.
Well then, why not cut out the middleman? In some alternative universe, a Government could take all private property and give everyone equal square footage, per occupant.
Why stop there? Government could take over the means of all production, too.
No bad business. Landlords had no reason to assume their rights under the law would be pulled out from under them. The government is violating the constitution. There is no way to plan for that.
Exactly. That's the gist of it. The rent/eviction moratoriums are a violation of the 5th Amendment's Takings Clause: Nor shall private property be taken for public use, without just compensation.
Mr and Mrs bought a 3 flat and live in one unit while leasing the other two units. Mr and Mrs have a mortgage for 75% of the property’s value. They also have an ongoing obligation to pay property taxes , insurance and common utilities. Mr and Mrs depend on rental income to pay their mortgage, property taxes, insurance and utilities.
There are potentially serious consequences if Mr and Mrs don’t make their mortgage payment, pay their property taxes and common utility bills. Local/ county governments typically sell tax liens on properties with unpaid taxes. The buyer of the lien pays the back taxes in exchange for the opportunity to foreclose on it at some future date or be paid back plus interest, say 18%.
What happens if most people suddenly failed to pay their property taxes? The municipality cannot service its debt, operate schools, pay teachers, police firefighters or their pensions.
When the federal government steps in to do what the so called community and private sector will not, the opportunities for fraud explodes.
The US has about 4 % of the world’s population and most of its challenges are first world in nature.
Excellent post! There are indeed serious consequences. Too many people can't think it through and realize that.
So, what happens then with all the insurance premiums this person has paid over the years? Does the insurance company just get to keep it free and clear? LOL
Depends.
Fire departments are responsible for determining the cause of fires.
While it might rule the fire was intentional, is not the same thing as proving who set the fire. If/ when it is proven the owner or its agent set the fire, it’s arson, a serious crime and excluded from being covered by insurance.
In absence of proving the owner or its agent did it, fires are typically determined to be accidental or vandalism, both of which are insurable risks.
Tenant occupants are often responsible for accidental fires, cooking, candles and cigs are often root causes. The way most upholstered furniture is made, regardless of where made, it is highly combustible.
Unidentifiable guy telling the sensational NY Post, he may have heard gas cans..... may or may not be credible.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
