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Old 07-26-2020, 10:41 AM
 
1,722 posts, read 1,328,456 times
Reputation: 2608

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https://www.cnbc.com/2020/07/26/kudl...oratorium.html

This is getting insane. In NJ unemployed people are getting over $5,000 in unemployment, why exactly can't they pay their rent?

So you don't pay rent, and sure I can put my mortgage in forbearance but I still have insurance and taxes, plus I'm not getting anything to cover capital expenditures, damages, etc. This just seems insanely unjust.
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Old 07-26-2020, 02:31 PM
 
Location: Long Island, NY
1,889 posts, read 2,286,802 times
Reputation: 2510
The CARES act moratorium only applies to federal subsidized housing. Your state has separate moratoriums laws for all other housing.
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Old 07-27-2020, 06:20 PM
 
5,908 posts, read 5,461,497 times
Reputation: 18053
It's nationalization of landlords' property. In fact, it's worse than that, because there's no compensation, and ALL of your duties as a landlord are still your responsiblity.
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Old 07-28-2020, 08:19 AM
 
Location: New Jersey
118 posts, read 48,939 times
Reputation: 328
Quote:
Originally Posted by ericp501 View Post
https://www.cnbc.com/2020/07/26/kudl...oratorium.html

This is getting insane. In NJ unemployed people are getting over $5,000 in unemployment, why exactly can't they pay their rent?

So you don't pay rent, and sure I can put my mortgage in forbearance but I still have insurance and taxes, plus I'm not getting anything to cover capital expenditures, damages, etc. This just seems insanely unjust.
This is BEYOND ridiculous!! My tenants arent paying but have enough money for new cars :-) How about THAT!
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Old 07-28-2020, 07:52 PM
 
5,908 posts, read 5,461,497 times
Reputation: 18053
By my calculations, many households have received more than 30K over the past three months, with no obligation to pay rent or utilities. Bring on the new cars! After all, there's just only so much you can spend on drugs and alcohol.
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Old 07-29-2020, 06:31 AM
 
Location: New Jersey
118 posts, read 48,939 times
Reputation: 328
Quote:
Originally Posted by parentologist View Post
By my calculations, many households have received more than 30K over the past three months, with no obligation to pay rent or utilities. Bring on the new cars! After all, there's just only so much you can spend on drugs and alcohol.
absolute **** SHOW!
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Old 07-29-2020, 12:24 PM
 
Location: Sacramento County
156 posts, read 69,812 times
Reputation: 311
Quote:
Originally Posted by ericp501 View Post
https://www.cnbc.com/2020/07/26/kudl...oratorium.html

This is getting insane. In NJ unemployed people are getting over $5,000 in unemployment, why exactly can't they pay their rent?

So you don't pay rent, and sure I can put my mortgage in forbearance but I still have insurance and taxes, plus I'm not getting anything to cover capital expenditures, damages, etc. This just seems insanely unjust.
Landlords should be able to claim benefits due to hardship as well. Let's push to make that a part of the deal.
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Old 07-31-2020, 12:11 AM
 
Location: Formerly Pleasanton Ca, now in Marietta Ga
8,525 posts, read 6,010,722 times
Reputation: 12401
Quote:
Originally Posted by parentologist View Post
By my calculations, many households have received more than 30K over the past three months, with no obligation to pay rent or utilities. Bring on the new cars! After all, there's just only so much you can spend on drugs and alcohol.
My friends wife is making double her pay with unemployment. Mind you they pay all their bills, but you can see where there is little motivation to work.
The chickens will come home to roost when evictions start again. It is starting in some areas. I just evicted a tenant who was way behind on rent. Made multiple arrangements to help them get caught up and they didn’t fulfill their end and stopped communicating. Sheriff removed them last week. So far the bill to get the place back together is 8500. Broken doors, windows, holes in walls, etc.
Not sure how they will rent with an eviction on record.
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Old 07-31-2020, 12:20 AM
 
11,575 posts, read 16,623,209 times
Reputation: 17508
Just a reminder, PAU's $600 extra per week in their unemployment check ENDED with the claim week of July 26th, so they won't be seeing that come next payment. Many of those tenants who were able to make payments with that extra money could possibly be next month's new crop of deadbeats.
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Old 07-31-2020, 07:43 AM
 
12,018 posts, read 10,376,357 times
Reputation: 13420
The laziest people are those who buy properties and have other people pay for it, the crazies are the ones who can't afford their investment.
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