Posted on 12/01/2020 6:58:06 AM PST by RetiredArmy
Joe, this is happening on your watch! This is your disaster. Thanks, a****le!
That is exactly the point.
The extra $600 a week went to fast food and video games.
Since there was a “moratorium” on evictions, paying your damn rent fell to the bottom of the list.
Of course, I imagine the banks that held the paper did not have a moratorium.
Since the Fed is the largest holder of “mortgage paper” in the world, perhaps they would be willing to miss a few payments for the good of the country.
Oh wait...that would go against their belief in running a good economy.
The lesson is: When you “run” an economy...it gets run into the ground.
Landlords simply will not evict all their tenants. Where will they get someone else to rent the place? The entire class of people that rent to has been impacted, and they will have to do workouts.
Don’t be too sure. Landlords need to cover their costs, and if a tenant is paying nothing, then any paying tenant would be better.
I have little doubt that the fedgov will be able to print additional trillions to kick the can further down the road.
Yep. No thought of tomorrow.
Maybe ‘the plan’ is to hand this off to Biden, and come back in 2024 ... kinda like, “Do you miss me now?”
Hey I have a wild idea. End the lockdown, open the country back up, and let people get back with the life. It won’t solve all the problems but it will help.
How does the CDC have any “authority,” at all? Especially when we are talking about non-COVID evictions?
Maybe those 80,000,000 Biden voters can cough up some dough for them.
If not, maybe Nancy Pelosi can give them some ice cream.
“Landlords simply will not evict all their tenants. Where will they get someone else to rent the place?”
I own a apartent complex and thankfully mine is paid off and I have upscale tenants-none lost their job.
If somone was not paying I would evict them. I would rather the apartment be empty.
I have somone who is moving out spring 2021. I told the wife if covid was bad in 2021 I plan not to rent it or make sure thye have a guaranteed job such as a govt employee
Darn if I will have someone pay the first couple months rent and then cry that they can no longer due to losing their job from another shutdown.
The posture of property owners soon won’t matter as each county will be certain to collect their taxes. The defaults (depending on the rules/laws of the county) will explode in about two years, as properties are confiscated and put to auction. Property values will plummet. Guys like me will start buying and offer break even rent prices (likely still paying into negative cash flow) - while praying things get back on track over time.
"Kimberly" -- a 48-year-old woman, a 'crew trainer' at a pluck shack, hmm, what is wrong with that picture -- could have plucked picked up her missing hours by driving exactly 3 minutes to the next Raising Cane's. They are ubiquitous in Houston, which was their first big metro market after the Baton Rouge startup.
"Vox recently interviewed a 48-year-old Texas resident named "Kimberly", and she says that is exactly where she is headed if she gets evicted...But after Covid-19 hit, she lost hours at her job as a crew trainer at Raising Cane's Chicken Fingers and found herself on the brink of financial collapse. She fell behind on her rent and when she tried to work with her landlord to set up a repayment plan, she told Vox that she was served an eviction notice."
Ah more at Vox:
"I’m angry that people can think so little of human life,” [Kimberly] told Vox.In 2016 — after massive floods in her hometown of Houston, Texas, left her homeless and she was forced to abandon her cat to stay safe — she thought she’d never be in that position again. She got a job, found a place to live, and rescued three dogs she refers to as her “fur babies.”
She's angry that people can think so little of human life, but she "abandoned her cat" in a flood. Yeah, karma is a meow.
Oh please, stop it with the fear mongering..this is a push for more taxpayer money sent out into the country, i.e. stimulus money
Many wanted not to work and used COVID as an excuse. Kick them out. I didn’t see them protesting to get their jobs back. No lawsuits against dictator governors.
That is exactly right. They are easier to control that way.
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