Landlords have bills, too. There’s property tax. There’s utilities. There’s maintenance. There’s lawn care.
If landlords go broke and have to sell the property, the tenants will be kicked out.
If you can’t pay your rent, then downsize. It’s the same old story crying because the kids have nothing to eat but the parents are out buying new shoes for themselves.
Don’t make your problem someone else’s.
Yes. I wonder how many of these tenants have premium internet, cable, payments on $60,000 cars, payments on one or two thousand dollar Apple or Samsung phones, eat out every day, Starbucks Coffee, shop for snacks at Whole Foods, maxed out credit cards, etc.
They should develop a taste for bologna or PB&J, and learn to read books from the library. Suck it up and act like an American and not a Eurowimp. Tough it out. It's totally doable, and each day you wake up stronger, and more appreciative of our wonderful country. Even Americans who live modestly are way better off than 90% of the rest of the world.
Waddya bet they still want you to pay the property tax, even though you have no way of collecting rent. And when you don’t have the means to pay they just confiscate it!
Thievery in it’s finest form!
And most have a mortgage on the property as well. Add insurance too.
Landlords have bills, too. There's property tax. There's utilities. There's maintenance. There's lawn care.
"So what. Landlords are rich, they own property, let them carry the costs."
If landlords go broke and have to sell the property, the tenants will be kicked out.
"Well, once again, so what. The rent moratorium has already set the stage. Once you limit the return it's easy to reduce the return to zero. Additionally, the foreclosure process can take years in the US. A squatter complicates the process. If a "tenant" doesn't have to pay rent by government order, what makes you think the government will allow them to be evicted in a foreclosure action?"
If you can't pay your rent, then downsize. It's the same old story crying because the kids have nothing to eat but the parents are out buying new shoes for themselves.
"Okay, you are making too much sense again. You use logic, reason and common sense in your argument. Such rhetorical devices are moot today. "
I have first hand experience with government limiting the return on income property. It's called rent control. There is no market or common sense for rent control, it is based on the simple fact that there are more tenant voters than landlord voters. If you steal the landlord's property, nobody will care much.
The Wuhan (CCP flu) has provided a risk free way for politicians to benefit tenants. THEY DON'T CARE IF LANDLORDS LOSE THEIR PROPERTY. Landlords are collateral damage in the present revolutionary times.
You can name 20 cities that are dying under democrats. And at least a dozen states. My advice, get out. It will be a long time before things get better. It might take a generation.
Sell your real estate in those cities and states while you still can. Take you money and get out.