Commies have always hated landlords, lumped them in with all their other “enemies of the state.”
...and here come the Chinese investors. Right on schedule.
So, how many rent-hating commies are there in the CDC?
He could always claim that there is a public health hazard in the apartment and get the tenant out that way. I'm sure the CDC, of all places, would understand.
UN Agenda 21 / 2030 ( Let me know if you wish to be added or removed from the list.)
The smartest small landlord I know has avoided this problem because he never rents directly to tenants. Instead, he signs rental contract with a couple of major employers in his area and rents to them as long-term executive housing.
I suspect that the entire purpose of the eviction ban was to eventually force the landlords to sell their property at below market value to get out from the debt created by no income coming while having to still pay the mortgage, taxes, and maintenance.
I see something similar in California’s central valley where the government restricts water and increases regulations making farming unprofitable.
Our government has become money making business for the elite.
> The one-month extension of the Centers for Disease Control and Prevention’s eviction moratorium... <
I don’t get it. Since when does the CDC - or even the president - have the power to do that? It would seem to me that only the Congress should have that power. Is this another case of Congress delegating away its authority, in this instance to the CDC?
The CDC does not have the constitutional power to order a rent moratorium. Just as with the stolen 2020 election, the lack of timely action by the courts is fatal to the rule of law in the USA.
So the real beneficiaries are the *big* landlords, who will absorb the hit and be rid of their less prosperous competition.
This is where you want to be at the extreme - very low quality renters on Section 8 where the government pays - or the higher end of renters where they are still paying. One of my tenants has been modestly behind on rent since the pandemic hit but they continued to make payments and generally are only 1-2 weeks behind. My other tenants are all on time and have been throughout. I agree with everything in this article though - the government is basically confiscating property without reimbursement and making the hoops to get reimbursement nearly impossible - especially if the tenant doesn’t play ball.
Yet, the weekend vacation rentals here are booming and booked through Labor Day. Upwards of $1400/night.
Why pay your regular house rent and utilities if you don’t have to? Use your stimulus checks for vacations. Then claim your kids are starving.
All according to plan.
Where the hell does CDC get the power to meddle in such detailed and private economic affairs?
we’re trying to sell our property right now! Our tenant may buy it so he won’t have to move.
The war on the bourgeoisie, the middle class, is a Marxist tradition. The lockdown targeting of small businesses simply could not have been incidental. Stalin killed the kulaks and Mao murdered landowners, and the body count approached hundreds of millions. For the left, it’s an acceptable price.
“What there is going to be a tsunami of is a loss of naturally occurring, affordable housing, because small landlords are going to sell their properties,” said Hunter.
—
...and that is why FedGov is holding onto the moratorium; to destroy small landlords. Large landlords, who have no doubt contributed to the “right politicians”, can then pickup the rental properties at distressed prices.
Small biz, small landlords...
Looks like enemy action to me.
Just when you think (as I did) you’ve heard all possible horror stories about rentals, along comes a pandemic and a dystopian govt decree against evictions.
I invest in real estate; started learning from listening to my folks, before they even noticed I was paying attention. Once they noticed they soon warned me against renting to residential tenants. And with just one exception carefully selected, I have heeded the warning.
Meanwhile, several acquaintances of mine didn’t get the warning anywhere. In the past year they’ve been utterly ruined. They bought multiple-unit buildings, cheap; renovated; stocked them with tenants; and then covid.
As a general rule of thumb, you should drive like every other driver out there is dangerous, drunk, mean, texting, or insane; IOW drive defensively; and likewise you should be wary of tenants. They’re not all bad, but don’t put your life in their hands.
Commercial rents are safer by far. No pay no stay.
Or buy single-family properties and use a contract for deed — not a rent-to-own. They can move in with a fat deposit but they are buyers, not tenants. They pay regularly, and the longer they pay the more they have to lose if they don’t pay. And if they don’t, there’s no foreclosure proceedings because you still have the deed.
While no one could have foreseen the moratorium, conventional renting was already an extreme sport.
There’s no excuse at this point. The fear was everybody would be locked down and there’d be no jobs. That doesn’t meet reality. There’s loads of available jobs.
This is now a clear cut violation of the rights of landlords.