Posted on 08/05/2021 1:38:14 AM PDT by blueplum
As the homes of millions of renters across the U.S. were threatened this week by the White House's and Congress's refusal to extend the eviction moratorium put in place by the Centers for Disease Control and Prevention, the Democrats' inaction was directly benefiting some of the party's biggest backers in the real estate industry.
As Andrew Perez and Joel Warner reported in The Daily Poster on Tuesday, the chairman of both the real estate brokerage firm Marcus & Millichap and the real estate investment trust Essex Property Trust donated $1 million to the House Majority PAC on June 1, days after the CDC extended the moratorium until late June.
Chairman George Marcus also donated $263,400 that same month to a committee that benefits the Democratic Congressional Campaign Committee (DCCC) and House Speaker Nancy Pelosi's campaign, and contributed at least $6.5 million to PACs that work to elect Democrats to the Senate and House. ...
...In addition to Marcus's financial backing of Democrats, The Daily Posterdetailed a $2.3 million donation from private equity firm The Blackstone Group to the Senate Majority PAC and the bundling of hundreds of thousands of dollars by lobbyists for real estate interests for the Democratic Senatorial Campaign Committee (DSCC)....
(Excerpt) Read more at msn.com ...
Maybe the real plot is to drive landlords into Bankruptcy and then buy up their property cheap.
Reported by Salon or MSN?
Because the renters feel so emboldened anymore and probably feel they can safely leave the property, I would hire “squatters” (family members) to take possession of the property. Trick the renter’s. When the renter’s leave to go to the store or something have family members take over the property. Dems LOVE squatters. (They have “rights” you know). Just hire some family members to “squat” on the property until they renters leave. Give the renters a choice. Get your stuff and leave or start a “court” war. That would cost them money. Something they do not have.
By Salon
Landlords are fighting back - and good for them!.
According to the below CNN story, an ‘emergency application’ was made late last night
“ with Judge Dabney Friedrich, a Trump appointee who sits on the US District Court for the District of Columbia.” “Back in May, Friedrich held that the CDC had exceeded its authority in allowing the previous moratorium, but she agreed to put her ruling on hold pending appeal.”
Law firm Jones Day is representing the landlords
Put yourself in this position as a landlord over 100 apartments. If 10-percent were in the mindset not to pay...with your normal debts very close to the normal optimum income, then you were in a monthly lose-lose situation. The developers could walk in...offer a package that was 10 to 20 percent below the true value, and force a sale.
Their assumption is that on X-day, evictions would occur, new paying tenets would move in, and true value would return. I would question this strategy because you would not want the same stubborn non-paying tenets to move back in. I’d also start to wonder if state Attorney Generals would step in, investigate, and this could drag out into a national issue with the DNC having to explain the whole plan.
Yes. The reset globalists are wiping out private property as called for by the great reset. It continues the elimination of small business class through lock downs and Covid regulations. It is a replay of Stalin’s destruction of the Kulak class. The end result will be a population dependent on government for housing. We all know how that will end up.
I’m still shaking my head that the REPUBLICAN PARTY has stood aside while the CDC just confiscated private property. Does anyone still have faith in them?
But it is far more insidious than that.
Where is this funding and why has it not been given out?
the $47 billion Emergency Rental Assistance program, to date, disbursed only $3 billion — about 7 percent of what was supposed to be a crisis-averting infusion of cash...
...It has also been difficult to gain buy-in from landlords, who are required to fill out complex financial forms and follow strict eligibility rules. Some simply do not want to, especially if they have more informal arrangements with tenants. In addition, many landlords and tenants do not even know the aid program exists.
https://www.nytimes.com/2021/07/31/us/politics/eviction-moratorium-biden-housing-aid.html
Only 600,000 have applied out of 11 million? Between the unemployment boosts and rental assistance there shouldn’t be a crisis at all. Instead people are daunted by the red tape of the government.
Yeah, I saw that mention yesterday of the $47-billion deal. What I would ask...from the 7-percent given out...is this strictly from one or two states?
When they give this number of 8-million non-paying-renters....you never get the state by state story. It wouldn’t shock me if half of the 8-million non-paying-rent folks were from only California, Oregon, and Washington.
This brings me back to the 93-percent of the $47-billion laying there, unspent. What happens to it? Are they just going to ship the ‘loot’ off to Honduras?
This is the war inside the Democratic Party.
The old school Democrats (Pelosi) got rich by playing these games.....talking about extending the moratorium while taking real estate donations to end it.
They would villify the GOP for not wanting to extend it and Pravda would write stories about it.
But now the communists inside the DNC spill the beans.
There has never been a larger house of cards in our Nations history. There will be a reckoning, it will be nasty and rightfully so.
https://www.naco.org/resources/page/covid-19-federal-emergency-rental-assistance-program
The American Rescue Plan Act, enacted on March 11, 2021, provided $21.6 billion for an additional round of the U.S. Treasury Department’s Emergency Rental Assistance Program, which was established in the Consolidated Appropriations Act of 2021. The funding is for state, county and municipal governments with populations of over 200,000 residents to assist families struggling to make rental and utility payments. Counties with populations below 200,000 residents may receive an allocation from their state.
Chart at the link
+1 !!!!!
That’s just it. The funding is there. They just need to apply, but they are not because it is being reported as too complicated for the average person to navigate.
But...it only covers 12 months of rent and may not cover anything longer unless the renter makes arrangements to pay any left over arrears. For many, evictions are looming and inevitable.
I feel bad for the landlords, but they too can apply. But if the renter won’t cooperate, frankly that would be grounds for eviction to start. At least that’s what I would argue in court. Sadly the landlord loses that money either way and that just doesn’t seem fair at all.
I thought it surprising that something this unflattering to Democrats would come from Salon (by way of The Daily Poster, whatever that is).
That is what it is. Big banks and REITs have been determined to not let a planned crisis go to waste.
bttt
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.