They need help too. Something that would have happened if the HEROES Act had been passed last May.
Eviction Moratorium Ruled Unconstitutional
- Thread starter IowaHawkeyeFBnBB4Life
- Start date
They need help too. Something that would have happened if the HEROES Act had been passed last May.
You guys do realize that most of the people that are going to be thrust into homelessness have kids, correct? Good luck going to school online when they don’t have a home. Besides, I thought we didn’t like activist judges?
Some of the oldest bullshit in the book. "Be Better", as one of the bullshit cons around here likes to say. There are very few people who "choose" to live off of "welfare" or whatever you want to call it. Mainly because you can't really live off it and if you're anywhere close to an able-bodied adult you can't qualify for it.
There are a large percentage of people who work (and it's getting worse with the "gig" and "you'll work when you're needed" economy) and qualify for public aid.
Next you're probably gonna regale me with some Reagan era welfare queen stories.
Again, JFC, this bullshit. I thought you were actually better than this. Some of the oldest bullshit conservative myths out there.
OK after reading some of your other posts we probably are on the same page. There's more jobs out there then people realize. Your job doesn't sound like something people will do for the long haul. Like the places I mentioned. But short to medium term probably not a bad gig for $17.
The odds are pretty good you don't know a single person who makes their living without working the way you're claiming.
Oh, I know you suspect a lot of the random people you see when you "get out".
I love the way landlords still had to pay property taxes on the properties they couldn’t collect rent on. The government still wants its share even when denying owners any income.
Why should the landlord bear the burden? Maybe the government should cover the rents and spread the cost to all of us through taxes?
That guys wife should have divorced him for being an idiot a long time ago. You don’t buy rental properties if you can’t afford them without tenants paying rent.
The govt is basically paying landlords by giving it stimulus checks. But instead of paying their landlords for a roof over their heads, they are going to buy that 75” TV they wanted.
The govt is covering rent by giving stimulus money. It’s a personal decision what renters/home owners do with it.
Exactly. It’s not like it’s a super tough job going on there.
If you want a $60K job (quote unquote, living wage) either pay your dues and work your way up like regular middle management people do, or go to college and get a degree in something other than underwater basket weaving.
A
anon_01irjibf16qqj
Guest
You don't buy rental properties unless your vacancy rate is zero? What kind of nonsense is this? If that were the case commercial real estate loans wouldn't exist.
I’m not talking commercial real estate. Commercial real estate is usually run by a company with salaried positions. I’m talking a rental home or two. That’s what I gathered was the case from the comment I quoted.
See the other thread jacking Costco off for raising their minimum wage to $16. If it great that Costco is paying $16, it should be awesome he is paying $17.
Ok.
When I have to ‘splain it, it loses something...
A
anon_01irjibf16qqj
Guest
When I have to ‘splain it, it loses something...
No one knows what you're talking about.
Both commercial and small private owners have the same problem - there are expenses to pay for taking the risk of an investment.
I gather nobody should take a risk to improve themselves then right?
You are putting waaaaaayyyyy too much thought into this. A wife isn’t going to divorce her husband because his management company is going to struggle for a bit.
But a guy who buys one or two rental homes as a side, should not do so unless they can go a long period of time without receiving rent. That’s called knowing the risk that he took. If he is going bankrupt because he can’t get rent for 6 months, he is an idiot that took too big of a risk.
You're not an idiot for taking measurable or calculated risks. If you own rental properties, you bake in a certain amount of vacancy as part of your business plan. Having the government stick it up your rear into perpetuity without any ability to counteract isn't foreseeable or measurable.
Going a long period of time without getting rent isn’t foreseeable? I didn’t say taking risks makes you an idiot. But counting on rent to make mortgage payments on rental houses that are going to bankrupt you if you go a year or more without collecting makes you an idiot.
If your stress test vacancy rate is 0% you’ve got some pretty big issues. I don’t know any lenders who would underwrite that.
True. ^^ If that is the way to solve this problem, why did we not also allow people to go into a store, any store, and take what they needed and then not pay for it? Why put the landlords in such a place and not every other provider of a good or service?
That's ludicrous. ^^ Should one open a store and provide goods for free? Should one perform a service for another and be obligated by the govt to do so for free? Wow.
That's correct. If you were in the business of owning rental properties, you would understand this current moratorium is not foreseeable. Rental properties do not sit vacant for long periods of time unless they are virtually uninhabitable. If you take a doomsday approach to investing, you wouldn't do anything outside of cashing your paycheck. You aren't a risk taker, I get it.
No, no it isn't. There was a signed agreement, a lease, that defined the transaction and effectively also defined the risk associated with it. Then...the govt stepped in and overrode the lease agreement, thereby radically changing the risk/reward equation.
It will be interesting when landlords start suing the government on this issue.
Nope. There aren’t always going to be tenants. Therefore, there aren’t always going to be rent checks. That’s the risk. You aren’t always going to be able to fill the house as soon as a tenant leaves. That’s the risk. Bottom line, it’s a risk if you buy a property you can’t afford for yourself.
