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Started By
Message
re: The CDC now has legal power in the Chocolate City
Posted on 9/3/20 at 7:19 pm to SloaneRanger
Posted on 9/3/20 at 7:19 pm to SloaneRanger
It ends in December. An appeal would take years
0
Posted on 9/3/20 at 7:31 pm to yatesdog38
quote:
Yes it is a risk. There is always governmental risk in regards to real estate. Sorry you didn't have the foresight to see this.
- You make smart financial decisions to afford investment in real estate.
- You buy properties, rent them
- Government closes businesses, forcing tenets into dire financial condition
- Government gives tenets unemployment benefits and stimulus that equates to roughly $75k/ year before taxes (A piece)
- Government tells tenets they don’t have to pay rent, taking away your income.
- Government forbids you from evicting tenets from your property for non payment removing your ability to mitigate your loss in income
- You got no stimulus or benefits because you made too much money
- There is no plan to make you whole, provide you with restitution to collect back rent
This isn’t “risk”. It’s robbery.
Posted on 9/3/20 at 8:15 pm to elprez00
Dead on
Have an upvote
The funny thing is...the fricking banks don't want all these damn properties on their balance sheets ... so who knows where this leads in a few months
Have an upvote
The funny thing is...the fricking banks don't want all these damn properties on their balance sheets ... so who knows where this leads in a few months
Posted on 9/4/20 at 2:02 am to arseinclarse
quote:It’s already taxed.
bitching when the unemployed who received the federal benefits receive a tax bill
Posted on 9/4/20 at 2:05 am to arseinclarse
quote:Federal unemployment is $270 a week as it’s taxed. Not sure what morons aren’t having taxes taken out.
unemployed who received the federal benefits receive a tax bill.
Posted on 9/4/20 at 2:18 am to yatesdog38
(no message)
This post was edited on 1/11/21 at 12:07 am
Posted on 9/4/20 at 2:21 am to elprez00
quote:
You make smart financial decisions to afford investment in real estate.
- You buy properties, rent them
- Government closes businesses, forcing tenets into dire financial condition
- Government gives tenets unemployment benefits and stimulus that equates to roughly $75k/ year before taxes (A piece)
- Government tells tenets they don’t have to pay rent, taking away your income.
- Government forbids you from evicting tenets from your property for non payment removing your ability to mitigate your loss in income
- You got no stimulus or benefits because you made too much money
- There is no plan to make you whole, provide you with restitution to collect back rent
This isn’t “risk”. It’s robbery.
They cant live there if you burn that shite down. Maybe someone could take care of that for a nominal fee?
Posted on 9/4/20 at 7:08 am to Shankopotomus
quote:
The funny thing is...the fricking banks don't want all these damn properties on their balance sheets ... so who knows where this leads in a few months
I’ve asked from the start “What’s the end game?”
You can’t expect lenders to eat a years worth of mortgage payments. You cant modify 20% (or whatever the number is up to now) of all mortgages, because that’s still denying the years worth of income. So what’s the end game? Are we going to forgive the debt and give the lenders a stimulus?
So what about all of us folks that have continued to pay their bills? I guess we should just get fricked, right?
This post was edited on 9/4/20 at 7:09 am
Posted on 9/4/20 at 8:16 am to elprez00
quote:
So what about all of us folks that have continued to pay their bills? I guess we should just get fricked, right?
Posted on 9/4/20 at 8:27 am to elprez00
"always a govt risk". when you rent your property through a broker, you're liable to be forced to take on a welfare renter. The federal govt requires that you open your house to who ever because of discrimination . a subsidized renter is very likely to leave with the house a wreck to be rebuilt by the owner.
this is not a new requirement. renting houses is about the worst investment possible
Posted on 9/4/20 at 8:37 am to TigerOnTheMountain
quote:Say it again.
They want to force foreclosure so then government can purchase the properties from banks. This is step one in their plan to bring section 8 to your neighborhood.
Posted on 9/4/20 at 9:30 am to tigergirl10
quote:
not sure what morons aren’t having taxes taken out.
Posted on 9/4/20 at 9:46 am to arseinclarse
I thought this was a federal order, not just in New Orleans.
Posted on 9/4/20 at 9:53 am to arseinclarse
So glad I moved to the North-shore in May.
I was already tired of Nola's bullshite but what a great time to GTFO of that shithole.
I was already tired of Nola's bullshite but what a great time to GTFO of that shithole.
Posted on 9/4/20 at 9:54 am to yatesdog38
quote:
This is the risk you take as a landlord.
And when your shite breaks, like your ac, don't expect it to be fixed. You can't mandate that people with loss of income don't have to pay rent and then mandate that the landlord still has to maintain after loss of income.
Posted on 9/4/20 at 11:31 am to Steadyhands
How does the CDC have the authority to do this?
Posted on 9/4/20 at 11:38 am to arseinclarse
quote:
income of less than $99,000
Whenever I see numbers in that neighborhood attached to program cutoffs, it really makes me think we're very close to the end game of democracy, in which 50.00001% of the people vote to take everything away from the other 49.99999%
We're not talking about screwing the wealthy here. $99,000 per year is really just a nice, middle-class wage.
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