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Started By
Message
UK to implement 3 month mortgage/rent holiday
Posted on 3/18/20 at 9:15 am
Posted on 3/18/20 at 9:15 am
very likely to happen here
don't forget to turn off your auto pay
don't forget to turn off your auto pay
23
Posted on 3/18/20 at 9:17 am to dcbl
This should do wonders for the stock market
Posted on 3/18/20 at 9:18 am to dcbl
quote:
UK to implement 3 month mortgage/rent holiday
So, they are putting more people out of work? This is the problem when making things "free". Someone has to pay for that shite. It's not just "hey, fedgov said i don't have to pay rent, sweet!" and thats the end of it. What about those that rent out homes, or are in real estate? They make a living off of that. Are they just shite out of luck for picking the wrong industry at the wrong time?
Posted on 3/18/20 at 9:18 am to dcbl
quote:
very likely to happen here
Yeah, I don't imagine the government telling private owners that they cannot charge rent will go over well... Of course there are those that believe "housing is a right"...
Posted on 3/18/20 at 9:18 am to dcbl
quote:
very likely to happen here
Hmmm, do you really think so? I’m not banking (!!) on this.
Edit: just saw this is mortgage AND rent. Eff that.
This post was edited on 3/18/20 at 9:21 am
Posted on 3/18/20 at 9:19 am to dcbl
Would be kind of surprising but at this point, half of what has been done has surprised me.
Posted on 3/18/20 at 9:20 am to dcbl
If only people took the personal responsibility of building emergency funds for situations like this.
fricking nanny state.
fricking nanny state.
Posted on 3/18/20 at 9:22 am to dcbl
3 months of no mortgage has me conflicted, we can pay it so why wait 3 months. Then again we have things we could spend that money on to infuse the economy
Posted on 3/18/20 at 9:22 am to dcbl
Posted on 3/18/20 at 9:23 am to BallsEleven
All this does is you get to deffer payments for up to 3 months. They just add 3 months to the back end of your mortgage.
Ford Credit does this. Every 12 months you can deffer up to 2 payments. It is all added to the back end of your loan.
Example. If you deffer by two months and your loan was to have a final payment in June of 2025, the final payment will now be August of 2025.
Ford Credit does this. Every 12 months you can deffer up to 2 payments. It is all added to the back end of your loan.
Example. If you deffer by two months and your loan was to have a final payment in June of 2025, the final payment will now be August of 2025.
Posted on 3/18/20 at 9:23 am to dcbl
slippery slope is slippery
Posted on 3/18/20 at 9:24 am to The Maj
On the fourth month you have to pay four months
Posted on 3/18/20 at 9:26 am to Desert King
Emergency funds are for when you hit a rough spot in a free-flowing economy, not when the economy is shut down on purpose by the government.
Posted on 3/18/20 at 9:27 am to dcbl
This shite is clearly much worse than we are being told. The Imperial College model is downright frightening.
Posted on 3/18/20 at 9:28 am to Desert King
quote:
If only people took the personal responsibility of building emergency funds for situations like this.
Yep, isn’t 6 months of salary recommended?
Posted on 3/18/20 at 9:28 am to rsbd
quote:
On the fourth month you have to pay four months
Yeah, let me know how that works out when the renter has blown four months worth of rent and doesn't have the money to pay...
Of course, all those landlords are evil for charging rent in the first place...
Posted on 3/18/20 at 9:30 am to MeatCleaverWeaver
quote:
isn’t 6 months of salary recommended?
3-6 months minimum.
Posted on 3/18/20 at 9:30 am to dcbl
quote:
very likely to happen here
Uh.. no?
Posted on 3/18/20 at 9:32 am to TBubba
quote:
Emergency funds are for when you hit a rough spot in a free-flowing economy
Emergency funds are for emergencies, it has nothing to do with the economy...
If everyone in this country had six months salary on hand today, we would not have to be talking about sending folks $1,000 per month...
Posted on 3/18/20 at 9:33 am to dcbl
quote:
don't forget to turn off your auto pay
Forget that, that's 3 months of 100% principal payments.
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