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Nobody wants to be a landlord anymore.

Posted on 8/12/21 at 6:41 am
Posted by Crimson Wraith
Member since Jan 2014
24730 posts
Posted on 8/12/21 at 6:41 am
Blackrock licking their chops?


The Epoch Times
@EpochTimes

“Nobody wants to become a landlord anymore,” said Diane Baird.

An extended #EvictionMoratorium and the slow distribution of billions in federal rent assistance are driving many small #Landlords to call it quits.

Epoch Times
Posted by AUCom96
Alabama
Member since May 2020
4975 posts
Posted on 8/12/21 at 6:42 am to


The future of housing.
Posted by Bulldogblitz
In my house
Member since Dec 2018
26777 posts
Posted on 8/12/21 at 6:46 am to
Need more places to plant illegals.
Posted by sawtooth
Baton Rouge
Member since Jul 2017
3588 posts
Posted on 8/12/21 at 6:49 am to
For some reason the major corporations are turning out to be the big winners in this “pandemic”.
Posted by bad93ex
Member since Sep 2018
27064 posts
Posted on 8/12/21 at 6:50 am to
All part of the "Great Reset"
Posted by LSUTigerFan247
Member since Jun 2017
3582 posts
Posted on 8/12/21 at 6:50 am to
Makes me glad I only own commercial and not residential. I've had not a single problem with my tenants through this entire ordeal.
Posted by Animal
Member since Dec 2017
4217 posts
Posted on 8/12/21 at 6:58 am to
quote:

For some reason the major corporations are turning out to be the big winners in this “pandemic”.


No way anyone could have seen this coming, Nostradamus incarnate.
Posted by GhostOfFreedom
Member since Jan 2021
11688 posts
Posted on 8/12/21 at 7:12 am to
quote:

Makes me glad I only own commercial


I have wondered about what damage is being done to commercial office space and maybe retail with the plandemic.

A log of businesses are finding they don't need to rent space when they can have their workforce telework. We almost closed our location but need it for servers... for now... we might move our datacenter to MS Azure.

I imagine high tax areas like NYC are really getting pounded.
Posted by touchdownjeebus
Member since Sep 2010
24833 posts
Posted on 8/12/21 at 7:13 am to
quote:

For some reason the major corporations are turning out to be the big winners in this “pandemic”.


that wasn't predictable at all.
Posted by TigerB8
End Communism
Member since Oct 2003
9252 posts
Posted on 8/12/21 at 7:38 am to
Surprising with many companies realizing they can live without the commercial rent overhead when everyone was forced to work from home for this virus scam. It proved they could shrink their commercial space with non-essential employees working from home. Then, if you had commercial real estate in portland, seattle, sanfran, NYC, Kenosha, Minneapolis, you have employees risking their lives to drive into work...so I'm betting those places saw a drop in commercial lease traffic. You are fortunate.
Posted by DaBike
Member since Jan 2008
9020 posts
Posted on 8/12/21 at 7:39 am to
quote:

For some reason the major corporations are turning out to be the big winners in this “pandemic”.


A lot of rental housing will go to corporations and the government will just pay them directly. Of course that means more taxes and other schemes where the government extracts more income from us to pay for this.
Posted by ShoeBang
Member since May 2012
19353 posts
Posted on 8/12/21 at 7:46 am to
quote:

Nobody wants to be a landlord anymore.


Small businesses? frick you, your business goes to Wal Mart

Own a few rent houses to make retirement income? frick you, no one has to pay you but you still have to pay and you can't kick them out.... for as long as we fricking say. Blackrock will buy your house at +10% market value however.

Commute to work? frick you, enjoy being taxed on your way to work to earn taxed money to buy taxed goods to live in your taxed "property"

The full on assault of the middle class is astonishing
Posted by Tomatocantender
Boot
Member since Jun 2021
4732 posts
Posted on 8/12/21 at 7:47 am to
If you're a small landlord and your tenant has stopped paying rent for say a year now, how does the commom maintenance stuff work? For example, let's say the kitchen faucet is spraying everywhere and while this won't require a plumber, it will require parts and some know-how to fix. Does that still fall on the small landlord or can he say fvck it, you haven't paid me in over a year so GFY you POS tenant?

I mean no written contract has a clause for these unprecedented moratoriums, so I'm assuming most landlords are telling them to GFT.
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