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re: So I see #rentrelief is trending on Twitter
Posted on 3/27/20 at 5:34 pm to TigerstuckinMS
Posted on 3/27/20 at 5:34 pm to TigerstuckinMS
Kinda curious to see how this affects the rental market in Houston. There endless apartment space available at any given time.
It’s not like recent college grads are going to flood the market with oil this low.
It’s not like recent college grads are going to flood the market with oil this low.
1
Posted on 3/27/20 at 5:35 pm to GeorgeTheGreek
I should be held to the same standard as F500 corporations, which is... not high.
Posted on 3/27/20 at 5:36 pm to fallguy_1978
I’m being hyperbolically sarcastic
Posted on 3/27/20 at 5:37 pm to Oilfieldbiology
I know you are 
Posted on 3/27/20 at 5:40 pm to fallguy_1978
quote:
had a tenant for 7 years that got furloughed for a month or two I'd do my best to work with them. Good tenants are hard to find.
Exactly. If they were already dead beats and behind on rent that's one thing. A lot of hard working people lost their jobs overnight. The stimulus checks wont flow for a few weeks and unemployment is a shitshow right now.
Posted on 3/27/20 at 5:42 pm to GeorgeTheGreek
quote:
What happened to having savings?
Are you that out of touch? This is a troll, right?
Posted on 3/27/20 at 5:43 pm to ThuperThumpin
quote:
Exactly. If they were already dead beats and behind on rent that's one thing. A lot of hard working people lost their jobs overnight. The stimulus checks wont flow for a few weeks and unemployment is a shitshow right now
I help my dad manage 3 rental houses because he spends a decent amount of time out of state. His are paid for which is a different situation than some but we'd absolutely work with a good tenant for several months.
Posted on 3/27/20 at 5:46 pm to GeorgeTheGreek
quote:
These people want a government handout and to not have to pay rent? What happened to having savings?
Well, ignore for a minute the fact that our government policies have absolutely eroded our middle class and their ability to save money..
Considering that government is closing everything and thereby causing people to lose their jobs & income, then it's only right that the government give them money to repay them for the damage done.
These are extenuating circumstances. This isn't people businesses closing because they want to or people not working because they're lazy
This post was edited on 3/27/20 at 5:50 pm
Posted on 3/27/20 at 5:50 pm to GeorgeTheGreek
quote:
So the guy you’re renting from doesn’t deserve cash flow just because you’re not getting it?
Can't get blood from a stone. Landlords bout to get BTFO. Those that are overleveraged and can't make their mortgage payments without rent should be calling their banks yesterday.
Evictions ain't happening right now and if your rental is at the level of a service industry person, you ain't finding another tenant in this market.
Good luck to all.
Posted on 3/27/20 at 5:54 pm to JohnnyKilroy
quote:
Can't get blood from a stone. Landlords bout to get BTFO. Those that are overleveraged and can't make their mortgage payments without rent should be calling their banks yesterday.
This board likes to complain about people that don't have 6 months worth of bills saved up, but they don't like to give business owners and the like that same kind of judgement.
Posted on 3/27/20 at 5:54 pm to Dire Wolf
Going to frick up all the luxury apartments going up around the Heights. I thought that was a bad idea before the market tanked, let alone now. The one close to my office building on 610 doesn’t even look half full.
Posted on 3/27/20 at 5:54 pm to fallguy_1978
Where this has a different dynamic is in places like NY/SF/LA and to slightly lesser degree every other major city.
Those cities have extremely high amounts of renters with pretty high paying jobs who therefore also pay a lot of taxes.
These are people who are certainly likely to have money saved but the economics of their situation --and one that benefits the entire US economy -- is that extremely high rent is offset by very high pay.
You can say tough titty but it's a chaotic blow to the entire economy if you start to get large numbers of these people deciding they're not paying 3500K/mo rent for months with no paychecks coming in.
Those cities have extremely high amounts of renters with pretty high paying jobs who therefore also pay a lot of taxes.
These are people who are certainly likely to have money saved but the economics of their situation --and one that benefits the entire US economy -- is that extremely high rent is offset by very high pay.
You can say tough titty but it's a chaotic blow to the entire economy if you start to get large numbers of these people deciding they're not paying 3500K/mo rent for months with no paychecks coming in.
Posted on 3/27/20 at 5:56 pm to JohnnyKilroy
Government needs to give banks 0 interest loans so the banks can keep loaning at 0 or near 0 to landlords and other business owners.
Democrats (I am Democrat so I know) would hate it and say it's "bailing out the banks". But realistically that is how we keep things afloat. Stimulus to the people and so what it takes to get banks loaning to businesses
Democrats (I am Democrat so I know) would hate it and say it's "bailing out the banks". But realistically that is how we keep things afloat. Stimulus to the people and so what it takes to get banks loaning to businesses
Posted on 3/27/20 at 5:58 pm to JohnnyKilroy
quote:
Can't get blood from a stone. Landlords bout to get BTFO. Those that are overleveraged and can't make their mortgage payments without rent should be calling their banks yesterday.
I actually feel for a lot of landlords but that’s not going to stop the chapo trannies on twitter from wanting them all dead.
I think there is a healthy middle ground where landlords will work things out and renters won’t go full commie. However on the internet it will seem like Ho Chi Minh just ordered everyone to kill all landlords
This post was edited on 3/27/20 at 6:04 pm
Posted on 3/27/20 at 6:00 pm to Hulkklogan
I said from the beginning that the government should have taken their 2 trilly and loaned it to the banks, contingent on them deferring all mortgages/loans for a month or two.
Posted on 3/27/20 at 6:01 pm to Aristo
quote:both parties left smiling and satisfied if memory serves
saw a movie about this once where they both reached an agreement.
Posted on 3/27/20 at 6:05 pm to Dire Wolf
quote:
I think there is a health middle ground where landlords will work things out and renters won’t go full commie. However on the internet it will seem like Ho Chi Minh just ordered everyone to kill all landlords
Yea the chapo's are loving the excuse to rent strike, but I've seen my fair share of landlords crying on facebook about not being able to pay the mortgage on their 8 (near zero equity) rentals because their AirBNB listings dried up.
Or that scared they're gonna get foreclosed on because their tenants just got laid off and they can't evict and get a new tenant tomorrow.
I can kind of get not being as prepared as you should be in like Nebraska or Wyoming or some shite like that, but I can only feel so bad for the overleveraged and no savings landlords on the gulf coast. Their income stream has a SIGNIFICANT risk of evaporating every single year. Literally no excuse for them to not be able to cover a month or two of no rental income.
Posted on 3/27/20 at 6:06 pm to GreatLakesTiger24
I am not stats guy but the number of anime avatars on #rentrelief leads me to believe that at least 41% would be dead of their own doing in normal market conditions.
Posted on 3/27/20 at 6:08 pm to JohnnyKilroy
quote:
Yea the chapo's are loving the excuse to rent strike, but I've seen my fair share of landlords crying on facebook about not being able to pay the mortgage on their 8 (near zero equity) rentals because their AirBNB listings dried up.
Damn I didn’t even think about the airBNB market. A lot of New Orleans chapos just got their wish
Chapotards are the fricking worst so I am pro-landlord
Posted on 3/27/20 at 6:38 pm to fitz
quote:
let my tenant slide
Depends on the tenant...
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