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Message
re: Student Loan Payment Pause and Moratorium on Evictions Extended
Posted on 1/21/21 at 9:40 am to TigerDog83
Posted on 1/21/21 at 9:40 am to TigerDog83
quote:
Government needs to get out of the way and let the free market decide.
that includes ending ubiquitous testing of healthy people and fear mongering through the media.
the idea that just stopping lockdowns etc is the only government function in this technofascist world is part of the problem
0
Posted on 1/21/21 at 9:43 am to goofball
quote:
Executive orders are signed by new president to maintain protections from economic hardships caused by government over reaction to the Covid-19 pandemic
FIFY
Posted on 1/21/21 at 9:43 am to Eat Your Crow
quote:People, the housing moratorium is a moratorium on evictions and foreclosures, not a moratorium on having to pay. You are still accruing arrears every month you don't pay and the instant the moratorium is lifted, you'll almost certainly get hit with a demand letter for, at a minimum, the back rent/mortgage payments and possibly a demand letter for payment of the mortgage/remainder of the lease in full. In this state, that means you'll be homeless within a month or so if you can't stroke the check for the demand payment and you'll have that giant failure to pay on your credit history meaning the next lender/lessor that you walk up to is going to be more likely to tell you to get fricked and go try down the street at the low-rent apartments, limiting your housing options to El Cid.
I have been paying mine this entire time, but I might have to rethink that now. Not sure exactly what the best strategy is.
For now, I guess. The commies in charge could just try to unilaterally void all lease and purchase contracts.
This post was edited on 1/21/21 at 9:58 am
Posted on 1/21/21 at 9:44 am to goofball
Man what a kick in the dick for people who refinanced
Mother frick !!!!
Mother frick !!!!
Posted on 1/21/21 at 9:50 am to Toroballistic
quote:
FIFY
i mean. i don't see the government as anything but an UNnecessary evil, so any reaction is an overreaction that could have been better handled by individual decisions.
anything the government does must be overcome on TOP of what it was trying to fix in the first place.
Posted on 1/21/21 at 9:57 am to Lawyered
I’m not going to refinance until a republican is back in office 
I did the 25 year plan and pay extra. Now its all going to principal.
I did the 25 year plan and pay extra. Now its all going to principal.
Posted on 1/21/21 at 10:00 am to TigerstuckinMS
quote:
People, the housing moratorium is a moratorium on evictions and foreclosures, not a moratorium on having to pay. You are still accruing arrears every month you don't pay and the instant the moratorium is lifted, you'll almost certainly get hit with a demand letter for, at a minimum, the back rent/mortgage payments and possibly a demand letter for payment of the mortgage/remainder of the lease in full.
You think they won't at least attempt to make that illegal?
"No landlord or lender may attempt to collect any rent or mortgage payments not paid during the moratorium on evictions and foreclosures."
Posted on 1/21/21 at 10:06 am to goofball
quote:
The federal eviction moratorium will be extended to March 31, 2021. Mr. Biden is also asking the Department of Housing and Urban Development to consider extending the foreclosure moratorium and continuing forbearance applications for federally guaranteed mortgages.
As of early January, an estimated 2.7 million mortgages are in forbearance according to the Mortgage Bankers Association.
This is terrifying. IMO, this is being set up for the govt to come in and buy cheap foreclosures so they can set up more govt housing everywhere. It is absolutely fricked up what the govt is doing to landlords. A lot of private landlords are not rich. They are breaking even and trying to pay off the mortgages of their rental properties while they're working so they have retirement income.
This is going to make 2008 look like a cakewalk.
Posted on 1/21/21 at 10:22 am to TigerstuckinMS
quote:
People, the housing moratorium is a moratorium on evictions and foreclosures, not a moratorium on having to pay.
We were talking about student loans.
Posted on 1/21/21 at 10:27 am to Eat Your Crow
quote:
We were talking about student loans.
quote:
Student Loan Payment Pause and Moratorium on Evictions Extended
That's the part I was responding to.
I just picked your post, unfortunately, and didn't realize you were talking about the loan part.
I'm gonna own that one.
This post was edited on 1/21/21 at 10:31 am
Posted on 1/21/21 at 10:30 am to goofball
Are people with poor credit already just not paying rent anymore? No repercussions?
Posted on 1/21/21 at 10:32 am to TimeOutdoors
quote:
Are people with poor credit already just not paying rent anymore? No repercussions?
Oh, sure, that hasn't changed.
The problem is that there are about to be a lot more people that are going to have poor credit.
EL CID! Or maybe a nice cottage on Jennifer Jean.
Posted on 1/21/21 at 10:39 am to GetCocky11
quote:IMO, this is the only "fair" answer to the current student loan problem. Just waive interest, but principle must be paid back. As a country we shouldn't be trying to make money off of people who are trying to better their lives.
I'm enjoying the principal-only payments on my student loans right now. I hope he extends it again
Posted on 1/21/21 at 10:42 am to Epic Cajun
quote:
IMO, this is the only "fair" answer to the current student loan problem. Just waive interest, but principle must be paid back. As a country we shouldn't be trying to make money off of people who are trying to better their lives.
I'm okay with that. It's fair and reasonable. I would even be okay with forgiving some loans to first responders (nurses, doctors, etc.) in this "war on Covid".
That makes way more sense than eliminating evictions and screwing over smaller landlords. That just doesn't work.
Posted on 1/21/21 at 10:46 am to bad93ex
quote:
Pretty sure that my current project will be shut down and they will lay off hundreds of thousands of people.
"hundreds of thousands"....ok, bud.
Posted on 1/21/21 at 10:47 am to goofball
The bubble that's about to burst in this economy is going to make '08 look like a speed bump
This post was edited on 1/21/21 at 10:48 am
Posted on 1/21/21 at 10:49 am to Tshiz
Dey rich shouldn't have all dem houzes anyway
Posted on 1/21/21 at 10:51 am to goofball
quote:Eh, I'm borderline about that, because at least some of these workers are receiving increased income during this time. Maybe forgive an amount equal to their minimum payment for the duration of this "war on Covid" or something.
I'm okay with that. It's fair and reasonable. I would even be okay with forgiving some loans to first responders (nurses, doctors, etc.) in this "war on Covid".
quote:Yeah, this is absurd. This is basically class warfare perpetuated by the government.
That makes way more sense than eliminating evictions and screwing over smaller landlords. That just doesn't work.
Posted on 1/21/21 at 10:56 am to SlowFlowPro
quote:
getting into a discussion with the "landlords do nothing" is one of those mind-numbing experiences that legit melts brain cells
the concept of risk and investment is literally outside of their understanding, as well as historical examples of public housing. of course THAT isn't the type of public housing they're talking about. that wasn't real public housing
It’s what love for landlords is trolling for, just go to Reddit search landlord and you will run across threads that full the biggest morons out there.
Posted on 1/21/21 at 10:57 am to goofball
quote:
That makes way more sense than eliminating evictions and screwing over smaller landlords. That just doesn't work.
Did landlords qualify for PPP? I know the money didn't make it to a lot of businesses that qualified, just asking as a general question if landlords are eligible for the program?
There's been an eviction ban since March of '20, so let's not pretend the sky is suddenly falling. That said, government does need to look out for both parties in the case of rentals....if you're enforcing an eviction moratorium, you should also be subsidizing lost income for the property owners. That's just common sense, imo.
Perhaps a rental owner on the board can describe what the government has or hasn't offered since March to help recoup lost income from rentals?
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