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re: What will happen when millions are unable to pay rent/mortgage?
Posted on 3/23/20 at 7:29 am to fr33manator
Posted on 3/23/20 at 7:29 am to fr33manator
Kick them out for what reason? It's not like you are going to find a replacement tenant.
I'd suggest landlords start the discussion with tenants now to start working out reasonable plans to have in place.
I'd suggest landlords start the discussion with tenants now to start working out reasonable plans to have in place.
1
Posted on 3/23/20 at 7:29 am to Mo Jeaux
Amazing isn’t it?
Posted on 3/23/20 at 7:29 am to Pelican fan99
quote:
Really no excuse not to have a few months expenses saved up
Meh, FedGov has done all it can do to promote consumerism and punished savers for a while now.
Posted on 3/23/20 at 7:30 am to Pelican fan99
quote:
All these Americans living pay check to pay check is finally coming back to bite them
That might be the bottom layers of this Jenga tower but if enough of those pieces get pulled the whole thing is going to crumble.
Posted on 3/23/20 at 7:30 am to SavageOrangeJug
quote:
Every filthy Democrat that is holding this up needs to be horse whipped on the public square.
Holding what up? The shitty bill that does nothing?
Posted on 3/23/20 at 7:31 am to Ross
I think people are realizing how vulnerable their business is even if they can work from home
The market crashing and less money in the economy affects everyone. My neighborhood will drastically change if the bars and restaurants that made it popular end up closing.
The market crashing and less money in the economy affects everyone. My neighborhood will drastically change if the bars and restaurants that made it popular end up closing.
Posted on 3/23/20 at 7:31 am to Ross
quote:just watch, it'll trickle up to that middle class very quickly.
That might be the bottom layers of this Jenga tower but if enough of those pieces get pulled the whole thing is going to crumble.
Posted on 3/23/20 at 7:31 am to Mo Jeaux
$1000 dollars a month after missing two paychecks was going to save us
Posted on 3/23/20 at 7:32 am to fr33manator
damn it I knew I should've watched some Dave Ramsey videos
Posted on 3/23/20 at 7:33 am to fightin tigers
(no message)
This post was edited on 3/25/20 at 3:21 am
Posted on 3/23/20 at 7:34 am to Ross
quote:
think the gradual acceptance of the reality that this isn’t going away after only a two week lockdown
It’s never going away. Like swine flu and TB
We are going to mitigate it as best we can and then just accept that some people will die from it. Crashing the economy isn’t the answer and literally no data backs up the claim that any of these steps are necessary
Posted on 3/23/20 at 7:34 am to NIH
It'll be interesting to see who amongst us will be calling for more government aid and money when the savings accounts that people worked so hard to save up go dangerously close to empty.
Posted on 3/23/20 at 7:34 am to NIH
and think about people who run a business with all that revenue drying up b/c other people can't work
i need about 9k/month to net 36k/year (this is after taxes of course) b/c the split is always right at 33% net income, 33% overhead/costs, 33% taxes
that may not be the same breakdown everywhere, but there will be a breakdown that requires a multiplier, so every revenue stream lost hurts more than just that single amount. there's also kind of a minimum of revenue required or else it's pointless. if i can't pay my expenses, then all the revenue i did collect is worthless
i need about 9k/month to net 36k/year (this is after taxes of course) b/c the split is always right at 33% net income, 33% overhead/costs, 33% taxes
that may not be the same breakdown everywhere, but there will be a breakdown that requires a multiplier, so every revenue stream lost hurts more than just that single amount. there's also kind of a minimum of revenue required or else it's pointless. if i can't pay my expenses, then all the revenue i did collect is worthless
Posted on 3/23/20 at 7:35 am to Chef Free Gold Bloom
Yeah, but my high school classmate nurse Bayleigh says if we just do our part and stay indoors for two weeks this will go away
Posted on 3/23/20 at 7:36 am to Pelican fan99
quote:
Really no excuse not to have a few months expenses saved up
How's life in that bubble of your's?
Posted on 3/23/20 at 7:38 am to Mo Jeaux
quote:A lot of people need the money.
Holding what up? The shitty bill that does nothing?
My paycheck will be there unaffected by this mess. A few million can't say that.
It takes a God damned moron to defend the Democrats today.
Posted on 3/23/20 at 7:38 am to The Egg
let’s say you have six months
Great. Doesn’t really mean shite if the economy is in the shitter or your business is a third the value of what it was and you’ll be laid off. But I can work from home!
Great. Doesn’t really mean shite if the economy is in the shitter or your business is a third the value of what it was and you’ll be laid off. But I can work from home!
Posted on 3/23/20 at 7:40 am to NIH
People are working under the the assumption that if they lose their job, they will get it back in 2-3 months in a "worst case scenario". These are your saver, Dave Ramsey types.
That job is gone, sir
That job is gone, sir
Posted on 3/23/20 at 7:41 am to SavageOrangeJug
quote:
A lot of people need the money.
The quarantine is supposed to last a while. Will that money last?
quote:
My paycheck will be there unaffected by this mess. A few million can't say that.
OK.
quote:
It takes a God damned moron to defend the Democrats today.
It takes a moron to defend the Republicans too. I'm Mercutio in this one.
This post was edited on 3/23/20 at 7:42 am
Posted on 3/23/20 at 7:43 am to fr33manator
They already stated no one is getting evicted during this time and no houses would be foreclosed on
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