- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 3/23/20 at 8:15 am to fr33manator
Democrats will celebrate (this was the intent) then try for more govt overreach while they purposely extend the crisis.
Posted on 3/23/20 at 8:17 am to fr33manator
quote:
What will happen when millions are unable to pay rent/mortgage?
Remember the recession a few years back? That was caused by people not paying their mortgages. If this quarantine last much longer, those days will look like a day at the beach.
Posted on 3/23/20 at 8:17 am to fightin tigers
quote:
Small businesses (landlords) go into debt and get bailed out by SBA loans or potential grants. Or the small business works with the tenant to adjust future rent to pay back rent. Kicking out a tenant for another that can't pay is a bad business decision.
Mortgage companies dont collect principle and keep the interest rolling for the borrower. Any potential loss in income doing so is backed by government bailouts.
Damn you had that waiting to go
Posted on 3/23/20 at 8:18 am to dat yat
quote:
But I have no mortgage, so with my luck relief will probably be tied to financing
Neither do I so I'm wondering what they're going to do for us landlords. I have two rentals but no mortgage. I still have to make repairs, maintain the property and contribute to my retirement.
Posted on 3/23/20 at 8:19 am to bayoudude
quote:
I have never been happier to be debt free.
this may be a great time to be in some debt
if inflation hits, your debt gets devalued naturally
if they're on the verge of bankruptcy, they'll take pennies on the dollar to settle
Posted on 3/23/20 at 8:20 am to ApexTiger
quote:
The rich take advantage of the buying opportunity...
This is no joke.
There are many that speculate that The Rockefellers, JP Morgans and other big investors and Banks actually created the Great Depression so that they could consolidate and buy up all the small town banks and homesteads.
And that's exactly what happened.
Monopolies incoming
Posted on 3/23/20 at 8:21 am to bayoudude
quote:#me too
debt free
Posted on 3/23/20 at 8:23 am to Jinglebob
quote:
Trickle up economics.
Rent/mortgage doesn't get paid.
Banks don't foreclose/evict.
Govt $$$$ eventually comes.
Everyone is whole.
Pretty simple actually.
Wouldn't this make everyone feel better if we weren't 23 Trillion in debt?
Posted on 3/23/20 at 8:25 am to dat yat
quote:
Shes a little mocha hottie that would be worth a lot of rent,
Tell her I have a unit available. Er... wait a minute.
.
.
.
.
.
.
.
.
..
...
....
Okay.
Now I have a unit available.
Make sure to tell her that I accept all forms of payment
Posted on 3/23/20 at 8:26 am to nola000
I am not sure how Interest rates can stay so low after we devalue the dollar with this massive stimulus.
Posted on 3/23/20 at 8:29 am to TigerinATL
quote:
This is probably a good test run for where we’re headed with automation. I don’t see how we can avoid implementing some form of universal basic income when the AI and robots make 30% - 60% of us worthless to the economy in the next 5 - 10 years
I'm a libertarian but there's a lot of truth to this. The Star Trek economy is coming whether we like it or not. I don't think we're really ready for it yet, I think the Boomers have to pass on for society be ready for something like that and even then it could either go really really poorly or really really well. It all depends on how quickly the transition takes place and the quality of the human beings in our society at that point. I think it'll be easier in culturally homogeneous countries than it will an immigrant country like the US.
Posted on 3/23/20 at 8:52 am to fr33manator
All I know is that as of right now, I am good. I am able to work from home while still receiving my full paycheck.
That can't last forever. We stay shutdown for long enough. (With news that someone in the company testing positive for Covid on Friday, it may be a while before we're all allowed to return to work as normal). I see budget cuts happening in the future if this lasts long enough. And while I am a good worker, I know how these things work. The new guy who hasn't even been on the job 2 months is the first on the chopping block.
That can't last forever. We stay shutdown for long enough. (With news that someone in the company testing positive for Covid on Friday, it may be a while before we're all allowed to return to work as normal). I see budget cuts happening in the future if this lasts long enough. And while I am a good worker, I know how these things work. The new guy who hasn't even been on the job 2 months is the first on the chopping block.
Posted on 3/23/20 at 8:52 am to LPTReb
quote:
Banks are going to offer extensions. There has been some regulatory guidance issued giving banks more leeway than normal to grant extensions and restructures.
Ask those that received extensions after Baton Rouge flooded how it all worked out for them. It was bullshite and the banks take the opportunity to nail you with fees on top of it all.
Posted on 3/23/20 at 8:54 am to fr33manator
Fed will give Wall Street and the "TBTF" a quadrillion, if they want, and let the corrupt money junkies take everything from the lower upper and middle class. Same as 2008 but 100x with no limits of freebies to the corrupt ruling class.
Posted on 3/23/20 at 8:56 am to fr33manator
Go to the Fannie Mae and Freddie Mac websites. They are addressing this issue
Posted on 3/23/20 at 8:59 am to Man With A Plan
quote:
It's your fault you weren't prepared
It's the gubment fault many businesses are shutting doors, and it's impossible from t the gubment to bail everyone out.
If this goes beyond ths week, people will crack.
Posted on 3/23/20 at 8:59 am to Will Cover
quote:
And sadly, the majority of Americans can’t afford to cover a $1,000.00 expense with their “savings.”
That is rough and it's not the fault of some of them but in my business, I see the $40K millionaires often and forgive me for saying I will not feel sorry for them during this.
I remember one of my subs did a mortgage inspection not long ago on someone and when I looked at the photos the guy had an $80K toy hauler, two Harley's, UTV, boat, Yukon, and a new GMC Dually but yet he was approaching the 60 day mark of being late on his mortgage because he was laid off a few months prior. His history showed he was constantly late even when he was employed. Just straight living beyond his means.
Those are the type that no bailout or restructuring will help. It'll be a temporary bandaid and flushing money down the toilet basically.
Posted on 3/23/20 at 9:05 am to Picayuner
quote:
I’ve heard that at least one bank will let it slide for a year.
That's not how it works. You have to pay it eventually. Usually its added as a lump sum balloon payment that catches people off guard. You also incur a lot of penalties and interest on it.
Posted on 3/23/20 at 9:07 am to nola000
quote:so #yanggang was on to something wasn't he
I'm a libertarian but there's a lot of truth to this. The Star Trek economy is coming whether we like it or not. I don't think we're really ready for it yet, I think the Boomers have to pass on for society be ready for something like that and even then it could either go really really poorly or really really well. It all depends on how quickly the transition takes place and the quality of the human beings in our society at that point. I think it'll be easier in culturally homogeneous countries than it will an immigrant country like the US.
Page 8 of 10
Popular
Back to top
Follow TigerDroppings for LSU Football News