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1
Posted on 4/21/21 at 7:42 am to ItNeverRains
Illegal seizure of private property...
Posted on 4/21/21 at 7:42 am to ItNeverRains
cant wait for the lack of rentals available to the poors in 10 years. unintended consequences and all
also...while most headlines dont state it I think the federal bans are only applicable to properties with government guaranteed loans.
also...while most headlines dont state it I think the federal bans are only applicable to properties with government guaranteed loans.
Posted on 4/21/21 at 7:44 am to saints5021
quote:
Does this apply to lease to own agreements? I don't have a renter, I have a lessee with payment terms and a contract.
You'd have to read the actual law to know for sure, but I'm guessing it does. Of course, you would PROBABLY get to keep all the money he/she has already paid you. I say probably because it will depend upon what city you live in and the judge that is assigned to you when the lessee sues you. If you're in Orleans Parish, you're probably f*cked.
This post was edited on 4/21/21 at 7:48 am
Posted on 4/21/21 at 7:45 am to Dawgfanman
quote:
Landlords aren’t all rich people who can pay the mortgage for multiple families
Of course, you’ll get some idiot poster saying “well, if you don’t have enough reserves to cover this then you’re not doing it right”.
Posted on 4/21/21 at 7:47 am to Sooner5030
quote:
cant wait for the lack of rentals available to the poors in 10 years. unintended consequences and all
Ohhhh, don't think for a second that the Dims will not pass a law making it illegal for the credit bureaus to report the delinquencies of these leeches.
They're already trying to force the credit agencies to change the credits scores to reflect "equity" because so many minorities have sh!tty credit ratings because the Dims have convinced them that they don't need to pay the bills because of White Supremacy.
This post was edited on 4/21/21 at 7:49 am
Posted on 4/21/21 at 7:49 am to MMauler
quote:
They're already trying to force the credit agencies to change the credits scores to reflect "equity" because so many minorities have sh!tty credit ratings because the Dims have convinced them that they don't need to pay the bills because of White Supremacy.
Already in the works.
Credit scores are racist.
Posted on 4/21/21 at 8:00 am to ItNeverRains
I would send all my renters on a 1 night vacay to biloxi or somewhere cheap and burn all of my rental properties to the ground and collect insurance at this point.
Its communism in a bad disguise
Its communism in a bad disguise
Posted on 4/21/21 at 8:07 am to ItNeverRains
Can someone please explain to me why the federal government can prevent state civil law eviction filings?
Is this only applicable to Section 8 housing or is it applicable to every residential lease in the US?
Is this only applicable to Section 8 housing or is it applicable to every residential lease in the US?
Posted on 4/21/21 at 8:11 am to Wednesday
My lease property is in St. Tammany and our agreement is that if she defaults, I keep the 5k deposit and start eviction. I am already way up on this property, so it wouldn't be the end of the world if she defaulted.
Posted on 4/21/21 at 8:13 am to Sooner5030
quote:I don’t think it’s unintentional.
ant wait for the lack of rentals available to the poors in 10 years. unintended consequences and all
Posted on 4/21/21 at 8:14 am to ItNeverRains
I think you're misinterpreting the data
Posted on 4/21/21 at 8:25 am to Powerman
quote:
I think you're misinterpreting the data
Based on the article my understanding is 33% of black tenants in the USA are delinquent on rent and can’t be evicted due to federal ban on eviction during a pandemic.
Show me where I’m off.
Posted on 4/21/21 at 8:28 am to ItNeverRains
quote:
Based on the article my understanding is 33% of black tenants in the USA are delinquent on rent and can’t be evicted due to federal ban on eviction during a pandemic.
That's not the same as haven't paid a dime since March of last year.
They could be only one or two months behind. That data isn't provided.
I've seen articles recently that show much more renters are behind on rent than what this says.
I want to say it was close to 50% across the board.
Posted on 4/21/21 at 8:40 am to ItNeverRains
IMO, this will cause the next housing bubble to pop. when the number of foreclosures become reconciled, and the number of current homeowners who can only be renters for at least the next 3 years, the supply of houses will greatly exceed the number of possible owners. this will also cause a ripple effect, as new home construction will drop as well
Posted on 4/21/21 at 8:45 am to ItNeverRains
I wonder what percentage of that 32.9% live in government subsidized housing....I've heard that municipal housing authorities that run section 8 housing are collecting literally fractions of the money that they were normally collecting prior to COVID. I'm guessing the government is going to up the subsidies that go to those departments or those section 8 houses are going to simply fall down eventually.
Posted on 4/21/21 at 8:47 am to Powerman
There are a lot of people in the housing projects that are paying literally 0 dollars and have been for months.....HUD is telling the housing authorities that there is nothing they can do except for wait for the enhanced govt money.
Posted on 4/21/21 at 8:48 am to Powerman
quote:
They could be only one or two months behind. That data isn't provided.
The average American has less than $1000 dollars in a checking account. Even if you are right they do not and will not have means to catch up once pandemic ends. A potential asterisk in this case does not equal misinterpreted data. I’ll give you 3% for my possible oversight regarding the amount of rent owed.
What happens when 30% of black tenants can’t catch up or pay rent when pandemic is officially declared over?
Posted on 4/21/21 at 8:51 am to tigeraddict
quote:
IMO, this will cause the next housing bubble to pop. when the number of foreclosures become reconciled, and the number of current homeowners who can only be renters for at least the next 3 years, the supply of houses will greatly exceed the number of possible owners. this will also cause a ripple effect, as new home construction will drop as well
We will certainly see an uptick in properties on the market in the short term as landlords bail on rental properties. The question is what are the market conditions currently in these areas? Where I live this won’t amount to .001% of market.
Posted on 4/21/21 at 8:55 am to ItNeverRains
It’s theft. People are only going to take this shite so long before they decide they have nothing left to lose and strike back. That’s probably what the feds are counting on.
This post was edited on 4/21/21 at 8:56 am
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