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Started By
Message
re: No evictions is a bad policy move by Trump
Posted on 8/8/20 at 4:54 pm to UAinSOUTHAL
Posted on 8/8/20 at 4:54 pm to UAinSOUTHAL
quote:
There are policies in place for landlords so to defers mortgage payment so they shouldn’t be losing any money if they are smart
What policies are you speaking of... I own 20 odd rental units... We've already had to forgo two months rent.. yes I got a sba loan, but it has to be paid back
1
Posted on 8/8/20 at 4:55 pm to navy
it's not very well thought out and has horrible unintended consequences.
These rental payments are not forgiven......you just cant be evicted. And if you file for BK the judge will wipe out your unsecured debt but will require a payment plan for unpaid rents.
People will stop renting out properties. They will either sell or convert to a airbnb like concept where the indivdual prepays for their stay. We will have a rental property shortage.
The folks that just stopped paying (even though they get UE + fed top up, TANF, SNAP) will not have any good references to rent in the future.
Renting a home in 2 years will be like getting a mortgage. No one will want to rent to someone that tried to stiff a previous landlord.
This is beyond stupid.
These rental payments are not forgiven......you just cant be evicted. And if you file for BK the judge will wipe out your unsecured debt but will require a payment plan for unpaid rents.
People will stop renting out properties. They will either sell or convert to a airbnb like concept where the indivdual prepays for their stay. We will have a rental property shortage.
The folks that just stopped paying (even though they get UE + fed top up, TANF, SNAP) will not have any good references to rent in the future.
Renting a home in 2 years will be like getting a mortgage. No one will want to rent to someone that tried to stiff a previous landlord.
This is beyond stupid.
Posted on 8/8/20 at 4:55 pm to StinkBait72
Love seeing the commies whining about him helping poor folks.
Posted on 8/8/20 at 4:55 pm to navy
I think there's actually been a moratorium on evictions for a little while now, so this isn't new. Or at least it's not new in Louisiana. Perhaps it's been done at the state level to this point, I'm not sure. But again, I'm curious as to whether there's financial aid available to landlords....seems as if I overheard something to that effect.
Posted on 8/8/20 at 4:57 pm to mattloc
quote:
quote:
There are policies in place for landlords so to defers mortgage payment so they shouldn’t be losing any money if they are smart
What policies are you speaking of... I own 20 odd rental units... We've already had to forgo two months rent.. yes I got a sba loan, but it has to be paid back
Your bank isn’t giving you the option to defer mortgage payments on those units? My bank has called me a few times to ask if I needed to defer due to covid.
Posted on 8/8/20 at 4:58 pm to davyjones
If there's a policy to aid landlords, I'm not aware of it, neither is my accountant... Looks like we are just going to be out several months rent and maybe more
Posted on 8/8/20 at 4:59 pm to UAinSOUTHAL
quote:
Your bank isn’t giving you the option to defer mortgage payments on those units? My bank has called me a few times to ask if I needed to defer due to covid.
I don't have a mortgage... I have always paid as I go.. I was doing Dave Ramsey before I ever heard of Dave Ramsey
This post was edited on 8/8/20 at 5:01 pm
Posted on 8/8/20 at 4:59 pm to StinkBait72
quote:
He is trying to buy votes, but has lost mine this round. Tired of being shat on for working hard and building my family a financially stable future.
So you’re going to vote for the party controlled by people like Deblasio, Bernie and AOC who think evections should be permanently banned along with property rights all together.
Posted on 8/8/20 at 5:00 pm to mattloc
quote:
If there's a policy to aid landlords, I'm not aware of it, neither is my accountant... Looks like we are just going to be out several months rent and maybe more
Most of the businesses in the country are going to be out several months of something
Being a landlord is just as much business as running a gym or a bar that was forced to close or limit revenues.
No one is safe
Posted on 8/8/20 at 5:03 pm to DiamondDog
quote:
How are landlords going to recoup this money from a bunch of deadbeats?
Does this mean I can just stop paying rent now?
Deadbeat tenants should be forced into servitude by landlords if they can not pay rent and can not be evicted.
Posted on 8/8/20 at 5:03 pm to YF12
quote:
Being a landlord is just as much business as running a gym or a bar that was forced to close or limit revenues.
What? Except the gyms and businesses are closed.
This is like opening your gyms for free lol.
Horrible analogy.
Posted on 8/8/20 at 5:03 pm to YF12
quote:
Being a landlord is just as much business as running a gym or a bar that was forced to close or limit revenues
I don't disagree... I have not tried to collect rent since this started.. some are voluntarily paying and it's greatly appreciated... I still have to pay taxes and insurance and maintenance employees
Posted on 8/8/20 at 5:04 pm to paul02085
Love seeing the conservatives cheer for government handouts.
Posted on 8/8/20 at 5:05 pm to Tigahhs97
No evictions means less insurance claims for "small explosions" after some destitute person breaking into homes gets blasted.
Posted on 8/8/20 at 5:05 pm to StinkBait72
So do you think he simply hates landlords, or is it instead perhaps he must make the least shitty of a litany of shitty options, in which he has you best interests in mind for the near future??
But by all means, cut off your nose to spite your face.
But by all means, cut off your nose to spite your face.
Posted on 8/8/20 at 5:05 pm to Sooner5030
quote:
What? Except the gyms and businesses are closed.
This is like opening your gyms for free lol.
Horrible analogy.
They still have rent or a mortgage.
They still have upkeep to pay for you cant just let your place go unattended.
They are still paying utilities.
Sort of the things a landlord may pay for.
This post was edited on 8/8/20 at 5:11 pm
Posted on 8/8/20 at 5:06 pm to StinkBait72
Beats having a commie president lol
Posted on 8/8/20 at 5:09 pm to navy
quote:
but to tell an individual landlord with a signed lease agreement that he cannot evict?
I don’t get it either. He can’t override a contract between two private individuals?
I have a rental house I inherited when my grandmother died. So now my renter can just opt out of paying? I’m still on the hook for maintenance and property taxes? That’s bullshite man
Posted on 8/8/20 at 5:11 pm to StinkBait72
quote:
He is trying to buy votes, but has lost mine this round. Tired of being shat on for working hard and building my family a financially stable future.
Yeah, Biden is really going to take of you in that department.
Which president has helped you the most in building up that stable future?Posted on 8/8/20 at 5:12 pm to redneck hippie
Technically the federal ban on evictions was only for properties that were government backed (freddie Mac, Fannie mea). Of course your state ban probably covers the rest.
The best course of action is to let renters & landlords work out a plan. When the government comes in and takes a side it just screws everything up...always does.
The best course of action is to let renters & landlords work out a plan. When the government comes in and takes a side it just screws everything up...always does.
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