No eviction due to virus ?

[look 171]

WTF, our dumb ass Mayor say there's going to be no eviction for tenants due to Corona and the slow down in the economy. He will make more noise about commercial in the coming days but nothing for building owners or owners who has a mortgage. We take it on our shorts. I can see it now how some will completely take advantage of this. It can go on for 6 months, I hear.

[Tobra]

How exactly can this be enforced?

[Bill Douglas]

I'd been thinking about this a bit over the last few weeks. No job means no money to pay rent. I guess I'll just have to go hungry, but I'm not throwing anyone out of their home. No legislation in this country but I feel it's my moral obligation to look after my tenants and worry about the details (rent owing) at a later stage.

[look 171]

Can't. they can all claim hardship due to virus and they are off the hook. Its a free for all and he's giving it away and we are stuck with the bill

[look 171]

Originally Posted by Bill Douglas

I'd been thinking about this a bit over the last few weeks. No job means no money to pay rent. I guess I'll just have to go hungry, but I'm not throwing anyone out of their home. No legislation in this country but I feel it's my moral obligation to look after my tenants and worry about the details (rent owing) at a later stage.

Yeah, but in the mean time, your bank is up your ass with payments. Small residential units, they might be able to swing it for a couple of months, but some of the commercial rent or mortgage can be up into the 30-50,000 dollar range, per month. Lets say you own a ten unit apt and the rent is 1500 a pop. That's 15,000 a month you must carry or lost without any proof that they can't pay it. Its so new that no one know what's going to happen or if it will even go anywhere but simply proposing this is BS.

[Bill Douglas]

I'm an old man and freehold. So don't owe anyone anything.

I think the banks have been told to be friendly to people. Also the tax department has too. The official cash rate is quarter of a percent, so the banks have plenty of margin to still make their profits.

[RWebb]

Does this apply to all landlords, or just those with more than 8, 16 etc. number of units?

[look 171]

Originally Posted by RWebb

Does this apply to all landlords, or just those with more than 8, 16 etc. number of units?

Webb, so far its an LA thing. I think it will spread like wildfire, hope not. Another way for them to screw owners.

[look 171]

Originally Posted by Bill Douglas

I'm an old man and freehold. So don't owe anyone anything.

I think the banks have been told to be friendly to people. Also the tax department has too. The official cash rate is quarter of a percent, so the banks have plenty of margin to still make their profits.

Our tax dept, the IRS, friendly? HAHAHAHAHAHA

[Bill Douglas]

We have had some bizarre tenancy law changes here too. Lots of landlords are giving up and selling the houses. Which means less houses available for people to rent - duh.

I've only got really good people in good houses. People focused on their lives and their careers, not on how to rip off the landlord. So I'm lucky.

Tax department friendly - it sounds like a contradiction in itself LOL

[speeder]

Originally Posted by look 171

Our tax dept, the IRS, friendly? HAHAHAHAHAHA

Our government is talking about extending the tax deadline out from April 15 to some later date, in order to let people hold their $$ a little longer at least.

Saw this today, real sign in building elevator:

[speeder]

Don't know why it's sideways, sorry.

[wdfifteen]

^^
Sideways on my computer, right side up on my iPad.

[rusnak]

I don't see how a local mayor can legislate anything, including zoning laws, let alone Landlord Tenant laws, which are legislated by the state.

[McLovin]

Haha, Constitution? What’s that?
This is just forced, privately funded welfare.
I’m sure property taxes are still due on time.
If the government wants to provide free or deferred rent, why not use taxpayer dollars to pay people’s rent (or loan to people to pay their rent)?
If this is a government or societal obligation, shouldn’t the government, or ALL of society, kick in?
Such bizarre logic.

[slodave]

Originally Posted by look 171

Can't. they can all claim hardship due to virus and they are off the hook. Its a free for all and he's giving it away and we are stuck with the bill

Please don’t give misleading info. No one can just claim hardship. One has to prove it with documentation.

As far as enforcing. The courts have been instructed not to take new cases and suspend existing ones.

[island911]

Originally Posted by McLovin

Haha, Constitution? What’s that?
This is just forced, privately funded welfare.
I’m sure property taxes are still due on time.
If the government wants to provide free or deferred rent, why not use taxpayer dollars to pay people’s rent (or loan to people to pay their rent)?
If this is a government or societal obligation, shouldn’t the government, or ALL of society, kick in?
Such bizarre logic.

yeah, This ^

[McLovin]

Originally Posted by slodave

Please don’t give misleading info. No one can just claim hardship. One has to prove it with documentation.

As far as enforcing. The courts have been instructed not to take new cases and suspend existing ones.

If courts are instructed not to take new cases, why would a tenant who simply doesn’t want to pay bother showing any “documentation?”

Just a simple “Hey man, sorry about the no rent, corona virus lol” will do. (And lots will do it, see elevator sign above).

[McLovin]

And suspend existing cases?
What does corona virus have to do with cases filed 30! or 60 days ago? Those tenants’ failure to pay had nothing to do with any virus.
This is craziness.
The government is scarier and going to do more long term damage than the virus.

[McLovin]

Although I think a lot are getting the revolution they wanted.

(But contrary to the old saying, this revolution most definitely WILL be televised).