Impending tsunami of evictions

[GH85Carrera]

I am surprised one of the large corporate apartment complex owners have not filed a suit in federal court. It is just clearly overstepping the intent of the CDC's reason to exist. Public safety is a great thing, but not at the cost of a clear unconstitutional ruling from bureaucrats.

[sewell94]

With BlackRock (who has acted as fiduciary to the Federal Reserve Bank of New York) and other major firms buying up TONS of housing, this will create a huge buying opportunity for them when the "little guys" get squeezed out of the rental business.

Follow the money,

Look into who the major stakeholders of Vanguard, Blackrock, and StateStreet are, and then who owns large shares of Moderna, PFizer, and J&J.

[GH85Carrera]

Originally Posted by sewell94

With BlackRock (who has acted as fiduciary to the Federal Reserve Bank of New York) and other major firms buying up TONS of housing, this will create a huge buying opportunity for them when the "little guys" get squeezed out of the rental business.

Follow the money,

Look into who the major stakeholders of Vanguard, Blackrock, and StateStreet are, and then who owns large shares of Moderna, PFizer, and J&J.

That makes sense. The big players that have the connections will reap the rewards of the renters market collapse. One of my buddies has several rental houses. Mostly in more expensive levels and to corporate renters. He still has a few no pay renters. He has had to dump money into his rental business just to survive. As soon as the market returns, and he can clear out the deadbeats, he is going to sell. He is done with the whole mess.

[fintstone]

It is amazing how bad this is in some places. I own single family homes in five different states (was 6 states but just sold one)...and multiple homes in some states. I have not seen this with any of my homes. If anything, the "pandemic" has improved my financial picture as a landlord. The value of all my investment properties (and homes I use personally) has increased at much greater rate than in the past. Demand is great. I sold one that had been a laggard for years after listing for a single day (at a much higher price than anticipated) and pocketed substantial cash. All the others have behaved as before (rent on time) and I have raised the rents on all. Some move out at the end of their lease (like before) but I am able to rent those homes immediately at a higher rate. This has enabled me to pay down/pay off mortgages or refinance at very low rates. I reduced the payment in my primary residence by around $800 a month alone (with a simple refi).

This mortarium is just bad policy and demonstrates bad faith by renters. There are plenty of jobs and people that do not make much have regularly received huge amounts of social welfare to add to that. There is no excuse for most people to not pay their rent (other than poor choices on their part). How exactly do they (and Washington liberals) expect landlords to pay their bills/mortgages?

[Tidybuoy]

I feel very lucky to have two great tenants at my duplex. One pays automatically on the 25th of every month and the other comes to my house and pays cash on the 1st of every month. Neither has ever been late and they keep my property in great shape.

[look 171]

Any of you have gotten any of the fed money directly?

I am out of the loop and just stopped reading about it. It the rent memorandum extended now?

[Tobra]

Originally Posted by sewell94

With BlackRock (who has acted as fiduciary to the Federal Reserve Bank of New York) and other major firms buying up TONS of housing, this will create a huge buying opportunity for them when the "little guys" get squeezed out of the rental business.

Follow the money,

Look into who the major stakeholders of Vanguard, Blackrock, and StateStreet are, and then who owns large shares of Moderna, PFizer, and J&J.

Spot on

Sheeple are so stupid.

"At least we have the grown ups in charge now," said a college educated liberal.

[drcoastline]

Originally Posted by McLovin

It is clearly unconstitutional.
Kavanaugh got burned on his dumb and unprincipled ruling. He assumed good faith by the Dems, which wasn’t a sensible assumption at this time.

Is it ever a good time?

[tabs]

Originally Posted by fintstone

It is amazing how bad this is in some places. I own single family homes in five different states (was 6 states but just sold one)...and multiple homes in some states. I have not seen this with any of my homes. If anything, the "pandemic" has improved my financial picture as a landlord. The value of all my investment properties (and homes I use personally) has increased at much greater rate than in the past. Demand is great. I sold one that had been a laggard for years after listing for a single day (at a much higher price than anticipated) and pocketed substantial cash. All the others have behaved as before (rent on time) and I have raised the rents on all. Some move out at the end of their lease (like before) but I am able to rent those homes immediately at a higher rate. This has enabled me to pay down/pay off mortgages or refinance at very low rates. I reduced the payment in my primary residence by around $800 a month alone (with a simple refi).

This mortarium is just bad policy and demonstrates bad faith by renters. There are plenty of jobs and people that do not make much have regularly received huge amounts of social welfare to add to that. There is no excuse for most people to not pay their rent (other than poor choices on their part). How exactly do they (and Washington liberals) expect landlords to pay their bills/mortgages?

It is a de facto tax on the rich who should be paying their fair share..they can afford it...

[tabs]

Originally Posted by GH85Carrera

First the supreme court needs to rule if it is even legal.

The CDC is essentially taking control of private property and taking the use of the rental properties from the control of the owners. 100% of all taxes, and mortgage payments continue, just zero income. The apartments that have "all bills paid" must be really hurting. How can the CDC say to a landlord, you have to pay the costs and just eat the loss, it will never get repaid, never be reimbursed, you just have to accept the massive loss. What are the constitutional rights of the owners? Are they just ignored?

Just making the rich pay their fair share..you can afford it so what are you complaining about...

Talk about wanting to shirk social responsibility...you want the govt to pay for everything and the minute something has to come out of your pocket boy how you cry like a little girl.

[tabs]

Originally Posted by wdfifteen

From the article:
"Ohio leaves rental assistance up to its local agencies to manage. There's no standardized form or website or method for processing applications."

Now who could have set up a state-wide system with standardized forms and a website if they'd cared enough to?

Betcha ya find out a few years down the line all that money was allocated to ....and nothing is left in that piggy bank. sticky fingers in the free to them Fed govt Piggy Bank...

I am being so cynical..isn't it deliciously wicked of me?

So when didja boyz discover that you are fked?

[craigster59]

Originally Posted by tabs

So when didja boyz discover that you are fked?

Around the time there are supply chain interruptions along with fuel and food shortages.

[wdfifteen]

Originally Posted by tabs

I am being so cynical..isn't it deliciously wicked of me?

Yeah, deliciously wicked is the first thing that comes to mind when I think of you.

[cabmandone]

If her hand is a few more inches to his right, that becomes soft porn.

[wdfifteen]

Originally Posted by cabmando

If her hand is a few more inches to his right, that becomes soft porn.

If it was Tabs it would be soft.

[jyl]

Gotta be furious at the states here. The Feds provided $46BN to pay rent. The states couldn’t figure out how to get that money to landlords or tenants. Gross incompetence.

[cabmandone]

Originally Posted by jyl

Gotta be furious at the states here. The Feds provided $46BN to pay rent. The states couldn’t figure out how to get that money to landlords or tenants. Gross incompetence.

No.... gotta be furious at the federal government for even having a moratorium on evictions. If the funding and the lack of distribution can be blamed on states, then the states also should have been able to determine if any such moratorium existed. In this case it's the federal government saying "here's some money to fix the mess we're creating. Good luck!"

[Por_sha911]

Originally Posted by GH85Carrera

I am surprised one of the large corporate apartment complex owners have not filed a suit in federal court.

A Connecticut landlord said on Thursday that he is part of the coalition of housing groups suing the Biden administration and the Centers for Disease Control and Prevention to challenge the latest eviction moratorium.

https://www.foxnews.com/media/landlord-connecticut-34000-crazy-evictions-moratorium

[john70t]

Originally Posted by jyl

Gotta be furious at the states here. The Feds provided $46BN to pay rent. The states couldn’t figure out how to get that money to landlords or tenants. Gross incompetence.

I told U boyz this was another bank robbery.

[Purrybonker]

Originally Posted by tabs

Just making the rich pay their fair share..you can afford it so what are you complaining about...

Talk about wanting to shirk social responsibility...you want the govt to pay for everything and the minute something has to come out of your pocket boy how you cry like a little girl.

Well said, well said. Always the way in our obsessively capitalist world (before you idealogues get all freaky - I refer to our present world that always, disproportionately rewards capital more so than hard work), the rich are constantly whining.

Any gripe about financial equity that contains the statement...

"I own single family homes in five different states (was 6 states but just sold one)...and multiple homes in some states."

These are the type of goobers who have sacked US of A "values" and can't see how their endless greed is ruining the "American dream".