Impending tsunami of evictions

[look 171]

Originally Posted by Purrybonker

Seems like much hubris on display here.

Rent seekers are possibly amongst the least contributing form (I too confess to being a landlord) of capitalists amongst the capital obsessed world we live in and seem to adore.

They contribute nothing, zero, zip, ziltch to the general advancement and well being of society.

In fact, as we have seen recently as housing has become an extremely inflationary force in recent times (perhaps largely because of Covid), we see huge corporations investing billions buying up housing as rental properties to take advantage of increased demand in the face of housing shortages.

It is obvious that home occupancy costs can only see upward pressure in such an environment.

This can only be deleterious for all of our general well being. More homeless? More people unable to afford the simple basics of life?

Who wants to live in such a world, or sees such pressures as a positive force?

I guess I'm suggesting that this, in particular, is an environment where we probably would benefit as a society from government involvement and control.

Business people, people who develop new concepts, industries and inventions, these are the capitalists that advance our world.

People and corporations with simple wealth, owning housing, particularly as a predatory profit motive contribute nothing and are, in fact a net negative to the advancement of our world.

Just my HO.

Ok, I agree with you to a certain extend, so lets hear your suggestions?

I have two SFRs left empty since covid. My very nice tenants informed me of her job lost at the very beginning of covid, writer, the other, studio lighting. I let them go without holding them to their least. Its the right thing to do, so they left for their home states. The thought of renting to someone else without eviction puts the fear of god in me also, knowing they can destroy the place in front of my very eyes and it has to be repaired on my dime (while they walk away free and clear of anything but a F you). Eviction takes about 5-7000 bucks here and it takes 6 months normally. Now, with the courts backed up, it may take up to a year or more (another year of free rent). My other dead beat, has a job, but decided to not pay me since the announcement of this BS none eviction. I have to believe that there's still great and honest people out there. My other tenants that rent my SFRs have been fantastic, pay on time and never any issue. In the mean time, I am paying to repair small tears in the screens, pay whatever fees and permits they deem necessary so they can keep their pay scale up at about 95k a year sitting behind their desk working for the city raping us of every fees possible. These are the people you suggested that should regulate or be involve in my life long investments and the huge risks I have taken to get here. Tell me how they benefit me with their involvements? My ears are now opened.

[look 171]

Oh, one more thing about the homeless. When I was up in Vancouver a couple years ago, I saw little homeless folks. Come down here, the whole of North America's bums are living here. I tell you this, the willing group of homeless are a very small percentage and I agree, they struggle. Most of them are just simple bums, drunks, and druggies, young, prime working age that just want to get high and hang out. This has nothing to do with housing going through the roof. If so, they can go home or to a state that has affordable housing. Why come to the most expensive state or city and btich about the cost of housing or living? That's the biggest crock I have heard.

[Purrybonker]

Originally Posted by look 171

Ok, I agree with you to a certain extend, so lets hear your suggestions?

Well, maybe my suggestion is that the basic elements of life perhaps shouldn't be buffeted and exposed to financial market conditions.

So many people are obviously around us, we can call them lazy, ignorant, attach whatever label we want - they are clearly unable to compete in a competitive world.

By "compete" I mean that they lack either the brains, the mental stability (eg drug abuse) or the environmental background to enable them to succeed.

We can blame them, label them, call them lazy. Labelling fixes nothing. Calling them down will not reduce the numbers of rent defaulters or homeless lining our streets.

It's fine to have a competitive world, but it should be competitive only on the basis of a fundamentally level playing field. Everyone should have uncompetitive access to the basics. Housing, healthcare, food.

Beyond the basics, compete all you want.

On an actual policy level you have me - I admit to having little in the way of answers.

It seems that we need to have a form of government that addresses inequality in a systemic way, in terms of the basic needs of life. Access to healthcare and housing.

All I'm saying is that, as an investor, if you don't like the environment - get the heck out of it. Your counter-parties are probably worse off than you.

You saw few homeless in Vancouver?

Well, you just didn't go the right places. In East Vancouver the streets are literally lined with thousands of drug addicted homeless.

https://www.youtube.com/watch?v=JySkNS4UceU.

Many of these people "live" in single room "hotels" owned by billionaires that milk these street people of their welfare money. The streets reek of piss and piles of human crap are evident everywhere. Daily drug OD's easily eclipse COVID deaths.

Vancouver is a freak show and a national embarrassment as to how we treat the weakest people in our society.

But I digress I suppose.

[sewell94]

Originally Posted by Purrybonker

Well, maybe my suggestion is that the basic elements of life perhaps shouldn't be buffeted and exposed to financial market conditions.

So many people are obviously around us, we can call them lazy, ignorant, attach whatever label we want - they are clearly unable to compete in a competitive world.

By "compete" I mean that they lack either the brains, the mental stability (eg drug abuse) or the environmental background to enable them to succeed.

We can blame them, label them, call them lazy. Labelling fixes nothing. Calling them down will not reduce the numbers of rent defaulters or homeless lining our streets.

It's fine to have a competitive world, but it should be competitive only on the basis of a fundamentally level playing field. Everyone should have uncompetitive access to the basics. Housing, healthcare, food.

Beyond the basics, compete all you want.

On an actual policy level you have me - I admit to having little in the way of answers.

It seems that we need to have a form of government that addresses inequality in a systemic way, in terms of the basic needs of life. Access to healthcare and housing.

All I'm saying is that, as an investor, if you don't like the environment - get the heck out of it. Your counter-parties are probably worse off than you.

You saw few homeless in Vancouver?

Well, you just didn't go the right places. In East Vancouver the streets are literally lined with thousands of drug addicted homeless.

https://www.youtube.com/watch?v=JySkNS4UceU.

Many of these people "live" in single room "hotels" owned by billionaires that milk these street people of their welfare money. The streets reek of piss and piles of human crap are evident everywhere. Daily drug OD's easily eclipse COVID deaths.

Vancouver is a freak show and a national embarrassment as to how we treat the weakest people in our society.

But I digress I suppose.

You are missing 2 major points,

First, the world is not equal, it will never be equal, you cannot legislate or tax people into making it equal . We are not the same, people will never be the same. The cards humans are dealt when they born are completely different from everyone else. There is no way to make it equal. I believe in equal rights, but actual equality is not possible. I’m a 5’8 (on a short tape measure) Italian male, you do not hear me complaining I’m not in the NBA.

Second, We have a ACCOUNTABILITY problem, no one wants to be accountable for their actions. It is always someone else’s fault. Most of these people are LAZY. F*CKING LAZY!!!!! Why are they lazy, because someone else will take care of them, there is no consequences, there is no reason for them to go do anything. They have no reason to “compete”, why compete when you get the trophy for nothing. People who whine , cuddle, and make excuses for these people are a major part of the problem. It promotes this culture of someone else will take care of it for me, which will be the downfall of our society. There are many options for people who want to get legitimate help.

It is not about competing in society, it is about Contributing.

But I digress I suppose

[GH85Carrera]

Originally Posted by sewell94

You are missing 2 major points,

First, the world is not equal, it will never be equal, you cannot legislate or tax people into making it equal . We are not the same, people will never be the same. The cards humans are dealt when they born are completely different from everyone else. There is no way to make it equal. I believe in equal rights, but actual equality is not possible. I’m a 5’8 (on a short tape measure) Italian male, you do not hear me complaining I’m not in the NBA.

Second, We have a ACCOUNTABILITY problem, no one wants to be accountable for their actions. It is always someone else’s fault. Most of these people are LAZY. F*CKING LAZY!!!!! Why are they lazy, because someone else will take care of them, there is no consequences, there is no reason for them to go do anything. They have no reason to “compete”, why compete when you get the trophy for nothing. People who whine , cuddle, and make excuses for these people are a major part of the problem. It promotes this culture of someone else will take care of it for me, which will be the downfall of our society.

It is not about competing in society, it is about Contributing.

But I digress I suppose

This for sure. I was not born with the good looks genes. One of my friends in was a guy that looked like a model. Women chased him all the time. I never had that problem. He ended up knocking up a chick that he later described as the sister of the devil and a sister of a snake. He pays a ton in child support for kids he never gets to see anymore.

I got my butt out of bed every single work day all my life and earned a living. Lots of co-workers had the Monday morning flu and did not show up until Tuesday.

[Dantilla]

Purrybonker, I wish we could sit down, face-to-face, and discuss why you think this way.

If we need more housing, why piss on the people who provide housing?

[pwd72s]

we all believe in an equal starting line...but no legislation can create an equal finishing line.

[sugarwood]

Originally Posted by GH85Carrera

He pays a ton in child support for kids he never gets to see anymore.
.

How old is this friend of yours who still pays child support?

[daepp]

Originally Posted by Purrybonker

Rent seekers (do you mean landlords?) are possibly amongst the least contributing form (I too confess to being a landlord) of capitalists amongst the capital obsessed world we live in and seem to adore.

They contribute nothing, zero, zip, ziltch to the general advancement and well being of society. (If you're referring to landlords, they do contribute a great thing for society: namely, housing.)

It is obvious that home occupancy costs can only see upward pressure in such an environment. (I'm not sure if you see this, and they are not in parity, but rising housing costs leads to hire wages. Free markets eventually but always return to their equilibrium.)

I guess I'm suggesting that this, in particular, is an environment where we probably would benefit as a society from government involvement and control. (Have you ever seen government housing? I have. We sponsor families in them, we go inside the units - why in the world would you want the government to run housing? Do you miss the very obvious fact that the majority of the people in this country do make their rent and mortgage payments without government assistance? And live in decent places? But you'd scrap all of the good just because the status quo isn't perfect?)

Business people, people who develop new concepts, industries and inventions, these are the capitalists that advance our world. (And by putting the government in charge, you will stifle all such innovation and advancements. Why innovate if there's no reward? Tell me about all the innovations and advancements that have come from communist countries.)

People and corporations with simple wealth, owning housing, particularly as a predatory profit motive contribute nothing and are, in fact a net negative to the advancement of our world. (I am a landlord. I rent out clean and safe single family homes - to families. And I make a profit. How in the world is that predatory?)

Oh, by the way, I am also the sole owner of a corporation. I have about 110 employees at the moment. And I care deeply about every single one of them. Corporations are not, by definition, evil.

[look 171]

Dave, when you do it, and make money at it, you are evil, but when he does it, he's helping out society or the needy. He fits in well with most if not all my neighbors.

[look 171]

BTW Dave, I am not buying any more but SFR in the city of LA. Even SFR, it will eventually fall under rent control or to be under some kind of gov. control. This is a sinking ship. It all happened within the past 5-8 years.

[McLovin]

Originally Posted by look 171

Dave, when you do it, and make money at it, you are evil, but when he does it, he's helping out society or the needy. He fits in well with most if not all my neighbors.

And the LA City council and mayor.
They all share the same philosophy on housing providers.

[Tobra]

Originally Posted by Dantilla

Purrybonker, I wish we could sit down, face-to-face, and discuss why you think this way.

If we need more housing, why piss on the people who provide housing?

It is because he lives in the land of Theoretical, and appears undisturbed by the facts of life for a landlord in California. He also appears unaware pf the attack on the middle class here.

He must be very wealthy

[look 171]

Mr. Bonker may think otherwise, but all the politicians have their hands in the same cookie jar as the rest of the, good or bad, land lords only that they pass laws to help themselves along and cock block others who actually bust our asses to get there so they can have it all to themselves.

[wdfifteen]

Originally Posted by Purrybonker

Well, maybe my suggestion is that the basic elements of life perhaps shouldn't be buffeted and exposed to financial market conditions.

So many people are obviously around us, we can call them lazy, ignorant, attach whatever label we want - they are clearly unable to compete in a competitive world.

By "compete" I mean that they lack either the brains, the mental stability (eg drug abuse) or the environmental background to enable them to succeed.

We can blame them, label them, call them lazy. Labelling fixes nothing. Calling them down will not reduce the numbers of rent defaulters or homeless lining our streets.

It's fine to have a competitive world, but it should be competitive only on the basis of a fundamentally level playing field. Everyone should have uncompetitive access to the basics. Housing, healthcare, food.

Beyond the basics, compete all you want.

I absolutely agree. We, as a society have to decide which side we come down on, leave those labeled people to fend for themselves regarding food, housing, and health care or provide it for them.
The USA comes down in the middle. We pretend we expect them to compete, but we provide housing, healthcare, and food in the most backhanded and inefficient ways possible, while pretending we don't.
Everyone gets healthcare. If you present at an ER they may ask you how you intend to pay, but if you tell them point blank you aren't going to they still treat you - and you get health care in the most expensive way available. It's the law.
Food assistance comes from the Department of Agriculture, of all places. Housing comes from another department with it's own additional bureaucracy.
We need to stop pretending the labeled people don't exist and set up an efficient, comprehensive way of doing what we are doing now in an insanely inefficient, disorganized way.

[gordner]

What I do not get about those that go off on "rent seekers" in general is, what do you think the alternative is? There will always be a period in life wherein people set out on their own, but cannot yet afford a home purchase. So what, tents?

[fastfredracing]

We could theoretically say the same thing about people who invest in the stock market .
I wonder what song you would be singing Mr Purrybonker, if the cdc decided a moratorium on your investments was necessary to get us through this pandemic .
I think people who have always had a silver spoon in their mouth, have no idea how hard us little guys have had to push to get even slightly ahead .

[sewell94]

Originally Posted by wdfifteen

I absolutely agree. We, as a society have to decide which side we come down on, leave those labeled people to fend for themselves regarding food, housing, and health care or provide it for them.
The USA comes down in the middle. We pretend we expect them to compete, but we provide housing, healthcare, and food in the most backhanded and inefficient ways possible, while pretending we don't.
Everyone gets healthcare. If you present at an ER they may ask you how you intend to pay, but if you tell them point blank you aren't going to they still treat you - and you get health care in the most expensive way available. It's the law.
Food assistance comes from the Department of Agriculture, of all places. Housing comes from another department with it's own additional bureaucracy.
We need to stop pretending the labeled people don't exist and set up an efficient, comprehensive way of doing what we are doing now in an insanely inefficient, disorganized way.

You use the term compete..... Why not contribute?

How long does this last? How long can we have a large percentage of of people just taking from scoiety? How long will China keep taking our inflated soon to be worthless dollars? Thats when this all comes down, our lazy are being carried on the backs of cheap Chinese labor, and when that ends we are in trouble. Maybe when almost all menial jobs are automated we will be able to just give everyone a minimum of what they need to live, but we are not there yet. In the meantime, Thankfully that 14 year old chinese girl in the sweatshop is working so hard so some lazy American breeder can sit on their azz while flipping between CNN and the Real HouseWives of make Believe complaining that life is not fair.

I agree we do need to quit pretending, we need to quit pretending that alot of these people are not leaches on society. Most of them are able body and can contribute in some way. I am all for people who need help getting help, help for bettering themselves. BUT help should not end up being a career. That is not help that is a handout. Every person in this country is given a chance. You want to to college, guess what the money is available for everyone, no one gets turned down. Almost all of the unions have paid apprenticeship programs. There is as much opportunity in this country currently to better ones self as any other time in human history. The problem is most people feel like they deserve it , that it should be handed to them, and do not want to earn it. And people with half a brain stick up for them..

There are help wanted signs everywhere, businesses are begging for workers, the only reason not to be employed currently is becuase you do not want to be.

[Skillet83]

Originally Posted by Purrybonker

Well, maybe my suggestion is that the basic elements of life perhaps shouldn't be buffeted and exposed to financial market conditions.

So many people are obviously around us, we can call them lazy, ignorant, attach whatever label we want - they are clearly unable to compete in a competitive world.

By "compete" I mean that they lack either the brains, the mental stability (eg drug abuse) or the environmental background to enable them to succeed.

We can blame them, label them, call them lazy. Labelling fixes nothing. Calling them down will not reduce the numbers of rent defaulters or homeless lining our streets.

It's fine to have a competitive world, but it should be competitive only on the basis of a fundamentally level playing field. Everyone should have uncompetitive access to the basics. Housing, healthcare, food.

Beyond the basics, compete all you want.

On an actual policy level you have me - I admit to having little in the way of answers.

It seems that we need to have a form of government that addresses inequality in a systemic way, in terms of the basic needs of life. Access to healthcare and housing.

All I'm saying is that, as an investor, if you don't like the environment - get the heck out of it. Your counter-parties are probably worse off than you.

You saw few homeless in Vancouver?

Well, you just didn't go the right places. In East Vancouver the streets are literally lined with thousands of drug addicted homeless.

https://www.youtube.com/watch?v=JySkNS4UceU.

Many of these people "live" in single room "hotels" owned by billionaires that milk these street people of their welfare money. The streets reek of piss and piles of human crap are evident everywhere. Daily drug OD's easily eclipse COVID deaths.

Vancouver is a freak show and a national embarrassment as to how we treat the weakest people in our society.

But I digress I suppose.

That is all well and good, there is help and services for those that actually want it, albeit few do. But, that does not give them the right to a free ride in my rental, boundary crossed.

[wdfifteen]

Originally Posted by sewell94

You use the term compete..... Why not contribute?

How long does this last? How long can we have a large percentage of of people just taking from scoiety? How long will China keep taking our inflated soon to be worthless dollars? Thats when this all comes down, our lazy are being carried on the backs of cheap Chinese labor, and when that ends we are in trouble. Maybe when almost all menial jobs are automated we will be able to just give everyone a minimum of what they need to live, but we are not there yet. In the meantime, Thankfully that 14 year old chinese girl in the sweatshop is working so hard so some lazy American breeder can sit on their azz while flipping between CNN and the Real HouseWives of make Believe complaining that life is not fair.

I agree we do need to quit pretending, we need to quit pretending that alot of these people are not leaches on society. Most of them are able body and can contribute in some way. I am all for people who need help getting help, help for bettering themselves. BUT help should not end up being a career. That is not help that is a handout. Every person in this country is given a chance. You want to to college, guess what the money is available for everyone, no one gets turned down. Almost all of the unions have paid apprenticeship programs. There is as much opportunity in this country currently to better ones self as any other time in human history. The problem is most people feel like they deserve it , that it should be handed to them, and do not want to earn it. And people with half a brain stick up for them..

There are help wanted signs everywhere, businesses are begging for workers, the only reason not to be employed currently is becuase you do not want to be.

So what solution do you propose?