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Utopia Talk / Politics / Eta on rental units catching fire?
Earthpig
GTFO HOer
Thu Jul 23 20:19:10
You know, mysteriously.
Y2A
Member
Thu Jul 23 20:32:49
?
Earthpig
GTFO HOer
Thu Jul 23 20:44:22
West coast is largely extending the "temporarily" eviction moratorium.

Landlords required to provide a good or service to the public.

Landlords prohibited from enforcing payment for that good or service.

We/I required the mom and pop landlords to have six months payment reserves for the property being purchased, plus 2% of balances of other rental properties' mortgages.

So still 3 months to go if you have 1 rent. 6 or 8? That money is running out.
Y2A
Member
Thu Jul 23 21:21:44
haven't heard about that, I am on naked apartments and StreetEasy for nyc and have definitely noticed a decrease in rents though.
Forwyn
Member
Thu Jul 23 22:58:22
Eviction moratorium but no mortgage hold?

ROFL at Commie shitholes
hood
Member
Thu Jul 23 23:29:52
"Eviction moratorium but no mortgage hold?

ROFL at Commie shitholes"

Wasn't I called a commie for this exact suggestion? The hold on both rents and mortgages.
sam adams
Member
Thu Jul 23 23:56:42
You can tell about the chatacter of the left wing weenies by what they want to make "free".

They always want mortgage to be free, because their voting base is generally kids and losers.

They sometimes say free mortgages too, because that only hurts banks, and might get them a few votes from suburban moderates.

But they never, ever, suggest pausing property taxes.
sam adams
Member
Fri Jul 24 00:04:06
"and have definitely noticed a decrease in rents though."

Well ya, with being pandemicced in an overcrowded overtaxed germ ridden shithole like nyc AND THEN being exposed to left wing riots... half the city is going to try to leave.

Man what a depressing place big east coast cities are. I used to work for an airline in nyc and lived there for about 5 years. Every time i flew back from vacation and drove home from kennedy it was the most depressing thing in the world. And that was way before pandemic.
Y2A
Member
Fri Jul 24 00:15:54
you lived in nyc lol, where staten island, howard beach or some other similar racially paranoid enclave? I imagine you being like john rocker back in the day.
sam adams
Member
Fri Jul 24 00:21:33
LOL! i was just thinking about how john rocker triggered that entire city. Legendary.
hood
Member
Fri Jul 24 01:30:19
"they never, ever, suggest pausing property taxes."

Property taxes aren't federal, stable genius.
earthpig
GTFO HOer
Fri Jul 24 01:54:12
Rent isn't federal either.
jergul
large member
Fri Jul 24 04:58:34
Well, owners have been given significant mortgage relief by the Federal Reserve's rate reduction and QE to give banks liquidity to ease mortgage terms.

Mandating mortgage moratoriums would actually be "communism" (as the alt right likes to use the term).

Struggling owners can and should renegotiate mortgage terms.
Forwyn
Member
Fri Jul 24 08:05:06
"Wasn't I called a commie for this exact suggestion?"

Not by me

"But they never, ever, suggest pausing property taxes."

Can we abolish them? It's always irked me that it's impossible to homestead without an income source or a large nest egg.
hood
Member
Fri Jul 24 08:34:39
"Rent isn't federal either."

Yes, but in this case it wasn't the feds who imposed a rent freeze.
sam adams
Member
Fri Jul 24 09:43:19
"Property taxes aren't federal, stable genius."

Who said anything about federal? Lol dunce.
Rugian
Member
Fri Jul 24 09:53:14
Mortgage defeasances have been pretty extensive this time around. Apparently lenders learned from the GFC that it's really not fun to be a property owner.

That being said, if Covid continues interrupting income streams for several more months, we can't keep kicking the can down the road indefinitely. Owners will need to start evictions and lenders will need to start acting on defaults.
Rugian
Member
Fri Jul 24 09:56:11
And Hood is a full blown commie. A market-oriented solution would allow owners and lenders to use their discretion in determining whether a non-paying tenant/borrower is worth trying to keep afloat. Forcible suspension of rents and mortgage payments is a gross violation of property and legal rights.
Rugian
Member
Fri Jul 24 09:59:20
Oh wow, I really need caffeine. Forbearances.
hood
Member
Fri Jul 24 10:11:25
Caffeine doesn't cure stupid.
sam adams
Member
Fri Jul 24 10:16:08
Says the dunce.
Rugian
Member
Fri Jul 24 10:18:52
Well to be frank, water would probably do more to help my mental acuity right now.
hood
Member
Fri Jul 24 10:19:33
Insults from an autistic tard aren't particularly scathing.
Rugian
Member
Fri Jul 24 10:22:09
Maybe the guy who had a meltdown yesterday over his inability to recognize subtext shouldn't be accusing others of autism.
hood
Member
Fri Jul 24 10:26:44
Meltdown? I made a single sentence comment and you spewed vaginal phlegm all over the place. Stop projecting.
Rugian
Member
Fri Jul 24 10:32:52
A single sentence about going full naxi and traitor, as I recall. Apparently questioning the motives of far left activists really triggers you.
hood
Member
Fri Jul 24 10:40:49
Yes, I'm so triggered by it that I... repeated insults I've been lobbing at you for months/years?
Rugian
Member
Fri Jul 24 10:44:15
Well, normal people usually have to have, you know, a reason for such serious accusations.

So if you can prove that I support committing acts of genocide and overthrowing the US government, be my guest.
hood
Member
Fri Jul 24 10:57:59
^ he says, completely forgetting his use of "commie" has less supporting evidence than my use of nazi.
Rugian
Member
Fri Jul 24 11:15:37
My evidence for calling you a commie is due to your prior statements indicating a clear disregard for property rights, combined with your constantly attacking anyone who utters an opinion that isn't sufficiently leftist for your taste.

I'll wait for your evidence that I support committing acts of genocide and engaging in sedition against the United States.
sam adams
Member
Fri Jul 24 14:11:00
Hood has been getting his panties wet fairly consistently since the blm thing started.
Dakyron
Member
Fri Jul 24 17:26:23
Also an eviction moratorium here until October. I think it is reasonable, but scumbags will take advantage, just like they did with the housing crisis.
earthpig
GTFO HOer
Fri Jul 24 22:35:09
"Well, owners have been given significant mortgage relief by the Federal Reserve's rate reduction and QE to give banks liquidity to ease mortgage terms."

Rental property rates have gone up as owner occ rates have gone down. Risk.
earthpig
GTFO HOer
Fri Jul 24 22:36:51
"Mortgage forbearances have been pretty extensive this time around. Apparently lenders learned from the GFC that it's really not fun to be a property owner."

It wasn't generosity or learning, the fed gov't mandated it.
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