ManaByte
Gold Member
What does this have to do with the OP?
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Gavin Newsom: California will pay landlords all due rent accumulated during the Coronavirus rent freeze period
- Thread starter godhandiscen
- Start date
What does this have to do with the OP?
TGO
Hype Train conductor. Works harder than it steams.
You a landlord or something?
It's just the way you worded it is why I'm asking.
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HellforLeather
Member
If only there was this level of salt for all the corporate bailouts.....
Its not a great solution but in this scenario, where millions of people were put out of work by the government, this is the only solution that I can see. We can all armchair QB the shut downs till the cows come home but they happened and we have to deal with the fallout of it.
StreetsofBeige
Gold Member
Singular7
Member
As a rental property owner, this is great. (fortunately I don't live in the wasteland of CA so this wasn't a problem for me)
As a logician and reasonable person, what a calamity of terror these moronic covid cultists running the most terrible series of economic decisions in world history have wrought upon us.
At this point: I'm going to exploit this broken system as much as possible. Escape taxes as much as possible. Move to Puerto Rico or possibly buy property in Mexico to escape.
My properties are up 30% in a year..... and yes, I'm complaining about that, because its unsustainable. I'll sell them when inflation really kicks in and I'm up 300%.
We're approaching the collapse event, but its probably going to take awhile to play out as the money printer aimed at the USD isn't having its affect until full employment and rising wages strike.
The US seems on a collision course to repeat 1917 Russia
As a logician and reasonable person, what a calamity of terror these moronic covid cultists running the most terrible series of economic decisions in world history have wrought upon us.
At this point: I'm going to exploit this broken system as much as possible. Escape taxes as much as possible. Move to Puerto Rico or possibly buy property in Mexico to escape.
My properties are up 30% in a year..... and yes, I'm complaining about that, because its unsustainable. I'll sell them when inflation really kicks in and I'm up 300%.
We're approaching the collapse event, but its probably going to take awhile to play out as the money printer aimed at the USD isn't having its affect until full employment and rising wages strike.
The US seems on a collision course to repeat 1917 Russia
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Singular7
Member
Good tenants ... so hard to find.
I'll decrease rent to keep good people.
I'm convinced only property owners should be allowed to vote to protect us from these nutjobs
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godhandiscen
There are millions of whiny 5-year olds on Earth, and I AM THEIR KING.
Yeah, I also feel that there is a bigger strategy here besides just making landlords here.
I'm convinced only property owners should be allowed to vote to protect us from these nutjobs
Property owning hedge funds and banks voting for good of the serfs, kekekek. This future is a possibility.
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SafeOrAlone
Banned
That $600 stimulus for $75k and below sure did disappear quick, didn't it?
AJUMP23
Parody of actual AJUMP23
I'm convinced only property owners should be allowed to vote to protect us from these nutjobs
Just like the founders intended.
I am also a landlord but I would never say that I could only vote. How about only people that pay taxes can vote?
This was just a mess from the beginning. They shouldn't have banned evictions from the beginning, which left landlords with no options and a non-paying tenant. The only people who really made out on this were the non-paying tenants, the landlords are just getting the rent they should have gotten without the eviction ban. There were a lot of legit people in need with this, but there were a lot just taking advantage too.
Chaplain
Member
Good point. Wrong thread. Lol
Singular7
Member
Tax payers don't weed out enough of the loons we need to prevent from voting.
Own property, a stake in the outcome of the society, or no say. Like the founders intended
We aren't a democracy for a good reason!
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DeepBreath87
Banned
Except I am completely opposed to the corporate bailouts as well. I get the unfairness of the government getting people fired and then not helping them if they can’t pay the bills. I’m not for that.
But I am not for a system where the government swoops in to pay the bills of people who couldn’t meet their responsibilities, while at the same time, the people who sacrificed to meet their responsibilities get jack shit. It’s punishing people for doing the right thing. And considering how much money the government just gave away to scammers with unemployment, you just know they’re going to do the same thing here.
There has to be a solution that isn’t a giant middle finger to the people who paid their bills this year.
Infiltrator Irelia
Banned
Fortunate that they were not unlucky enough to be in a position where their very lives are threatened by circumstances that they had zero control over. There question answered. Just because it didn't happen to YOU this time, doesn't mean it can't and won't in the future.
HellforLeather
Member
I understand where you are coming from but this whole scenario just isnt fair to anybody. It wasnt fair for the Govt to decide which industries were essential and which ones weren't. I also agree that it seems like a bum wrap for those that were able to keep it together but having millions of people suddenly go into extreme debt isnt good for anybody.
We don’t need or want your empathy, we have kids and have been constantly saying we are the lucky ones (even though I lost my job) to not have to go through the stress. You are talking in circles, do you want the people who didn’t have jobs to go more in debt? It’s as simple as that. Most of the people that could pay their rent couldn’t give a shit if the people that couldn’t were helped by government we put in place, otherwise what the fuck is the government there for? They are fixing the shit they broke; MORE POWER TO THEM! Otherwise get rid of the government and let society crumble. PS: The people with kids got money from the government too (I saw someone even complain about it on here lmfao) with or without having a job, so they are “fine” without your empathy. The people who want less government always makes me laugh because they are also the same ones that want the government to tell people what to do with their bodies.
StreetsofBeige
Gold Member
At some point there's got to be a story about lobbying and which companies lobbied government to leave open as essential but close down ones not.
I still don't get how in my area McDonalds and KFC were allowed to be open basically the entire time, yet opticians and medical clinics were closed for stretches of time.
Prof. Tivor Tontomo
Banned
The state is already near bankrupt. May as well give all California's $25,000 check for one year minimum salary if make less than 60 a year.
DeepBreath87
Banned
What the hell are you talking about? Aren’t you the guy who was just complaining about my lack of empathy? Now you don’t want empathy? And I’m talking in circles? Ok buddy. I’m not talking in circles. I’m being completely consistent. There are any number of ways to allow people to pay what they owe.
I’ve come up with several just in this thread. Allow an interest free government loan that is payed back via taxes over 15-20 years. You could even structure it where to loan is forgiven after a certain amount of time if certain criteria is met. But just gifting people tens of thousands of dollars because they didn’t pay their bills is bullshit to anyone who did. Pretending working people don’t care is a joke. I can promise you that most do.
StreetsofBeige
Gold Member
Theres one thing you are forgetting though.
Broke people love voting for whichever person/party gives the most free shit. Gavin Newsom giving away free rent just got him tons of votes already for next election.
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sol_bad
Member
So people who were previously able to pay their rent but couldn't during Covid should have been kicked to the streets and become homeless? Wouldn't they just be using your tax money in other ways if they became homeless?
You can’t promise me shit. No the government should pay me back all my lost wages, I’ve been paying taxes for years! Don’t shackle me with another “loan” upon the taxes I’m already fucking paying.
Lmao of having empathy for people who do not want it (because they can pay their fucking bills), and ignoring the ones I said you have no empathy for…
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sol_bad
Member
So give people a loan that comes from tax payers money and then pay that loan off with tax payers money? It's still coming from tax money either way.
DeepBreath87
Banned
The “borrower” would pay the loan via their state taxes over a period of time. Similar to student loans, which the (federal) government already manages. It could be forgivable after a period of time. Something where we are wiping the slate in terms of allowing them to stay in their home without completely absolving them of the debt in a way that seems disrespectful to people who paid their bills over the past year.
DeepBreath87
Banned
I don’t ignore them. But having empathy for someone who the government is about to gift 10s of thousands of dollars for not working is asking for a bit. Maybe you should be grateful. I’m empathic of the guy who worked his ass off this past year to pay the bills who is now wondering why they bothered. The family living paycheck to paycheck who was “essential” enough to show up in the middle of the pandemic who is now getting a pat on the head.
So no, while I am sympathetic to people who lost their job do to the government closing down their place of work, I don’t support the government also rewarding people who have debts while providing the people who did work with nothing. I have a lot more empathy for the working people, because they earned it.
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down 2 orth
Member
Naw bro, cutting tax. Not ending tax.
As much as I dislike government interference, in the very best case it should play a minor role in society.
sol_bad
Member
Student loans are paid via tax?
How do you improve society and help the needy with lower tax?
Virt McPolygon
Banned
You got a reputable source?
Guileless
Temp Banned for Remedial Purposes
You may or may not consider California officials to be reputable.
California: Criminal rings loot billions in jobless funds
GeekyDad
Gold Member
'Tis a shame most people don't seem to realize that the bulk of these landlords likely represent massive companies such as Black Rock, not the "little guy" landlords. Politicians routinely do not make any decisions to help the little guy. I wouldn't think this was done on anyone's behalf other than the lords of land, not the everyday landlords.
DeepBreath87
Banned
No. Student loans are not paid via taxes. But this could be structured that way. Or it doesn’t have to be. It think if you garnished it from people’s tax, that would be easier. Structure it so you pay back one month of back rent a year. So you owe a years worth of back rent? You pay back one month a year for 12 years. The government fronts the money to the landlord and the tenant pays back to government at zero interest in the way I described. You could even incentivize payment by doing some sort of loan forgiveness after a certain amount of time.
You could even structure it where if you continue to be under a certain income level because you lost your job and still cannot find one, your loan is deferred until you do. There are ways to do this. But of course it’s easier to just give money to people while giving the middle finger to people who met their obligations.
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BlitzerRadic
Member
Speaking as a SF Bay Area landlord - Any tenant behind on rent that does not engage their landlord in some sort of plan for eventual repayment is a squatter IMO. I am willing to forgive a portion of back rent if a tenant who is behind is genuine in their efforts for repayment. All of my tenants who owe 10K+ in back rent are squatters.
AJUMP23
Parody of actual AJUMP23
You know this program is going to be raided the same way.
Nobody_Important
“Aww, it’s so...average,” she said to him in a cold brick of passion
They had no choice but to ban evictions. You can't just evict millions of Americans and not expect there to be a monumental backlash. They did what they could.
There was no good answers or options for what happened in 2020. It was everyone doing their best to get through it from the top down.
down 2 orth
Member
That's a really interesting question, and it's one that's played out in history over thousands of years.
Government officials across geography and time (the rare ones who seem to sincerely care about the regular folk) tend to arrive at this answer: the ruler(s) want to take as much as they can from the people without the people rising up in rebellion. We (the officials) need to maintain our military so that our neighbors don't even think about invading us. But the more we take from the people, the less they have, and the easier it is for them to go into debt. And if the money-lenders/land-owners/gentry become too powerful, then they will take over. So there should be a balance.
Every now and then (but very rarely) a ruler or his or her advisors decide to take less than they usually take, and the people are better off. Even more rare is when a group of activists take over a government and decide to take more from the people "for the good of the people." When this doesn't render the people worse off, it ends up as a fuck-up of epic proportions, with the next government in power vowing never to do anything like that again.
So really, you kind of answered your own question: how you help society and the needy is with lower tax.
I mean they did provide a baseline of like $50k income for those unemployed...that should have been enough to carry almost everyone through after the initial 3 months (where banning evictions was probably a good thing). I should probably clarify my statements. Banning evictions initially was probably a good thing. But after 3 months and the high level of unemployment was given along with all the stimmy checks, then it doesn't really seem like the eviction ban should have continued for like 15 more months.
Infiltrator Irelia
Banned
There are people here who are actively calling for the creation of a new generation of homeless people -- the heart of the middle class. Unbelievable.
StreetsofBeige
Gold Member
For evictions, if government wants to ban them for whatever reason (covid, middle of winter, etc...), that's fine. But if gov wants to do that, then they better pay up and cover landlords for renters getting a break.
You cant enforce a policy which one side gets gimped and expect them to cover it themselves out of pocket.
You cant enforce a policy which one side gets gimped and expect them to cover it themselves out of pocket.
Halo is Back
Member
If the government told them they can't work and forced them, then they owe those people some compensation. That is where I stand.
godhandiscen
There are millions of whiny 5-year olds on Earth, and I AM THEIR KING.
Last week I made a thread in which I was concerned about the same issue as you, but it got closed with some statistic that implied that the bulk of entities renting out property are individual investors, and not hedge funds.
Post in thread 'Bloomberg: America should become a nation of renters'
https://www.neogaf.com/threads/bloo...me-a-nation-of-renters.1610837/post-263942031
So either your concern for hedge funds being the majority of entities bailed out by this move is wrong, or the concern for the majority of rental property in America being absorbed by hedge funds is wrong. Both cannot be right or wrong at once.
I am inclined to agree with you
GeekyDad
but the accepted position in mainstream media right now is that there is not an issue with hedge funds buying property, and it is your neighbor being a landlord that is at fault; see the linked hedge fund defense by The Atlantic for example.
BlackRock Is Not Ruining the U.S. Housing Market
The real villain isn’t a faceless Wall Street Goliath; it’s your neighbors and local governments stopping the construction of new units.
www.theatlantic.com
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EverydayBeast
ChatGPT 0.1
Sustainable rent could create a solution to the housing crisis, a good owner, government etc. play important parts in a community.
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