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The States: Where We Wish Texas Would Secede Already

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walrus said:
You think the landlords were ever going to get that back rent otherwise?
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No but without that they would have gotten nothing. Likely would have not been able to rent it out after either meaning the market gets severely depressed. Plus by taking some burden off of the renter they are likely to be able to put money in the economy.
 
Handyman said:
No but without that they would have gotten nothing. Likely would have not been able to rent it out after either meaning the market gets severely depressed. Plus by taking some burden off of the renter they are likely to be able to put money in the economy.
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The point he’s making is that California should have just told the landlords to fuck off. This wasn’t for the renters, it was for the landlords.
 
Handyman said:
No but without that they would have gotten nothing. Likely would have not been able to rent it out after either meaning the market gets severely depressed. Plus by taking some burden off of the renter they are likely to be able to put money in the economy.
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What's going on here is that bank's are putting pressure on the government. It's going to happen pretty soon here in Minnesota as well.

Renters aren't paying landlords. Landlords aren't paying the banks. Eviction and foreclosure moratoriums are basically making banks fund this little adventure, for the time being.

The rental market isn't going to be depressed once these moratoriums end. It's just going to be musical chairs. Thousands of people are going to be evicted because they haven't paid rent for a year. So there will be thousands of people looking for housing. But, coincidentally, there are going to be thousands of units that just opened up and are available. You just don't want to be left outside when the music stops.

I think it'll be interesting to see what sort of behind the scenes "blacklisting" we see with tenants. The big landlords talk among themselves quite a bit, that I know for a fact.
 
dxmnkd316 said:
I actually think this is ****ing genius. Peel money off the stupidest people. You only have so long to strip them of their money because they are in fact so stupid and someone might beat you to it. This is brilliant.
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I have no issue with it either. State brings in however much money they'll get selling licenses to hunt Bigfoot, meanwhile, no Bigfoots(Bigfeet?) ever get shot.

Win win in my book.
 
dxmnkd316 said:
The point he’s making is that California should have just told the landlords to **** off. This wasn’t for the renters, it was for the landlords.
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All that does is kick the can down the road. California can't make them forgive all the past due loans so a bailout was going to have to come some time. Better to do it now before the money is even worse.

I think you are looking at this way to cynically...and remember this is me saying that.
 
SJHovey said:
What's going on here is that bank's are putting pressure on the government. It's going to happen pretty soon here in Minnesota as well.

Renters aren't paying landlords. Landlords aren't paying the banks. Eviction and foreclosure moratoriums are basically making banks fund this little adventure, for the time being.

The rental market isn't going to be depressed once these moratoriums end. It's just going to be musical chairs. Thousands of people are going to be evicted because they haven't paid rent for a year. So there will be thousands of people looking for housing. But, coincidentally, there are going to be thousands of units that just opened up and are available. You just don't want to be left outside when the music stops.

I think it'll be interesting to see what sort of behind the scenes "blacklisting" we see with tenants. The big landlords talk among themselves quite a bit, that I know for a fact.
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If people can't pay rent now they wont be able to in a year either especially if they have an eviction on their record. (which is why the moratorium is super important) Housing will be available but landlords will have to cut the cost or it will be like a lot those condos all over the TC area...empty and worthless. That is what I mean by depressed...prices not supply or demand.

The TC area has needed a correction for a while (things are way too overpriced) and this is, imho, going to be the impetus for that.
 
rufus said:
I have no issue with it either. State brings in however much money they'll get selling licenses to hunt Bigfoot, meanwhile, no Bigfoots(Bigfeet?) ever get shot.

Win win in my book.
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Until someone gets shock because Cletus thought it was a Bigfoot and he has a license to kill him now...
 
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