HOUSE COVID BILL INCLUDES 12 MONTH COMPLETE BAN ON EVICTIONS AND FORECLOSURES.

Source: https://www.investmentwatchblog.com/house-covid-bill-includes-12-month-complete-ban-on-evictions-and-foreclosures/
Published: Oct 5, 2020
Author: Chris Martenson
Post Date: 2020-10-05 11:51:54 by Horse
Views: 309

Brad Huston @BradHuston

Well, that didn't take long....

HOUSE COVID BILL INCLUDES 12 MONTH COMPLETE BAN ON EVICTIONS AND FORECLOSURES.

Brad Huston @BradHuston

They don't realize it yet, but U.S. landlords with active renters are about to become part of the largest nationalized public housing project in the history of the world.

Reminiscences of an American Capitalist @4Awesometweet

No evictions

Now I know why Buffett sold his Well Fargo

Boom

Poster Comment:

Never pass the Senate. This is a talking point for Dems sortt of like the $15 minimum wage.

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#1: strepsiptera    To: Horse (#0)

Fuck the Senate. Why do you support forcing people to become homeless who haven’t been able to work since the lockdown started? How do you feel about power shutoffs? Do you support that too?

strepsiptera posted on 2020-10-05 19:38:07   Reply   Private Reply

#2: DWornock    To: Horse (#0)

There is little concern for the property owners that, without rent payment, will not be able to pay for repairs and make mortgage payments. Supposedly, the rent payments are just deferred and the renters will still owe. However, that is nonsense. When they must start making payment and pay for back rent, renters will just move out and never pay. There is nothing the landlords can do. They can hire attorneys to get judgments but they will never collect.

Once burned, twice shy: After that, the cost of renting will be sky- high and many people will not be able to rent at any price without a huge deposit and paying 12 months rent in advance and 80% of renters will not be able to do that.

DWornock posted on 2020-10-06 03:06:49   Reply   Private Reply

#3: Horse    To: strepsiptera (#1)

I am opposed to lockdowns which cause the problems. The problem is the stimulus bill from Pelosi id loaded with gifts to subsidize the cities and states that were the worst lockdown offenders. Her bill is too laden with Dem pork. I don't think she wants a Stimulus because she wants to crash the economy which is why Democrats support the lockdown.

Horse posted on 2020-10-06 06:47:05   Reply   Private Reply

#4: StraitGate    To: DWornock (#2)

Once burned, twice shy: After that, the cost of renting will be sky- high and many people will not be able to rent at any price without a huge deposit and paying 12 months rent in advance and 80% of renters will not be able to do that.

Thank you for that excellent analysis.

The government will undoubtedly use this to justify more government housing thus placing more people under its more direct control. And to transfer yet more wealth from those who earned it to those who didn't.

StraitGate posted on 2020-10-06 08:24:41   Reply   Private Reply

#5: DWornock    To: StraitGate (#4)

And to transfer yet more wealth from those who earned it to those who didn't.

Only if they are middle class or millionaires. The billionaires or the top 0.01% get more wealth.

DWornock posted on 2020-10-06 09:01:38   Reply   Private Reply

#6: BTP Holdings    To: DWornock (#2)

There is nothing the landlords can do. They can hire attorneys to get judgments but they will never collect.

The homeless are living in tent cities under the interstates in California.

Some are living in their vans and even though they might have a job as a bus driver, they cannot afford the rents since they are sky high.

The city has put porta potties at strategic locations in these areas. Not sure how they shower the stink off themselves. ;)

BTP Holdings posted on 2020-10-06 10:18:24   Reply   Private Reply