you were hoping for too much from that user. it’s the “everyone sucks but me and people who think exactly like me aka #klantifa” mentality

I just don't understand how this isn't going to end up as a massive disaster. At least it is very short term, but it would be create less of a backend problem to just give people vouchers to pay their landlords who can't spend this money like cash but can use it to pay their tax bill. Turn a portion of reoccurring unemployment into these federal rent tax vouchers instead of cash and you have true welfare in this area and not just redistributing money to americans who clearly can't prioritize. Dudes on the dole popping of at lids lol. There is a way to help both people and not enable antisocial american tendencies of consumption.

This post was edited by Skinned on Sep 2 2020 05:33pm

please run for politics and save america.


Seriously. we do it with EBT we should be able to do it went rent.

The thing is, a lot of landlords need their rent income to pay off the mortgage, so a voucher to set off against their next tax bill won't help them - many of them need cash to come in, and they need it soon. Same problem as we have with the current solution.


I, personally, agree that some sort of moratorium on evictions was necessary in the current, unprecedented situation. And there are actually provisions in place that should stop abuse:
https://thehill.com/policy/finance/514695-trump-administration-issues-sweeping-eviction-ban-testing-limits-cdc-of



So if someone fraudulently claims to be unable to pay his rent although he did not lose his job to corona or in spite of him still having sufficient savings, the courts should strike down his protection relatively easily.


The article also mentions the real issue: that this moratorium only kicks the can down the road. Most people protected under this EO wont be able to pay all the back rent which becomes due in January, or whenever the moratorium runs out. So a lot of people will either be unable to pay back everything they own to their landlord, or struggle for many years to pay it back through a myriad of mini rates. This, in turn, means that landlords with insolvent tenants will not be able to provide any guarantee to their bank for the timing when their rent income will reliably come back, thus making it impossible to be granted accomodation or a temporary suspension of their mortgage rates. So there's still a huge housing bubble waiting to burst, the underlying problem is not solved, just postponed.

Covid is just accelerating all the trends that already existed. The housing crisis was already there, it's just put in the spotlight as Covid accelerates the problem.

The real issue is the lack of public investment and cow-towing to corporations, which has resulted in shitty wages and an incredibly expansive wealth gap.

Those are important factors, but there's more to it than just reduced public spending on housing.
The housing bubble is also exacerbated by a decade of huge deficits and quantitative easing, leading to massive asset price inflation manifesting itself in the real estate and stock markets.
And it is exacerbated by high levels of internal and external migration, which are both almost exclusively going to the big metros.


Simply put, housing is the one area where all the failed policies of the past 4-5 decades are catching up with us, they're all coming together to form a perfect storm.

It's so refreshing to see Trump supporters go on tirades about "radical leftists" destroying the economy because of poor landlords. Welcome, Donald John Trump, to the radical left.

Also, this should be a rent + mortgage freeze.

But then how are the wealthy going to get wealthier? Can't have a crisis like this and not take the opportunity to exploit the crap out of it.

Wait you cannot kick people out of your house for breaking contract? There must be more to this then meets the eye.
If tenants who don't pay, damage the property or cause some serious disruption ought to be kicked out immediately imo. The banks don't ease up your mortgage because a tenant is going through a rough patch.
On the other hand landlords can be nasty and negligent creatures also. So a tenant should have a good backing of the law on his side also. If both of them are assholes well then they both deserve it.

This post was edited by addone on Sep 3 2020 03:14am

These protections are conditional on actually being affected by covid:


Cases where tenants abuse this rule to cease paying rent although they could afford it should be exceedingly rare. The bigger issue is that these new rules make it even harder to get rid of a "bad" tenant who's damaging the property, which was already a pain in the ass even before covid.