Latest Coronavirus - Yikes

[82_VOL_83]

So what about the people who are renting the properties to these tenants? Are they SOL? What if they will lose these homes to banks because they won’t be able to pay the mortgages? Or apartment complexes not able to their loans? It’s pretty short sighted to do what you say. So no thank you. You will add millions more major problems due to a potential banking collapse. You can’t just say ok no nobody pays anything. Someone will get left holding the bag. That will lead to further job loss and economic destruction. As far as your $5k a month you are drunk. So every married family is getting $120,000 a year. Yea screw it. Why don’t we just do that forever?

I think your sarcasm meter got brokeded.

 

[McDad]

So what about the people who are renting the properties to these tenants? Are they SOL? What if they will lose these homes to banks because they won’t be able to pay the mortgages? Or apartment complexes not able to their loans? It’s pretty short sighted to do what you say. So no thank you. You will add millions more major problems due to a potential banking collapse. You can’t just say ok no nobody pays anything. Someone will get left holding the bag. That will lead to further job loss and economic destruction. As far as your $5k a month you are drunk. So every married family is getting $120,000 a year. Yea screw it. Why don’t we just do that forever?

His tongue was in cheeks.

A little freaky if you ask me but who am I to judge.

 

[volfanhill]

I think your sarcasm meter got brokeded.

You are correct the $5k a month should have triggered it. Sorry. It’s like the 3rd time in the last week I have heard someone say we’ll just stop making people pay rent. It makes my head hurt.

 

[McDad]

You are correct the $5k a month should have triggered it. Sorry. It’s like the 3rd time in the last week I have heard someone say we’ll just stop making people pay rent. It makes my head hurt.

I worked with any of my 5 tenants who needed it. My bank deferred my mortgage payments for 3 months. My wiggle room as a landlord is depleted.

 

[volfanhill]

I worked with any of my 5 tenants who needed it. My bank deferred my mortgage payments for 3 months. My wiggle room as a landlord is depleted.

Stressful for sure. One my peers owns and rents out 12 homes in Knoxville. He is close to freak out level. I advised him to sell them when he can while the housing market is still standing. But that will mean a lengthy eviction process.

 

[McDad]

Stressful for sure. One my peers owns and rents out 12 homes in Knoxville. He is close to freak out level. I advised him to sell them when he can while the housing market is still standing. But that will mean a lengthy eviction process.

That is a really tough spot to be in. Judges are not to keen on tossing someone out when circumstances are bad. And pandemic is unprecedented. No investor will buy with bad tenants in unless at a steep discount. How long has your peer been landlording?

 

[volfanhill]

That is a really tough spot to be in. Judges are not to keen on tossing someone out when circumstances are bad. And pandemic is unprecedented. No investor will buy with bad tenants in unless at a steep discount. How long has your peer been landlording?

He’s my old boss too. So 18 years. His property has expanded over time. I am not sure how many of his renters are defaulting right now. He didn’t share that with me. I know he’s not in a great cash position. He has always dropped it all in real estate.

 

[McDad]

He’s my old boss too. So 18 years. His property has expanded over time. I am not sure how many of his renters are defaulting right now. He didn’t share that with me. I know he’s not in a great cash position. He has always dropped it all in real estate.

if he can make it through this mess, he can make it through anything. And I hope he does.

 

[SmokyRiverDog]

Nearly 100k children tested positive for COVID-19 in last two weeks of July



In addition to a vaccine I would also like this pandemic to find a cure for **** data.

Very surprised at this data trend right before school is set to begin in many areas. This virus is unique with the intelligence to attack different people at the most opportune times.

 

[DancingOutlaw]

That is a really tough spot to be in. Judges are not to keen on tossing someone out when circumstances are bad. And pandemic is unprecedented. No investor will buy with bad tenants in unless at a steep discount. How long has your peer been landlording?

The problem is it's a circle of ****. It's **** the tenant can't work. It's **** the landlord paying the taxes and note can't collect. It's **** the bank can't get the cash in the door to leverage and loan out to the next business to create jobs for tenants to pay rent. But the average person in this country is so completely braindead they think every landlord is Uncle Moneybags and every bank has a trillion dollars so they'll be fine. But if every renter has that mentality every landlord and bank exposed to this are screwed.

Btw the strategy of more government money is the most **** solution of all.

 

[0nelilreb]

if he can make it through this mess, he can make it through anything. And I hope he does.

I’m thinking about kicking my kids and brother out of my homes . Not because of rent , I just don’t like them anymore . I think they need to learn how to live off the land anyway .

 

[McDad]

The problem is it's a circle of ****. It's **** the tenant can't work. It's **** the landlord paying the taxes and note can't collect. It's **** the bank can't get the cash in the door to leverage and loan out to the next business to create jobs for tenants to pay rent. But the average person in this country is so completely braindead they think every landlord is Uncle Moneybags and every bank has a trillion dollars so they'll be fine. But if every renter has that mentality every landlord and bank exposed to this are screwed.

In a way, this crisis has shown how incredibly interconnected we all are and how we all need each other for our society to function optimally.

 

[DancingOutlaw]

In a way, this crisis has shown how incredibly interconnected we all are and how we all need each other for our society to function optimally.

It should be showing people that. Instead I fear it's highlighting pain points that activist movements will pick up as yet another aspect of life that should be "free".

 

[Rickyvol77]

So let's hear from some, instead of quoting Facebook posts from you neighbor's, brother-in-law's, dentist's cousin.

Let's see some real live faked death certificates to confirm the grand conspiracy involving the 3,000+ health departments in the United States.

It’s not a “grand conspiracy” but there are several discrepancies among both covid deaths and positive tests, especially from March thru June

 

[Orangeburst]

It’s not a “grand conspiracy” but there are several discrepancies among both covid deaths and positive tests, especially from March thru June

I can’t get over allvol123 statement that there are fewer national deaths of all causes in last few months Compared to previous timeframes

 

[clarksvol00]

That is a really tough spot to be in. Judges are not to keen on tossing someone out when circumstances are bad. And pandemic is unprecedented. No investor will buy with bad tenants in unless at a steep discount. How long has your peer been landlording?

In my area the judges are sticking to the law and as long as there is a legitimate breach and the property isn't covered by the CARES Act, they're out.

 

[volfanhill]

In a way, this crisis has shown how incredibly interconnected we all are and how we all need each other for our society to function optimally.

I agree. I also hope, even though it’s probably way too late, that people understand why deficits are a terrible approach. This is the exact time a government like ours should be able to spend trillions to bail out the citizens and business. If we had zero debt, what we have spent, would be nothing. Then when we get out of it go back to being responsible. Instead we have screwed ourselves for no real need or reason

 

[DancingOutlaw]

I agree. I also hope, even though it’s probably way too late, that people understand why deficits are a terrible approach. This is the exact time a government like ours should be able to spend trillions to bail out the citizens and business. If we had zero debt, what we have spent, would be nothing. Then when we get out of it go back to being responsible. Instead we have screwed ourselves for no real need or reason

My eyes kind of cross when I see tweets along the lines of "we are the richest country in the world, why can't we XYZ". There are people among us that would rack up $10-12T in debt this year alone and not bat an eye.

 

[RavinDave]

I’m thinking about kicking my kids and brother out of my homes . Not because of rent , I just don’t like them anymore . I think they need to learn how to live off the land anyway .

If I tried to kick my kids out my wife would be kicking me back to warehouse quarantine for another month or two.

 

[0nelilreb]

If I tried to kick my kids out my wife would be kicking me back to warehouse quarantine for another month or two.

My son is a on volnation , I’ve been waiting on his text saying “ What the hell “ ?

 

[Orangeburst]

My son is a on volnation , I’ve been waiting on his text saying “ What the hell “ ?

You got to be kidding. What is this Family Affair?lol

 

[RavinDave]

The family that posts together sticks together.

 

[0nelilreb]

You got to be kidding. What is this Family Affair?lol

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He doesn’t do the political thing , he can barely stand the FF , he’s mostly a RF person likes to keep up with our recruits. He’s not antisocial he just doesn’t like people , and couldn’t care less what others thought if he tried .

 

[Orangeburst]

He doesn’t do the political thing , he can barely stand the FF , he’s mostly a RF person likes to keep up with our recruits. He’s not antisocial he just doesn’t like people , and couldn’t care less what others thought if he tried .

Now you got everyone curious who he is...lol

 

[0nelilreb]

Now you got everyone curious who he is...lol

Lol I’ll make a deal with you , if he ever likes or comments on any of my posts , I’ll point him out . Hes mainly a lurker in the RF he doesn’t interact like NGV and I do .