Current Events > It's not just renters. Landlords are struggling, too

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Philoktetes 12/17/20 9:56:21 AM #1:	https://www.cnn.com/2020/12/17/success/landlords-struggling-rent-eviction/index.html Over the past 30 years, Maral Boyadjian has built up a family real estate business consisting of eight homes in Southern California that she and her husband rent out. "Some people spend their money on a bigger home or better car or travel, but we live modestly," said Boyadjian. "Whatever money we can put together, we spend it on buying another single-family home to rent." Typically, the rents from the homes enable the couple to cover all their expenses and earn income. But now tenants in three of their properties in the San Fernando Valley, haven't paid their rent for months. The couple can't remove those tenants because of a state eviction moratorium, which was extended until January 31. Of the three tenants that are behind, one has arranged to pay 25% of rent now and the rest later. Boyadjian said she is happy to work with that tenant, because at least an effort is being made and she's getting something. Others, like those who have not paid any rent since August, leave her feeling like she's being taken advantage of. So far, she has been able to continue to meet her financial obligations. She makes property tax payments and pays the insurance. She not only pays for utilities like water, but also for gardeners and pool maintenance. "We've been able to pay our mortgages, but we're really in danger of not being able to on two properties," Boyadjian said. "This is not sustainable." As the coronavirus pandemic drags on -- with unemployment still high, government support dwindling and the status of future stimulus unknown -- landlords are suffering. An estimated 9.2 million renters who have lost income during the pandemic are behind on rent, according to an analysis of Census data by the Center on Budget and Policy Priorities. And renter households with a job loss will owe an estimated average of $5,400 in back rent by this month, according to a report from the Federal Reserve Bank of Philadelphia. Owning a property and collecting rent on it is my way of making a living. There has been no government aid coming my way. Our income has been sliced. We don't get unemployment." A national ban on evictions, put in place by the Centers for Disease Control and Prevention to stop the spread of the virus, has meant many landlords must continue to pay to maintain and finance their properties with less rent coming in and no recourse to remove non-paying tenants. "This is becoming a concern for landlords," said David Howard, executive director for the National Rental Home Council, which advocates on behalf of the single-family rental industry. "With the eviction moratorium, you don't know what the next step is. There is no certainty about when you're going to get paid." If the CDC order is allowed to expire, as many as 5 million renters could face eviction across the country in January, with as many as 14 million renter households at risk of eviction, according to Stout, a global investment bank and advisory firm. But advocates for property owners doubt there will be anywhere near that many people facing homelessness. "The stories are heartbreaking for everyone -- people with medical problems or who have lost their jobs," said Howard. "But I don't see an eviction tsunami or an apocalypse coming. I think that message is coming from housing advocacy groups as a way to prevent any evictions." Still, there is an incentive to support property owners and to keep tenants in safe housing, Howard said. But finding the solution is tricky. He advocates for rental assistance in the form of direct payments to landlords or payments to tenants earmarked for rent. Single-family homes account for half of all rental housing, he said, and the majority of those property owners are mom-and-pop landlords, many of whom may be operating on razor-thin margins, relying on rental income to cover the costs of the property and using what's left as their income. "The government is putting property owners in a situation where they are supposed to be the back-stop," Howard said. "And many will say, 'I can no longer afford to be in this business.' " Peter Gray, president of Pyramid Real Estate Group in Stamford, Connecticut, is not only a property owner collecting rent on 30 of his own properties, but also a property manager who handles maintenance and rent collection for other landlords. While only a couple of his own tenants have stopped paying, some of his landlord clients are having trouble paying him. "Usually we're one of the last ones they stop paying," he said. "We're the ones collecting the rent. If they can't pay their subcontractors, they are hurting." Peter Gray of Pyramid Real Estate Group says most of his tenants are able to pay rent. But in the property management side of his business, landlords are struggling to pay for repairs, trash removal or heat. If landlords are struggling, tenants will also be affected as home maintenance slides. "I'm seeing landlords who can't pay for trash removal," Gray said. "We're getting 'no heat' calls. They aren't paying real estate taxes. They aren't paying their mortgage." He said one property his company manages had a plumbing problem that cost around $38,000. The owner did not pay the bill. "We had to get an attorney involved and say we would no longer do maintenance or repairs for them," he said. "We paid $38,000 for repairs and they'd like to owe us one?" I'm seeing landlords who can't pay for trash removal. We're getting 'no heat' calls. They aren't paying real estate taxes. They aren't paying their mortgage." For the typical landlord in trouble, which he said is someone who bought their property in the last five years and is leveraged to the hilt, there are no reserves. "Despite tenant protection laws, these landlords don't have the cash reserves, nor the equity in their building to get loans," he said. "With the moratoriums, they're taking hit after hit." Some landlords, he said, are being paid less and seeing the wear and tear on their property increase as grown children or friends double up after losing their own housing. Routine maintenance that was supposed to take place this year has in some cases been delayed or canceled because landlords just don't have the money, said Gray. "They can legislate the need to do timely repairs," he said. "But for many landlords, there is no money." Gray said he has some non-paying tenants he is not able to evict because of the moratorium. But he's found most of his tenants are communicating with him and making their best efforts to pay. "It isn't my style to take the last penny off the table," he said. "I want my tenants to do well. I thought early in my career it may have been bad business not to be more aggressive. But it turns out it is good business to work with people." --- I don't think so, Tim. ~~ Pizza Crew ~~ <cite>Philoktetes posted [p:948439889] in It's not j... [t:79181466]...</cite> <quote>https://www.cnn.com/2020/12/17/success/landlords-struggling-rent-eviction/index.html Over the past 30 years, Maral Boyadjian has built up a family real estate business consisting of eight homes in Southern California that she and her husband rent out. "Some people spend their money on a bigger home or better car or travel, but we live modestly," said Boyadjian. "Whatever money we can put together, we spend it on buying another single-family home to rent." Typically, the rents from the homes enable the couple to cover all their expenses and earn income. But now tenants in three of their properties in the San Fernando Valley, haven't paid their rent for months. The couple can't remove those tenants because of a state eviction moratorium, which was extended until January 31. Of the three tenants that are behind, one has arranged to pay 25% of rent now and the rest later. Boyadjian said she is happy to work with that tenant, because at least an effort is being made and she's getting something. Others, like those who have not paid any rent since August, leave her feeling like she's being taken advantage of. So far, she has been able to continue to meet her financial obligations. She makes property tax payments and pays the insurance. She not only pays for utilities like water, but also for gardeners and pool maintenance. "We've been able to pay our mortgages, but we're really in danger of not being able to on two properties," Boyadjian said. "This is not sustainable." As the coronavirus pandemic drags on -- with unemployment still high, government support dwindling and the status of future stimulus unknown -- landlords are suffering. An estimated 9.2 million renters who have lost income during the pandemic are behind on rent, according to an analysis of Census data by the Center on Budget and Policy Priorities. And renter households with a job loss will owe an estimated average of $5,400 in back rent by this month, according to a report from the Federal Reserve Bank of Philadelphia. Owning a property and collecting rent on it is my way of making a living. There has been no government aid coming my way. Our income has been sliced. We don't get unemployment." A national ban on evictions, put in place by the Centers for Disease Control and Prevention to stop the spread of the virus, has meant many landlords must continue to pay to maintain and finance their properties with less rent coming in and no recourse to remove non-paying tenants. "This is becoming a concern for landlords," said David Howard, executive director for the National Rental Home Council, which advocates on behalf of the single-family rental industry. "With the eviction moratorium, you don't know what the next step is. There is no certainty about when you're going to get paid." If the CDC order is allowed to expire, as many as 5 million renters could face eviction across the country in January, with as many as 14 million renter households at risk of eviction, according to Stout, a global investment bank and advisory firm. But advocates for property owners doubt there will be anywhere near that many people facing homelessness. "The stories are heartbreaking for everyone -- people with medical problems or who have lost their jobs," said Howard. "But I don't see an eviction tsunami or an apocalypse coming. I think that message is coming from housing advocacy groups as a way to prevent any evictions." Still, there is an incentive to support property owners and to keep tenants in safe housing, Howard said. But finding the solution is tricky. He advocates for rental assistance in the form of direct payments to landlords or payments to tenants earmarked for rent. Single-family homes account for half of all rental housing, he said, and the majority of those property owners are mom-and-pop landlords, many of whom may be operating on razor-thin margins, relying on rental income to cover the costs of the property and using what's left as their income. "The government is putting property owners in a situation where they are supposed to be the back-stop," Howard said. "And many will say, 'I can no longer afford to be in this business.' " Peter Gray, president of Pyramid Real Estate Group in Stamford, Connecticut, is not only a property owner collecting rent on 30 of his own properties, but also a property manager who handles maintenance and rent collection for other landlords. While only a couple of his own tenants have stopped paying, some of his landlord clients are having trouble paying him. "Usually we're one of the last ones they stop paying," he said. "We're the ones collecting the rent. If they can't pay their subcontractors, they are hurting." Peter Gray of Pyramid Real Estate Group says most of his tenants are able to pay rent. But in the property management side of his business, landlords are struggling to pay for repairs, trash removal or heat. If landlords are struggling, tenants will also be affected as home maintenance slides. "I'm seeing landlords who can't pay for trash removal," Gray said. "We're getting 'no heat' calls. They aren't paying real estate taxes. They aren't paying their mortgage." He said one property his company manages had a plumbing problem that cost around $38,000. The owner did not pay the bill. "We had to get an attorney involved and say we would no longer do maintenance or repairs for them," he said. "We paid $38,000 for repairs and they'd like to owe us one?" I'm seeing landlords who can't pay for trash removal. We're getting 'no heat' calls. They aren't paying real estate taxes. They aren't paying their mortgage." For the typical landlord in trouble, which he said is someone who bought their property in the last five years and is leveraged to the hilt, there are no reserves. "Despite tenant protection laws, these landlords don't have the cash reserves, nor the equity in their building to get loans," he said. "With the moratoriums, they're taking hit after hit." Some landlords, he said, are being paid less and seeing the wear and tear on their property increase as grown children or friends double up after losing their own housing. Routine maintenance that was supposed to take place this year has in some cases been delayed or canceled because landlords just don't have the money, said Gray. "They can legislate the need to do timely repairs," he said. "But for many landlords, there is no money." Gray said he has some non-paying tenants he is not able to evict because of the moratorium. But he's found most of his tenants are communicating with him and making their best efforts to pay. "It isn't my style to take the last penny off the table," he said. "I want my tenants to do well. I thought early in my career it may have been bad business not to be more aggressive. But it turns out it is good business to work with people."</quote> ... Copied to Clipboard!
Veggeta X 12/17/20 9:57:27 AM #2:	Everyone is struggling but landlords are more likely to be greedy uncompassionate in these times than people renting. --- Don't like it? Don't watch it. It's that simple Dictator of Nice Guys <cite>Veggeta X posted [p:948439918] in It's not j... [t:79181466]...</cite> <quote>Everyone is struggling but landlords are more likely to be greedy uncompassionate in these times than people renting. </quote> ... Copied to Clipboard!
Southernfatman 12/17/20 9:58:39 AM #3:	mrpinksmallestviolin.gif --- https://imgur.com/hslUvRN When I sin I sin real good. <cite>Southernfatman posted [p:948439944] in It's not j... [t:79181466]...</cite> <quote>mrpinksmallestviolin.gif </quote> ... Copied to Clipboard!
FursonaNonGrata 12/17/20 9:59:47 AM #4:	Its too bad that their risky financial investments arent working out. They should try to look for other, more stable sources of income. --- I fought the Mods and I won ~The Outlaw Country of Posting~ <cite>FursonaNonGrata posted [p:948439977] in It's not j... [t:79181466]...</cite> <quote>Its too bad that their risky financial investments arent working out. They should try to look for other, more stable sources of income. </quote> ... Copied to Clipboard!
#5	Post #5 was unavailable or deleted.
RchHomieQuanChi 12/17/20 10:00:33 AM #6:	Funny how that works. They rely on the money of the people they exploited, and when those people are exploited, they suffer too. Who would have thought? --- I have nothing else to say <cite>RchHomieQuanChi posted [p:948440002] in It's not j... [t:79181466]...</cite> <quote>Funny how that works. They rely on the money of the people they exploited, and when those people are exploited, they suffer too. Who would have thought? </quote> ... Copied to Clipboard!
gunplagirl 12/17/20 10:00:46 AM #7:	Oh jeez, maybe if they got actual jobs and didn't live beyond their means etc. The only thing I'm concerned about with this is the tenants who are getting effed over and put at risk of eviction because the landlord wanted renters to buy them properties. --- tfw no big tiddy goth vampire gf who lactates blood - viewmaster_pi <cite>gunplagirl posted [p:948440009] in It's not j... [t:79181466]...</cite> <quote>Oh jeez, maybe if they got actual jobs and didn't live beyond their means etc. The only thing I'm concerned about with this is the tenants who are getting effed over and put at risk of eviction because the landlord wanted renters to buy them properties. </quote> ... Copied to Clipboard!
Veggeta X 12/17/20 10:00:54 AM #8:	Yeah I was planning on putting my money on renting out homes but now I might now wanna go that route. --- Don't like it? Don't watch it. It's that simple Dictator of Nice Guys <cite>Veggeta X posted [p:948440013] in It's not j... [t:79181466]...</cite> <quote>Yeah I was planning on putting my money on renting out homes but now I might now wanna go that route. </quote> ... Copied to Clipboard!
Shablagoo 12/17/20 10:01:02 AM #9:	Philoktetes posted... Owning a property and collecting rent on it is my way of making a living. lmao why people allow this to be a thing, ill never know --- "If you wanna grow your business you need to exploit more." ~Austin_Era_II "Out of those two? Racist for me... easily." ~Vicious_Dios <cite>Shablagoo posted [p:948440017] in It's not j... [t:79181466]...</cite> <quote>Philoktetes posted... </cite> <quote>Owning a property and collecting rent on it is my way of making a living.</quote> lmao why people allow this to be a thing, ill never know </quote> ... Copied to Clipboard!
The Trent 12/17/20 10:01:17 AM #10:	don't cry for me argentina --- i'm Trent B and i get respect your cash and your jewelry is what i expect <cite>The Trent posted [p:948440026] in It's not j... [t:79181466]...</cite> <quote>don't cry for me argentina </quote> ... Copied to Clipboard!
Tenlaar 12/17/20 10:02:28 AM #11:	Shablagoo posted... lmao why people allow this to be a thing, ill never know You should know, after how many times you've made "abolish landlords" topics and had your terrible arguments destroyed. <cite>Tenlaar posted [p:948440062] in It's not j... [t:79181466]...</cite> <quote>Shablagoo posted... </cite> <quote>lmao why people allow this to be a thing, ill never know</quote>You should know, after how many times you've made "abolish landlords" topics and had your terrible arguments destroyed. </quote> ... Copied to Clipboard!
Shablagoo 12/17/20 10:02:30 AM #12:	RchHomieQuanChi posted... Funny how that works. They rely on the money of the people they exploited, and when those people are exploited, they suffer too. Who would have thought? Capitalists: We deserve all the profits because we take all the risks! Capitalists facing risks: Well theres no way we should be responsible for any of this. --- "If you wanna grow your business you need to exploit more." ~Austin_Era_II "Out of those two? Racist for me... easily." ~Vicious_Dios <cite>Shablagoo posted [p:948440065] in It's not j... [t:79181466]...</cite> <quote>RchHomieQuanChi posted... </cite> <quote>Funny how that works. They rely on the money of the people they exploited, and when those people are exploited, they suffer too. Who would have thought?</quote> Capitalists: We deserve all the profits because we take all the risks! Capitalists facing risks: Well theres no way we should be responsible for any of this. </quote> ... Copied to Clipboard!
Number090684 12/17/20 10:03:16 AM #13:	"Some people selfishly spend money on their families and themselves, we live modestly by spending money on buying various homes to rent to families to take money them so we can keep buying more." These assholes might as well be honest about because this is what it really is. They are so caught up in their bullshit that they'll try to justify anything. --- US N Switch "Number" FC SW-3804-3177-9797 US PS3 / PS4 / PS Vita PSN: Number090684 <cite>Number090684 posted [p:948440083] in It's not j... [t:79181466]...</cite> <quote>"Some people selfishly spend money on their families and themselves, we live modestly by spending money on buying various homes to rent to families to take money them so we can keep buying more." These assholes might as well be honest about because this is what it really is. They are so caught up in their bullshit that they'll try to justify anything. </quote> ... Copied to Clipboard!
Timohtep 12/17/20 10:03:17 AM #14:	Boohoo --- https://imgur.com/wwCOg https://imgur.com/tu3lv https://imgur.com/kEMcd https://imgur.com/GIjGS 3.6.0_B3 <cite>Timohtep posted [p:948440084] in It's not j... [t:79181466]...</cite> <quote>Boohoo</quote> ... Copied to Clipboard!
Shablagoo 12/17/20 10:03:18 AM #15:	Tenlaar posted... You should know, after how many times you've made "abolish landlords" topics and had your terrible arguments destroyed. Dont be absurd. --- "If you wanna grow your business you need to exploit more." ~Austin_Era_II "Out of those two? Racist for me... easily." ~Vicious_Dios <cite>Shablagoo posted [p:948440085] in It's not j... [t:79181466]...</cite> <quote>Tenlaar posted... </cite> <quote>You should know, after how many times you've made "abolish landlords" topics and had your terrible arguments destroyed.</quote> Dont be absurd. </quote> ... Copied to Clipboard!
nemu 12/17/20 10:04:19 AM #16:	I love the weird ass landlord bashing devoid of actual logic. <cite>nemu posted [p:948440111] in It's not j... [t:79181466]...</cite> <quote>I love the weird ass landlord bashing devoid of actual logic. </quote> ... Copied to Clipboard!
The Trent 12/17/20 10:04:29 AM #17:	Shablagoo posted... Capitalists: We deserve all the profits because we take all the risks! Capitalists facing risks: Well theres no way we should be responsible for any of this. shablagoo: you fools! just return to an ownershipless system as it pertains to land and structures or something else i don't know it's not clear but you are fucking evil! --- i'm Trent B and i get respect your cash and your jewelry is what i expect <cite>The Trent posted [p:948440117] in It's not j... [t:79181466]...</cite> <quote>Shablagoo posted... </cite> <quote>Capitalists: We deserve all the profits because we take all the risks! Capitalists facing risks: Well theres no way we should be responsible for any of this.</quote> shablagoo: you fools! just return to an ownershipless system as it pertains to land and structures or something else i don't know it's not clear but you are fucking evil! </quote> ... Copied to Clipboard!
MrToothHasYou 12/17/20 10:04:58 AM #18:	Sorry their investment into extracting wealth from the working class isnt working out for them. But you know what they say, all investments come with risk! Thats the market for ya lol --- An Injury to One is an Injury to All https://iww.org/ <cite>MrToothHasYou posted [p:948440127] in It's not j... [t:79181466]...</cite> <quote>Sorry their investment into extracting wealth from the working class isnt working out for them. But you know what they say, all investments come with risk! Thats the market for ya lol </quote> ... Copied to Clipboard!
Questionmarktarius 12/17/20 10:05:45 AM #19:	If the landlord has to sell, the tenants are screwed anyway. That should be obvious, but it's not for some reason. <cite>Questionmarktarius posted [p:948440148] in It's not j... [t:79181466]...</cite> <quote>If the landlord has to sell, the tenants are screwed anyway. That should be obvious, but it's not for some reason. </quote> ... Copied to Clipboard!
Socrawheeze 12/17/20 10:06:37 AM #20:	Yo are Jeff and me the only people who read usernames here <cite>Socrawheeze posted [p:948440173] in It's not j... [t:79181466]...</cite> <quote>Yo are Jeff and me the only people who read usernames here </quote> ... Copied to Clipboard!
gunplagirl 12/17/20 10:06:44 AM #21:	Number090684 posted... "Some people selfishly spend money on their families and themselves, we live modestly by spending money various homes to rent to a family to take money them so we can keep buying more." These assholes might as well be honest about because this is what it really is. They are so caught up in their bullshit that they'll try to justify anything. Right? "We have to pay for repairs and property taxes plus utilities." That's part of what comes with owning a property, period. Like, that's one of the financial barriers that prevents most people from being able to buy a house even if the mortgage would be a few hundred dollars less than their rent. --- tfw no big tiddy goth vampire gf who lactates blood - viewmaster_pi <cite>gunplagirl posted [p:948440178] in It's not j... [t:79181466]...</cite> <quote>Number090684 posted... </cite> <quote>"Some people selfishly spend money on their families and themselves, we live modestly by spending money various homes to rent to a family to take money them so we can keep buying more." These assholes might as well be honest about because this is what it really is. They are so caught up in their bullshit that they'll try to justify anything.</quote>Right? "We have to pay for repairs and property taxes plus utilities." That's part of what comes with owning a property, period. Like, that's one of the financial barriers that prevents most people from being able to buy a house even if the mortgage would be a few hundred dollars less than their rent. </quote> ... Copied to Clipboard!
Number090684 12/17/20 10:07:35 AM #22:	nemu posted... I love the weird ass landlord bashing devoid of actual logic. Nah. There is logic to some arguements. Some landlords are greedy as fuck and don't know when to be satisfied. Fuck em. --- US N Switch "Number" FC SW-3804-3177-9797 US PS3 / PS4 / PS Vita PSN: Number090684 <cite>Number090684 posted [p:948440196] in It's not j... [t:79181466]...</cite> <quote>nemu posted... </cite> <quote>I love the weird ass landlord bashing devoid of actual logic.</quote> Nah. There is logic to some arguements. Some landlords are greedy as fuck and don't know when to be satisfied. Fuck em. </quote> ... Copied to Clipboard!
Veggeta X 12/17/20 10:07:41 AM #23:	nemu posted... I love the weird ass landlord bashing devoid of actual logic. The people who thinks all landlords are evil are anti-capitalism in general. People won't find a middle ground in this. --- Don't like it? Don't watch it. It's that simple Dictator of Nice Guys <cite>Veggeta X posted [p:948440200] in It's not j... [t:79181466]...</cite> <quote>nemu posted... </cite> <quote>I love the weird ass landlord bashing devoid of actual logic.</quote>The people who thinks all landlords are evil are anti-capitalism in general. People won't find a middle ground in this. </quote> ... Copied to Clipboard!
FrankJaegr 12/17/20 10:08:12 AM #24:	Questionmarktarius posted... If the landlord has to sell, the tenants are screwed anyway. That should be obvious, but it's not for some reason. Who knows, people riding the social media craze straight out into the sun smh <cite>FrankJaegr posted [p:948440209] in It's not j... [t:79181466]...</cite> <quote>Questionmarktarius posted... </cite> <quote>If the landlord has to sell, the tenants are screwed anyway. That should be obvious, but it's not for some reason.</quote> Who knows, people riding the social media craze straight out into the sun smh </quote> ... Copied to Clipboard!
nemu 12/17/20 10:11:43 AM #25:	Number090684 posted... Nah. There is logic to some arguements. Some landlords are greedy as fuck and don't know when to be satisfied. Fuck em. Oh yes, slum lords and their ilk are definitely the scum of the earth. It's mostly the people acting as if landlords as a whole are some inherently exploitative class of people that's the silly part. <cite>nemu posted [p:948440302] in It's not j... [t:79181466]...</cite> <quote>Number090684 posted... </cite> <quote>Nah. There is logic to some arguements. Some landlords are greedy as fuck and don't know when to be satisfied. Fuck em.</quote>Oh yes, slum lords and their ilk are definitely the scum of the earth. It's mostly the people acting as if landlords as a whole are some inherently exploitative class of people that's the silly part. </quote> ... Copied to Clipboard!
ButteryMales 12/17/20 10:13:18 AM #27:	It should be illegal to rent out a mortgaged property. <cite>ButteryMales posted [p:948440347] in It's not j... [t:79181466]...</cite> <quote>It should be illegal to rent out a mortgaged property.</quote> ... Copied to Clipboard!
The Trent 12/17/20 10:13:36 AM #28:	ButteryMales posted... It should be illegal to rent out a mortgaged property. hahahahahahaha --- i'm Trent B and i get respect your cash and your jewelry is what i expect <cite>The Trent posted [p:948440357] in It's not j... [t:79181466]...</cite> <quote>ButteryMales posted... </cite> <quote>It should be illegal to rent out a mortgaged property.</quote> hahahahahahaha </quote> ... Copied to Clipboard!
Shablagoo 12/17/20 10:14:08 AM #29:	nemu posted... Oh yes, slum lords and their ilk are definitely the scum of the earth. It's mostly the people acting as if landlords as a whole are some inherently exploitative class of people that's the silly part. That is the topic at hand, not sure why certain people ITT chose to extrapolate the OP into hatred for all landlords. --- "If you wanna grow your business you need to exploit more." ~Austin_Era_II "Out of those two? Racist for me... easily." ~Vicious_Dios <cite>Shablagoo posted [p:948440375] in It's not j... [t:79181466]...</cite> <quote>nemu posted... </cite> <quote>Oh yes, slum lords and their ilk are definitely the scum of the earth. It's mostly the people acting as if landlords as a whole are some inherently exploitative class of people that's the silly part.</quote> That is the topic at hand, not sure why certain people ITT chose to extrapolate the OP into hatred for all landlords. </quote> ... Copied to Clipboard!
Questionmarktarius 12/17/20 10:18:42 AM #30:	Tenlaar posted... Most of the landlords are inherently evil kind of people have some fantasy that the landlord isn't going to sell, ownership is either just going to be passed to the people living there or the state is going to seize all property and pass it out. The actual endgame here is counties ending up with huge numbers of properties that are no longer collecting property tax, with tenants whose leases are obligated to honored via statute, and maintenance that's mandatory by those same statutes. It'll be de facto public housing until the individual leases expire, but the counties are not going to want to hold the properties after that; because the lack of rent payments, lack of property tax revenue, and obliged upkeep costs are going to be utter hell on super-tight county budgets. <cite>Questionmarktarius posted [p:948440479] in It's not j... [t:79181466]...</cite> <quote>Tenlaar posted... </cite> <quote>Most of the landlords are inherently evil kind of people have some fantasy that the landlord isn't going to sell, ownership is either just going to be passed to the people living there or the state is going to seize all property and pass it out.</quote>The actual endgame here is counties ending up with huge numbers of properties that are no longer collecting property tax, with tenants whose leases are obligated to honored via statute, and maintenance that's mandatory by those same statutes. It'll be de facto public housing until the individual leases expire, but the counties are not going to want to hold the properties after that; because the lack of rent payments, lack of property tax revenue, and obliged upkeep costs are going to be utter hell on super-tight county budgets. </quote> ... Copied to Clipboard!
Veggeta X 12/17/20 10:19:26 AM #31:	Tenlaar, you need to stop posting on CE like you're a saint. Thanks. --- Don't like it? Don't watch it. It's that simple Dictator of Nice Guys <cite>Veggeta X posted [p:948440506] in It's not j... [t:79181466]...</cite> <quote>Tenlaar, you need to stop posting on CE like you're a saint. Thanks. </quote> ... Copied to Clipboard!
Beemo_Season11 12/17/20 10:21:03 AM #32:	Maybe all the whiny trolls can show some sympathy here? Nah, they're entitled ass hell and think they should live for free ugh <cite>Beemo_Season11 posted [p:948440548] in It's not j... [t:79181466]...</cite> <quote>Maybe all the whiny trolls can show some sympathy here? Nah, they're entitled ass hell and think they should live for free ugh </quote> ... Copied to Clipboard!
nemu 12/17/20 10:21:55 AM #33:	Shablagoo posted... That is the topic at hand, not sure why certain people ITT chose to extrapolate the OP into hatred for all landlords. Because that's the obvious tone of the posts and the path that all these topics head down. There also isn't much indicating the primary focus of the article is a slumlord. Complaining that people have taken advantage of the situation and made no attempt whatsoever to even try to pay something of their rent is not being a slumlord. The people at the bottom of the article refusing basic maintenance may in fact be a slum lord. <cite>nemu posted [p:948440568] in It's not j... [t:79181466]...</cite> <quote>Shablagoo posted... </cite> <quote>That is the topic at hand, not sure why certain people ITT chose to extrapolate the OP into hatred for all landlords.</quote>Because that's the obvious tone of the posts and the path that all these topics head down. There also isn't much indicating the primary focus of the article is a slumlord. Complaining that people have taken advantage of the situation and made no attempt whatsoever to even try to pay something of their rent is not being a slumlord. The people at the bottom of the article refusing basic maintenance may in fact be a slum lord. </quote> ... Copied to Clipboard!
Poop2 12/17/20 10:22:19 AM #34:	ButteryMales posted... It should be illegal to rent out a mortgaged property. our entire economic model is debt-based; that won't ever happen. <cite>Poop2 posted [p:948440580] in It's not j... [t:79181466]...</cite> <quote>ButteryMales posted... </cite> <quote>It should be illegal to rent out a mortgaged property.</quote>our entire economic model is debt-based; that won't ever happen. </quote> ... Copied to Clipboard!
bnui_ransder 12/17/20 10:23:23 AM #35:	A landlord i know is getting fucked over She was having trouble finding a place and we just finished repairing a house from the last tenant that absolutely destroyed a house. And I mean like move anything and millions of tiny roaches go scattering everywhere. 4 broken windows. Cabinets covered in sticky.... whatever. Etc etc etc He made a deal and let her move in for $500 a month until she could catch up and if she and her boyfriend did the yardwork instead of his crew he would take off $200 a month as a thank you. She agreed and he dropped off some tools so they could do that. The eviction moratorium hit and they vanished. Dont answer calls, dont return calls. No answer when we knock on the door. Doorknobs changed. Thick curtains on every window. Lock on gate changed. She hasn't paid the electric bill and they shut her off, put a lock on the main control box. They cut the lock. Owner of house gets charged for that. She hasn't paid her water bill. They shut off her water and put a lock on the valve out by the road. They cut the lock and turned the water back on. The owner of the house has to pay for those damages. They are accumulating junk cars in the yard and the yard itself has gone to shit. We are up to 6 cars in the yard now. We've received a notice from the county about removing said cars and we will be fined per car if we don't remove them soon. Another tenant that lives in the area bought a bunch of yard tools from a garage sale and informed the landlord. His name was on the weed whacker, push mower and a bunch of other stuff. They were also selling the appliances in the house and when he asked if they were moving they told him that the landlord was squeezing them for money so they need to sell stuff to pay rent. They haven't paid rent since they moved in.... in April. Also apparently I went to school with this girl. --- http://bnuiransder.tumblr.com/ So much A R T <cite>bnui_ransder posted [p:948440608] in It's not j... [t:79181466]...</cite> <quote>A landlord i know is getting fucked over She was having trouble finding a place and we just finished repairing a house from the last tenant that absolutely destroyed a house. And I mean like move anything and millions of tiny roaches go scattering everywhere. 4 broken windows. Cabinets covered in sticky.... whatever. Etc etc etc He made a deal and let her move in for $500 a month until she could catch up and if she and her boyfriend did the yardwork instead of his crew he would take off $200 a month as a thank you. She agreed and he dropped off some tools so they could do that. The eviction moratorium hit and they vanished. Dont answer calls, dont return calls. No answer when we knock on the door. Doorknobs changed. Thick curtains on every window. Lock on gate changed. She hasn't paid the electric bill and they shut her off, put a lock on the main control box. They cut the lock. Owner of house gets charged for that. She hasn't paid her water bill. They shut off her water and put a lock on the valve out by the road. They cut the lock and turned the water back on. The owner of the house has to pay for those damages. They are accumulating junk cars in the yard and the yard itself has gone to shit. We are up to 6 cars in the yard now. We've received a notice from the county about removing said cars and we will be fined per car if we don't remove them soon. Another tenant that lives in the area bought a bunch of yard tools from a garage sale and informed the landlord. His name was on the weed whacker, push mower and a bunch of other stuff. They were also selling the appliances in the house and when he asked if they were moving they told him that the landlord was squeezing them for money so they need to sell stuff to pay rent. They haven't paid rent since they moved in.... in April. Also apparently I went to school with this girl. </quote> ... Copied to Clipboard!
Veggeta X 12/17/20 10:23:30 AM #36:	These people who thinks all landlords are evil also hates it when they are monolithed. Do not ever take these kind of hippocrits seriously. They are just bitter and jaded people who hates the world and want to act like the good guy. --- Don't like it? Don't watch it. It's that simple Dictator of Nice Guys <cite>Veggeta X posted [p:948440612] in It's not j... [t:79181466]...</cite> <quote>These people who thinks all landlords are evil also hates it when they are monolithed. Do not ever take these kind of hippocrits seriously. They are just bitter and jaded people who hates the world and want to act like the good guy. </quote> ... Copied to Clipboard!
Shablagoo 12/17/20 10:23:48 AM #37:	nemu posted... Because that's the obvious tone of the posts and the path that all these topics head down. There also isn't much indicating the primary focus of the article is a slumlord. Complaining that people have taken advantage of the situation and made no attempt whatsoever to even try to pay something of their rent is not being a slumlord. The people at the bottom of the article refusing basic maintenance may in fact be a slum lord. No dude, a situation where someone is forcing other people to spend their labor buying properties for them should not exist in society and its utterly absurd that some of yall act like its a good thing. --- "If you wanna grow your business you need to exploit more." ~Austin_Era_II "Out of those two? Racist for me... easily." ~Vicious_Dios <cite>Shablagoo posted [p:948440622] in It's not j... [t:79181466]...</cite> <quote>nemu posted... </cite> <quote>Because that's the obvious tone of the posts and the path that all these topics head down. There also isn't much indicating the primary focus of the article is a slumlord. Complaining that people have taken advantage of the situation and made no attempt whatsoever to even try to pay something of their rent is not being a slumlord. The people at the bottom of the article refusing basic maintenance may in fact be a slum lord.</quote> No dude, a situation where someone is forcing other people to spend their labor buying properties for them should not exist in society and its utterly absurd that some of yall act like its a good thing. </quote> ... Copied to Clipboard!
ButteryMales 12/17/20 10:24:02 AM #38:	"We've been able to pay our mortgages, but we're really in danger of not being able to on two properties," Boyadjian said. "This is not sustainable." Are we really supposed to feel sorry they can't pay for 2 out of 8 homes? <cite>ButteryMales posted [p:948440628] in It's not j... [t:79181466]...</cite> <quote><quote>"We've been able to pay our mortgages, but we're really in danger of not being able to on two properties," Boyadjian said. "This is not sustainable."</quote>Are we really supposed to feel sorry they can't pay for 2 out of 8 homes?</quote> ... Copied to Clipboard!
The Trent 12/17/20 10:24:27 AM #39:	Shablagoo posted... No dude, a situation where someone is forcing other people to spend their labor buying properties for them should not exist in society and its utterly absurd that some of yall act like its a good thing. lol --- i'm Trent B and i get respect your cash and your jewelry is what i expect <cite>The Trent posted [p:948440642] in It's not j... [t:79181466]...</cite> <quote>Shablagoo posted... </cite> <quote>No dude, a situation where someone is forcing other people to spend their labor buying properties for them should not exist in society and its utterly absurd that some of yall act like its a good thing.</quote> lol </quote> ... Copied to Clipboard!
Shablagoo 12/17/20 10:26:03 AM #40:	The Trent posted... lol Agreed, its laughable that anyone supports the existence of robber barons. --- "If you wanna grow your business you need to exploit more." ~Austin_Era_II "Out of those two? Racist for me... easily." ~Vicious_Dios <cite>Shablagoo posted [p:948440686] in It's not j... [t:79181466]...</cite> <quote>The Trent posted... </cite> <quote>lol</quote> Agreed, its laughable that anyone supports the existence of robber barons. </quote> ... Copied to Clipboard!
The Trent 12/17/20 10:26:45 AM #41:	uh if everyone called them robber barons i would support them even more because that's just a bad ass title who wouldn't want to be a robber baron --- i'm Trent B and i get respect your cash and your jewelry is what i expect <cite>The Trent posted [p:948440706] in It's not j... [t:79181466]...</cite> <quote>uh if everyone called them robber barons i would support them even more because that's just a bad ass title who wouldn't want to be a robber baron </quote> ... Copied to Clipboard!
nemu 12/17/20 10:29:10 AM #42:	Shablagoo posted... No dude, a situation where someone is forcing other people to spend their labor buying properties for them should not exist in society and its utterly absurd that some of yall act like its a good thing. So people shouldn't be able to freely spend their money earned from a service (providing a rental home) on a product (another home) and then freely use that product as they wish (rent the home)? There should obviously be rules and regulations preventing eating up all available property and then gouging the local populous, but simply owning multiple homes does not mean one is doing that. <cite>nemu posted [p:948440769] in It's not j... [t:79181466]...</cite> <quote>Shablagoo posted... </cite> <quote>No dude, a situation where someone is forcing other people to spend their labor buying properties for them should not exist in society and its utterly absurd that some of yall act like its a good thing.</quote>So people shouldn't be able to freely spend their money earned from a service (providing a rental home) on a product (another home) and then freely use that product as they wish (rent the home)? There should obviously be rules and regulations preventing eating up all available property and then gouging the local populous, but simply owning multiple homes does not mean one is doing that. </quote> ... Copied to Clipboard!
ButteryMales 12/17/20 10:29:23 AM #43:	The Trent posted... uh if everyone called them robber barons i would support them even more because that's just a bad ass title who wouldn't want to be a robber baron You're going to pay for 2 mortgages? <cite>ButteryMales posted [p:948440774] in It's not j... [t:79181466]...</cite> <quote>The Trent posted...</cite><quote>uh if everyone called them robber barons i would support them even more because that's just a bad ass title who wouldn't want to be a robber baron</quote>You're going to pay for 2 mortgages?</quote> ... Copied to Clipboard!
The Trent 12/17/20 10:30:53 AM #44:	ButteryMales posted... You're going to pay for 2 mortgages? i made the decision not to do exactly this about 2 years ago and sold my old house instead of renting it seemed like too much work for not really much trickly profit when i ran the numbers --- i'm Trent B and i get respect your cash and your jewelry is what i expect <cite>The Trent posted [p:948440813] in It's not j... [t:79181466]...</cite> <quote>ButteryMales posted... </cite> <quote>You're going to pay for 2 mortgages?</quote> i made the decision not to do exactly this about 2 years ago and sold my old house instead of renting it seemed like too much work for not really much trickly profit when i ran the numbers </quote> ... Copied to Clipboard!
ScazarMeltex 12/17/20 10:33:28 AM #45:	They could always go get real jobs instead of purchasing property and getting other people to pay the mortgages. --- "If you wish to converse with me define your terms" Voltaire <cite>ScazarMeltex posted [p:948440885] in It's not j... [t:79181466]...</cite> <quote>They could always go get real jobs instead of purchasing property and getting other people to pay the mortgages. </quote> ... Copied to Clipboard!
s0nicfan 12/17/20 10:34:01 AM #46:	"The rich succeed by making the poor and the middle class blame each other for their problems" everyone nods and agrees "Hey, these middle class people are struggling because the poor people renting their property are struggling" Everyone: well fuck those guys for owning in the first place. They're worthless leeches. Class trash. --- "History Is Much Like An Endless Waltz. The Three Beats Of War, Peace And Revolution Continue On Forever." - Gundam Wing: Endless Waltz <cite>s0nicfan posted [p:948440896] in It's not j... [t:79181466]...</cite> <quote>"The rich succeed by making the poor and the middle class blame each other for their problems" everyone nods and agrees "Hey, these middle class people are struggling because the poor people renting their property are struggling" Everyone: well fuck those guys for owning in the first place. They're worthless leeches. Class trash. </quote> ... Copied to Clipboard!
bnui_ransder 12/17/20 10:34:51 AM #47:	Its funny how many things people ignore just so they can say "FUCK LANDLORDS" All the asshole landlords don't help, but open your eyes --- http://bnuiransder.tumblr.com/ So much A R T <cite>bnui_ransder posted [p:948440920] in It's not j... [t:79181466]...</cite> <quote>Its funny how many things people ignore just so they can say "FUCK LANDLORDS" All the asshole landlords don't help, but open your eyes </quote> ... Copied to Clipboard!
Veggeta X 12/17/20 10:37:49 AM #48:	I'm gonna start marking people who generalize all land lords. --- Don't like it? Don't watch it. It's that simple Dictator of Nice Guys <cite>Veggeta X posted [p:948441001] in It's not j... [t:79181466]...</cite> <quote>I'm gonna start marking people who generalize all land lords. </quote> ... Copied to Clipboard!
BignutzisBack 12/17/20 10:38:41 AM #49:	s0nicfan posted... "The rich succeed by making the poor and the middle class blame each other for their problems" everyone nods and agrees "Hey, these middle class people are struggling because the poor people renting their property are struggling" Everyone: well fuck those guys for owning in the first place. They're worthless leeches. Class trash. --- https://imgur.com/plA0Vg9 https://media.giphy.com/media/dgK22exekwOLm/giphy.gif <cite>BignutzisBack posted [p:948441021] in It's not j... [t:79181466]...</cite> <quote>s0nicfan posted... </cite> <quote>"The rich succeed by making the poor and the middle class blame each other for their problems" everyone nods and agrees "Hey, these middle class people are struggling because the poor people renting their property are struggling" Everyone: well fuck those guys for owning in the first place. They're worthless leeches. Class trash.</quote> </quote> ... Copied to Clipboard!
Tenlaar 12/17/20 10:39:29 AM #50:	<a onclick="return show_quoted_message(400, 79181466, 948440506, '9bc63064');" href="/boards/400-current-events/79181466/948440506">Veggeta X posted... </a> Tenlaar, you need to stop posting on CE like you're a saint. Thanks. I honestly don't even know what you thought you were conveying with this, but you need to try again. <cite>Tenlaar posted [p:948441047] in It's not j... [t:79181466]...</cite> <quote><a onclick="return show_quoted_message(400, 79181466, 948440506, '9bc63064');" href="/boards/400-current-events/79181466/948440506">Veggeta X posted... </a></cite> <quote>Tenlaar, you need to stop posting on CE like you're a saint. Thanks.</quote>I honestly don't even know what you thought you were conveying with this, but you need to try again. </quote> ... Copied to Clipboard!
Gwynevere 12/17/20 10:42:41 AM #51:	What is it people say about youtubers and streamers? Oh yeah, maybe these landlords should get a real job --- A hunter is a hunter...even in a dream <cite>Gwynevere posted [p:948441139] in It's not j... [t:79181466]...</cite> <quote>What is it people say about youtubers and streamers? Oh yeah, maybe these landlords should get a real job </quote> ... Copied to Clipboard!
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Current Events > It's not just renters. Landlords are struggling, too (+) Yeah! (+)

Current Events > It's not just renters. Landlords are struggling, too