6 million renters face eviction in 8 days when a Trump-era ban expires. Biden is poised to let it ha

[Trailblazer]

It happens sometimes. If it wasn't a non-paying tenant, it could have been a 15-month vacancy. It's not beyond the realm of possibility.

It could have been vacant or not, but either way there is no income coming in.
At least if it was vacant there would be a chance of getting a tenant.

Investing with borrowed money magnifies your risk. You ought to have realized that.

I do not have any borrowed money, I paid cash for the house.

I was referring to landlords who don't own their rental homes and have a mortgage. That is the case for many landlords. I own three homes and I have no mortgages. I would never purchase a rental home with the idea that I would have to depend upon rental income to pay the mortgage.

 

[Stevicus]

So therefore you agree with my original statement, there is no free housing.

Nobody has said anything different.

Some have argued for lower-priced housing, but not free.

 

[Revoltingest]

How about 15 months with no rent? How is a homeowner supposed to pay a mortgage with no rental income?

Has it occurred to you that some discussions are unproductive?
To many, it's perfectly fine if you have no income. That's your
problem, no matter what the cause, even unjust public policy.

 

[9-10ths_Penguin]

I do not have any borrowed money, I paid cash for the house.

I was referring to landlords who don't own their rental homes and have a mortgage. That is the case for many landlords. I own three homes and I have no mortgages. I would never purchase a rental home with the idea that I would have to depend upon rental income to pay the mortgage.

Then you know better than they do.

I have very little sympathy for people who get themselves over their head by investing with borrowed money.

And again: if the carrying costs are too mich for them, they always have an asset they can sell off.

 

[Trailblazer]

Has it occurred to you that some discussions are unproductive?

All day, every day, especially on the threads where some atheists say that God is malevolent because He does not act like Superman and remove all the suffering in the world because after all, God is omnipotent so He can do anything.

What these atheists are really saying is God is omnipotent so God should do everything I expect Him to do, which is completely contradicted by omnipotence since an omnipotent God would never do anything that He does not choose to do.

 

[Revoltingest]

All day, every day, especially on the threads where some atheists say that God is malevolent because He does not act like Superman and remove all the suffering in the world because after all, God is omnipotent so He can do anything.

What these atheists are really saying is God is omnipotent so God should do everything I expect Him to do, which is completely contradicted by omnipotence since an omnipotent God would never do anything that He does not choose to do.

Fortunately, I make no prescriptions for gods to follow.

 

[Kooky]

How is a homeowner supposed to pay a mortgage with no rental income?

I thought we'd already established that working in a grocery store would be enough to cover such expenses?

 

[Trailblazer]

I thought we'd already established that working in a grocery store would be enough to cover such expenses?

We did establish that it would be enough money for the tenant to pay the rent.

 

[Kooky]

We did establish that it would be enough money for the tenant to pay the rent.

Would their rent not cover the costs?

 

[Trailblazer]

Would their rent not cover the costs?

The costs of what?

 

[Kooky]

The costs of what?

The costs of the house you're renting out.

 

[Stevicus]

House fails to extend eviction moratorium ahead of 6-week recess (msn.com)

House Democrats' attempt to pass an extension of the eviction moratorium via unanimous consent request failed late Friday ahead of a six-week recess. The moratorium will end Saturday.

The measure was objected to by Republicans, none of whom supported the bid.

"We are proud and pleased that, overwhelmingly, House Democrats have understood the hardship caused by rental evictions and support extending the eviction moratorium to October 18, 2021," House Speaker Nancy Pelosi, Majority Leader Steny Hoyer and Whip James E. Clyburn said in a joint statement after the failed bid. "Unfortunately, not a single Republican would support this measure."

The eleventh-hour attempt to pass an extension came after hours of delay as leaders tried to scramble support for the extension.

MORE: With eviction moratorium expiring Saturday, Biden calls on Congress to act
In a letter to colleagues earlier Friday, Pelosi said the October date would align with the public health emergency declaration that was issued by the Department of Health and Human Services.

Previously, Democrats had floated extending the moratorium through the end of the year, but some moderates had complained that the timeframe was too long.

"Congress has the power to direct the CDC to extend the eviction moratorium, as we encourage state and local governments to distribute the money that we allocated," Pelosi wrote.

CDC Director Rochelle Walensky noted in a statement last month that the July extension would be the final one.

Pelosi also called on states and localities to distribute the Congress-approved rental assistance, of which there is more than $40 billion remaining in the pot.

Progressives lashed out at the White House and party leaders for their failed last-minute scramble to extend the eviction moratorium.

"Everybody knew this was happening. We were sounding the alarm about this issue," Rep. Alexandria Ocasio Cortez, D-N.Y., told reporters in a gaggle outside Pelosi's office. She was joined by Rep. Cori Bush, D-Mo., who has been outspoken about the time she spent homeless in pushing for the extension of the moratorium.

MORE: Progressive lawmakers urge extension of eviction moratorium
"The court order was not yesterday, the court order was not Monday, the court order was a month ago," Ocasio Cortez continued. "We had a financial services hearing about it, members were bringing alarms to the administration about it."

"The fact that the [White House] statement came out just yesterday is unacceptable. It is unacceptable," she said. "I want to make that very clear, because the excuses that we've been hearing about it, I do not accept them."

White House press secretary Jen Psaki said in a statement Thursday, "Given the recent spread of the Delta variant, including among those Americans both most likely to face evictions and lacking vaccinations, President Biden would have strongly supported a decision by the CDC to further extend this eviction moratorium to protect renters at this moment of heightened vulnerability."

Pelosi told reporters Friday following the defeat that the extension of the eviction moratorium failed in part due to the last-minute notice from the White House about the need for Congress to fix the issue with legislation.

"Really, we only learned about this yesterday. Not really enough time to socialize it within our caucus to build ... the consensus necessary," Pelosi said. "We've had beautiful conversations with our members ... when it comes, though, to the technicalities of legislation, we just need more time."

Hoyer added, "There were obviously some concerns about landlords getting payments, as well as the renters."

Hoyer said an "overwhelming number" of Democrats wanted to pass the extension, but some had concerns about getting payments to landlords who have not been able to enforce rent collections.

"This is really so unfair" to the landlords, housing providers, as well as renters, Pelosi added.

Pelosi warned that further legislative action is possible in August.

Well, I guess they can offer tents to all these people who will be evicted. Or maybe they can build their own Hoovervilles. (Or will they be called Bidenvilles?)

 

[Kooky]

Frankly, I feel like living spaces should probably be nationalized or transferred into publically funded organizations controlled by the people who live in these communities. This is one area where even the most efficient and least harmful applications of market forces are still going to result in something dysfunctional and deeply inequal and unfair.

 

[Revoltingest]

You people are thinking too small.
It's great that government requires landlords to
provide free housing. But it should be extended.
Grocery stores should give away food.
Hardware stores should give away tools & supplies.
Doctors should work for free.

 

[Stevicus]

You people are thinking too small.
It's great that government requires landlords to
provide free housing. But it should be extended.
Grocery stores should give away food.
Hardwar stores should give away tools & supplies.
Doctors should work for free.

I don't think anyone expects anything to be absolutely free. But more reasonable prices and better wages might strike a more equitable balance. That's why I'm a big advocate for wage/price/rent controls, since it can look at the larger picture and determine what is fair for all (or at least the vast majority).

 

[Revoltingest]

I don't think anyone expects anything to be absolutely free.

But that is the net effect of the policy for some tenants & landlords.

Don't worry...my tenants are paying.

But more reasonable prices and better wages might strike a more equitable balance. That's why I'm a big advocate for wage/price/rent controls, since it can look at the larger picture and determine what is fair for all (or at least the vast majority).

Wage & price controls determined by politicians who know
nothing of the industries they'd manage, & are beholden to
donors & voters. Oh, that'll work well....like rent control in NYC.
If assisting renters is the goal, why not just assist renters?

 

[metis]

We spent billions to bail out banks and certain businesses; we spent billions to give the well-healed more tax breaks; but we can even spend a fraction of either to help Americans in need with housing?

So much for America being a "Christian country" as so many claim.

 

[Kooky]

So much for America being a "Christian country" as so many claim.

In my experience, when people call America a "Christian country", they are mainly talking about the misogyny and homophobia.

 

[Stevicus]

But that is the net effect of the policy for some tenants & landlords.

But not free. Maybe a little bit less than what some might want.

Some people seem satisfied with less; all they really want is to be on par with the majority in society. They don't want or need that much. It's far easier to keep up with the Joneses than the Kardashians.

But then there are others who seem to want more and more - bigger cars, bigger mansions, a passenger seat on a spaceship, or just about anything else they can lay their hands on. And they won't be satisfied until they're the richest person in the world (and even then, that may not be enough).

Don't worry...my tenants are paying.

Wage & price controls determined by politicians who know
nothing of the industries they'd manage, & are beholden to
donors & voters. Oh, that'll work well....like rent control in NYC.
If assisting renters is the goal, why not just assist renters?

It wouldn't necessarily be determined by politicians. It could be set up like the OPA: Office of Price Administration - Wikipedia

It's true that weaker, limited attempts at rent controls had mixed results. And price controls were strongly resisted by the business community, for obvious reasons. They tolerated it because of World War 2, but even then, they bristled about it.

That doesn't mean it won't work. It just means they need to impose these controls nationwide and put some sharper teeth into the regulations.

Part of the problem with the system is that it allows for a certain level of complacency and torpor within government. For example, the article I posted above (post #52) indicated that $40 billion had been allocated, yet only $4 billion of it has been distributed by the state governments. Biden indicated his dissatisfaction with it, and said there was "no excuse" for the state governments to be sitting on that money. And AOC and the progressives are mad at Biden, too.

So, even when the politicians do want to do something and can actually agree on it (which is tough enough by itself), it still gets botched up by the bureaucracy. What we really need is someone to go around and kick some bureaucratic butts.

 

[Revoltingest]

But not free. Maybe a little bit less than what some might want.

When evictions are banned, & a tenant stops paying rent
this is effectively free, ie, they get the benefit without paying.

Some people seem satisfied with less; all they really want is to be on par with the majority in society. They don't want or need that much. It's far easier to keep up with the Joneses than the Kardashians.
But then there are others who seem to want more and more - bigger cars, bigger mansions, a passenger seat on a spaceship, or just about anything else they can lay their hands on. And they won't be satisfied until they're the richest person in the world (and even then, that may not be enough).

That doesn't address the current issue of
tenants not paying rent, but no eviction possible.

It wouldn't necessarily be determined by politicians. It could be set up like the OPA: Office of Price Administration - Wikipedia

All such bodies are controlled by politicians.

It's true that weaker, limited attempts at rent controls had mixed results. And price controls were strongly resisted by the business community, for obvious reasons. They tolerated it because of World War 2, but even then, they bristled about it.

That doesn't mean it won't work. It just means they need to impose these controls nationwide and put some sharper teeth into the regulations.

There are always reasons why it never works well.
Some info.
Problem: The reasons are fundamental.
Why Rent Control Doesn’t Work (Ep. 373) - Freakonomics
https://www.cato.org/commentary/problems-price-controls

What would work better is government assistance to those
in need, rather than requiring suppliers to sell at a lower
cost....which doesn't help those most in need at all.