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- #41
Tell that to the people that were put out of work, or the small business that had to close because the government deemed them non-essential
What does that have to do with the federal government?
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Tell that to the people that were put out of work, or the small business that had to close because the government deemed them non-essential
Agreed..the Federal Government can't issue quarantines except for Federal Government office buildings and properties. (Which almost all are essential services)What does that have to do with the federal government?
If there is a mortgage on the building, the bank will take it and sell it to an investment company. . .I'm not certain how the bailout works totally....
But I read an article of a landlord of 1 small apt complex with 22 renters, most are paying but about 30% were in the rears I believe...those that were making an effort, even if only $100 a month of the thousand a month of what they owed....She said she would keep... But she first set up space in the apt office for renters to come in and apply for the covid renters relief to help them with their applications....if the renter applies, she is not going to evict, even if it takes them months to get govt relief....
It seems like she thinks she will get that money, in the end??? I sure hope so!!!
I wish I knew how it worked?
Can the renter get the money, then skip on the landlord anyway and use the money for deposits on a new place? If the new place would take in someone who had been evicted? Seems loose as a goose, if that is the case?
FYI- I've read 80% of all renters are paying their rent on time.... 20% are not.LOL looks like the SCOTUS is just for show now. SCOTUS rules the eviction moratorium was illegal and cannot be extended. Then Biden’s CDC announces a new moratorium for 60-days. They will just keep using the excuse of new variants, they will keep doing this no matter how unconstitutional it is. This way property owners will be so broke they have to sell. It will cause a huge crash in the entire housing market. Biden’s friends in the banking industry repossess the properties and others will buy them up for pennies on the dollar.
Of course the government can print more money to pay off the property owners, you think they will? No, they won’t. They want these property owners to go under. The banks win, while people lose their rights. Property owners just had their constitutional rights stripped for over a year, all in the name of “welfare for the people”. Too bad gullible saps like you keep making excuses for them.FYI- I've read 80% of all renters are paying their rent on time.... 20% are not.
This thread says $15 billion in the rears for back rent....
Congress passed in total, $47 billion, $26.5 Billion in the last bill....
There is MORE THAN ENOUGH to cover the back rent already given to the States....
We just need the States to get it in to the hands of renters and landlords....
I don't know what the hold up is?
I would have set the program up where the landlords apply for it, with the renters who had been covid affected.
they have zero authority to do this and biden even says so and he's simply buying time to hand out money while this goes through the courts.The moratorium was an unconstitutional overstep by the federal government and never should have happened. That aside, there are also far reaching consequences and ripple affects as a result of this type of interference that the government had no business weighing in on.
that's part 2 no one is seeing as they giggle I GOT A YEAR FREE RENT!!If there is a mortgage on the building, the bank will take it and sell it to an investment company. . .
The only landlords and management companies that have this luxury are the ones that own the property outright and can cover the state and federal taxes and expenses.
As far as the renters skipping? Sure, I suppose they could, if they don't use their current place as a reference for the new place or expect to their last deposit back.
. . . but? They will still own that debt and ruin their credit. Most places now check your references and do a credit check before you can sign a lease.
kinda building an intentional catch 22, huh?The landlords weren't bailed out, were they? Guy's have mortgages. If they aren't bailed out, they're still on the hook for all the unpaid back rent. Congress approved like 50 billion dollars for states to parcel out. WTF? The Treasury under mUnchkin paid out billions to businesses that NEVER reopened.
If I'm a renter, I'm sure the back rent would be a bitch. But homeowners didn't get bailed out, did they? I know I kept paying my mortgage and helping my kid's rent even though our incomes took hits. The renters can't get a free lunch here. If there's no way for them to make up the back rent (and I suspect there is not) then the landlords have to get some help, if they haven't already.
This is a tough one. Renters lost a lot of income because of Covid and relief was approved and not doled out.The landlords weren't bailed out, were they? Guy's have mortgages. If they aren't bailed out, they're still on the hook for all the unpaid back rent. Congress approved like 50 billion dollars for states to parcel out. WTF? The Treasury under mUnchkin paid out billions to businesses that NEVER reopened.
If I'm a renter, I'm sure the back rent would be a bitch. But homeowners didn't get bailed out, did they? I know I kept paying my mortgage and helping my kid's rent even though our incomes took hits. The renters can't get a free lunch here. If there's no way for them to make up the back rent (and I suspect there is not) then the landlords have to get some help, if they haven't already.
The landlords weren't bailed out, were they? Guy's have mortgages. If they aren't bailed out, they're still on the hook for all the unpaid back rent. Congress approved like 50 billion dollars for states to parcel out. WTF? The Treasury under mUnchkin paid out billions to businesses that NEVER reopened.
If I'm a renter, I'm sure the back rent would be a bitch. But homeowners didn't get bailed out, did they? I know I kept paying my mortgage and helping my kid's rent even though our incomes took hits. The renters can't get a free lunch here. If there's no way for them to make up the back rent (and I suspect there is not) then the landlords have to get some help, if they haven't already.
It does not matter who initiated the lockdow,n a lockdown is uncnstitutional end of storyThere was no lockdown by the federal government.
Why do you believe that?It does not matter who initiated the lockdow,n a lockdown is uncnstitutional end of story
Government no matter if it is federal, state, or local have no right to prevent you for providing for your familyWhy do you believe that?
Black codes did that in the past and unequal protection of the laws does that now.Government no matter if it is federal, state, or local have no right to prevent you for providing for your family
Of course the government can print more money to pay off the property owners, you think they will? No, they won’t. They want these property owners to go under. The banks win, while people lose their rights. Property owners just had their constitutional rights stripped for over a year, all in the name of “welfare for the people”. Too bad gullible saps like you keep making excuses for them.
And what makes you think states run by Democrats give two shits about “what’s good for the state”?
Come on! You can't actually believe that crud you just typed!!!???!!!
The federal govt ALREADY PASSED the Renter/Landlord Relief..... the money was given to the State govt to manage and distribute to their renters affected by the covid pandemic. To put it in your terms, the money has already been printed.
The states get No BENEFIT from having all these renters evicted and out on the streets with no where to go, a rise in crime, and a bunch of other ills.... And the local leaders in govt get no benefit from the banks crushing their landlords out of business and property.....
That's just whacko!
It's incompetence, and govt bureaucracy bullcrap that has lead to this delay in getting the money, again that was already allotted to them...
. . . and black-rock will buy all the empty real estate, at above market value.
. . . and then raise all the rent. (They were involved in restructuring the government debt before the pandemic. . . that is probably part of the reason for the pandemic too. . . just a hunch.)
Financial Takeover and Your Bank Account – BlackRock, Envestnet/Yodlee and The Fed Reserve - Forbidden Knowledge TV
World War III (aka the Globalist Flu d'État) has been all about consolidating power at the top, eradicating any vestige of independence and self-sufficiency among the masses. Any straggling middle class survivors of the vaxx genocide will be consigned to aggressive refeudalization. We see this...forbiddenknowledgetv.net
BlackRock Takes Command
The mainstream financial press has been remarkably quiet about the Federal Reserve’s appointment (March 24) of BlackRock to manage its massive corporatewww.counterpunch.org
Why BlackRock Has a Role in the Fed Bond-Buying Spree
As part of its whatever-it-takes effort to reduce the economic pain from the coronavirus pandemic, the U.S. Federal Reserve enlisted BlackRock Inc. to direct three of its bond-buying programs. It’s not the first time the government has partnered with the asset-management behemoth, which under...www.bloomberg.com
BlackRock, other investment firms 'killing the dream' of home ownership, journalist says
BlackRock, other investment firms 'killing the dream' of home ownership, journalist says
Risk and investment management titan BlackRock is among several firms pushing working families out of the housing market and into rentals journalist Pedro Gonzalez told "Tucker Carlson Tonight."www.foxnews.com
Welcome to the Great Reset? Corporate landlords poised to snatch Americans’ property after eviction moratorium EXPIRES
Welcome to the Great Reset? Corporate landlords poised to snatch Americans’ property after eviction moratorium EXPIRES
Millions face imminent homelessness, after the Democrats left Washington for the recess without extending an eviction moratorium set to expire on Saturday. America’s largest corporate landlords are about to make a killing.www.rt.com
". . . President Biden this week asked his allies in Congress to pass a bill extending the eviction ban, and House Democrats had enough votes to do so, but nevertheless did not. House Speaker Nancy Pelosi put the failure down to not having “enough time to socialize it within our caucus as well as to build the consensus, especially in a time of Covid.”
Pelosi’s typically Washingtonian answer will do little to assuage the millions of Americans who are behind on their rent. A precise figure is hard to nail down, but Moody’s estimates that six million tenants are in arrears, while more than 3.5 million people told the US Census Bureau earlier in July that they face eviction within the next two months. As of Saturday, they are no longer protected from being turfed out onto the streets.
The moratorium also applied to homeowners behind on their mortgages and facing foreclosure – two million of them, to be precise, according to figures from Harvard University.
<snip>
The populist right, as distinct from the more traditional pro-business Republicans in Congress, have focused their anger on BlackRock and Blackstone for their role in denying ordinary Americans a share in the country’s wealth.
Curiously, no political will seemingly exists to fight the corporate-backed dehousing of America. Republicans who profess to defend the freedom of America’s middle class have remained largely silent, which is all the stranger given the fact a nation of renters falls right in line with the World Economic Forum’s ‘Great Reset’ initiative – an ambitious plan to reshape the world’s post-pandemic economy into one in which the average citizen “owns nothing.” Incidentally, BlackRock CEO Larry Fink is a trustee of that forum.. . . "