Eviction Freeze

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A quick response as I’m getting ready for work and I haven’t got time to go through everything one by one.

I’m genuinely surprised that every has decided to attack the first part of my post while ignoring the second. I did actually come up with a solution that puts the pressure on banks not landlords, or are the multi billion dollar corporations, that took billions in taxpayer money that still hasn’t been repaid all sweetness and light as well?
 
Inquisitor85 said:
I’m genuinely surprised that every has decided to attack the first part of my post while ignoring the second.
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This is a good lesson–for Pres. Trump.

He has a lot of good ideas. But many people do not hear the good ideas because he often makes really wild, stupid-sounding and often mean or vindictive-sounding comments, and he delivers them with a tendency to hyperbole (“It’s gonna be HUUUGE!” is my favorite Pres. Trump expression–I love the optimism!). This causes people to lose trust in him.

Same for the Democratic candidates for political office. They say a lot of good-sounding things, but they also say “Abortion on-demand, no restrictions, paid with tax dollars.” THAT causes me and many others to pay no attention to any of their other ideas–they have lost trust.

When you made a very mean-spirited comment about landlords, you lost a lot of credibility and trust, especially as many of us have personal experience with renting properties.

I’ll take a second look at your comment and idea, but what I always remember when it comes to finances is that there is no free ride. Borrowing from anyone or anything is still borrowing, which means that it will have to paid back somehow. But I’ll try to find some time this evening to take a look. Thanks!

Just a good lesson for all of us, especially me–speak softly and be kind to get people to listen to your ideas!
 
Quibbling about (and severely understating) exactly how much work is involved actually doesn’t support your claim. Every situation is different, and UK and US have different rules and requirements. So back to basics - whose work is the landlord profiting from and how?
 
Getting back to this for the moment.

The other side to this is that some tenants seem to be abusing it.

A landlord was quoted on the radio last night saying that a tenant said something like “I don’t have to pay you; it’s the law.”

And:

article
Carline Chery walks through the two-family house she owns in Dorchester, complaining about all the lights on in broad daylight, and air conditioners humming in the windows. She says one of her two tenants stopped paying the rent in March. The tenants cited the evictions moratorium as a justification for not paying — even though they appear to be working, she says.

The moratorium doesn’t mean they can live rent free — it’s just that Shery can’t evict them even though they owe her $10,000 in back rent.

"It’s just like everything I’m trying to do is working against me, because they know the law,” she says. “I can’t evict them. I’m forced to sell.”

Chery says after four months in the red, she wants out of the property. And she has a buyer, only she can’t close until the current tenant moves — and there’s no indication that’s going to happen any time soon.

Chery says if the rent moratorium is extended, legislators should create a mechanism to prevent bad-faith tenants from abusing the law.

And she’s not alone, according to Doug Quattrochi, head of the advocacy group Mass Landlords. He says about 5% of his members are unable to pay their bills and are ready to sell — and another 20% don’t know how they’re going to make ends meet at the end of this year.

“There’s a lot of frustrated landlords who do feel like the eviction moratorium, by being so broad — you don’t have to prove you’re impacted by COVID — it just enables some people to take advantage,” Quattrochi says. “We don’t think it’s many, but it’s enough.”
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Convert3 said:
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Inquisitor85:
that still hasn’t been repaid
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Do you have a reference for this? I’m pretty sure I’ve read it has all been repaid with internet.
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If he’s talking about the bailouts post-2007, yeah those have been repaid.
 
Most tenants are good. But one really bad tenant can trash a small landlord’s bottom line for a long time. Something that the strong tenant advocates here do not want to acknowledge. I heard from a friend in California several years ago about how pot growing tenants had trashed his house and disappeared when he got wind of their activity and evicted them. The security deposit was but a pittance compared to the expense of repairing the damage. Not to mention the lost rental income while the house was being fixed up.

Rent not getting paid isn’t just happening for residences, it’s also happening in commercial real estate. A sufficient volume of no rent paid kicks all the way up past the individual banks to the entire financial system. Just like the crashing real estate market impacted everything in 2007-09. We’ll be seeing this play out over the next several months.
 
They haven’t here, £27bn was outstanding at the end of 2019.
 
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