Who's Going to Pay the Bills?: Purpose-Driven Coronavirus Business Shutdowns Cause Economic Catastrophe

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farronwolf said:
Vote them out so they cant do it again.
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It’s too late the damage will have already been done by then. People are starving to death in Venezuela standing in line for hours to get a pound of flour or rice. Already, here in the local markets in the USA there is no rice, no flour and people are standing in long lines in the rain to enter the market which does not have any toilet paper. How much more disease will there be if people do not have toilet paper or paper towels? There are reports that the sewage pipes are being clogged with old rags and old T shirts. This can be the start of a new plague epidemic with clogged sewers overrunning into the city areas.
 
Good thing I have my own well, septic, plenty of flour, rice, meat in the freezer.

So you will vote for them again and give them more opportunity to make decisions you dont agree with. Certainly not what I will do.
 
farronwolf said:
Good thing I have my own well, septic, plenty of flour, rice, meat in the freezer.
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A plague epidemic caused by sewage overflow can affect anyone even if you have plenty of flour, rice, meat in your freezer. And BTW, many people are short of those items and can’t find them in their local markets. Many shelves are completely empty of toilet paper.
 
farronwolf said:
Jimmy’s landlord should not be operating his rental property without a cushion to cover the periods of time the unit isn’t rented. In the rental property business one should build into the cash flow for time when units are either vacant or delinquent on the payment.
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This has been the biggest wake up call for me as someone who was (and I emphasize the was) thinking about buying a rental property or two in the near future.
 
Part of the problem the medical field was having with their PPE was that they use what has become common now, just in time inventory. Meaning that they only stock what they need for say a week or twos worth of usage. They do this to maximize profits. Less money spent when building on storage space. Less money spent on large quantity of supplies, the more inventory turns usually means more profitablity.

Unfortunately people do the same thing. Instead of buying some extra flour or rice, they buy just what they need. This stuff lasts a long, long time and is really pretty cheap.

Many of the pains people are feeling is simply due to improper planning. I know this is affecting some people greatly. But I also, like everyone else, saw people’s initial reactions. Going out an 6 months worth or toilet paper for example. This was panic buying.

We can just as easily blame the lack of flour and rice on the neighbors of the folks who can’t find it. The stores didn’t throw it away. Some people bought way, way more than they needed for this event.
 
There is absolutely nothing wrong with having rental properties. It can be a great investment tool, and great source of extra monthly income for retirement.

However, one must do their homework beforehand. One needs to be sort of handy, and be able to fix some things on their own. You can’t make any money or cash flow if every time there is a leaking faucet you have to call a plumber who charges more than the faucet cost in the first place.

You can’t expect to finance the entire property, (unless you buy them right, ie cheap, and are able to fix them up), and be able cover the cost of the mortgage, insurance, taxes and repairs and have any extra cash for future upgrades or to cover vacancies.
 
Nothing wrong with it all all but definitely not the business for me. I was a distant landlord before we sold our house in Florida and I quickly learned that you need to be somewhat close to your property so you can do all the handyman stuff, which I was not.

More recently, I was thinking about a few beach condos within driving distance. Partially as an investment but also to use whenever my family and I wanted to go to the beach. The bottom line is that I need to do A LOT more research before jumping in. What % to finance do you recommend for rentals?
 
JoeFreedom said:
People who die of a heart attack with covid are being counted as a covid death not a heart attack death. This is a complete break from any other statistic.
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Do you have some official source for this claim (speaking only for the US)?

I have close friends in the two largest medical facilities in my state. Majority of COVID deaths: " acute respiratory distress … due to massive alveolar damage and progressive respiratory failure" DEFINE_ME

The non-commercial sources will speak of death by blah blah related to COVID.
JoeFreedom said:
Prior to covid if you got a cold and died from an underlying immunological disorder call death would be recorded as the disorder and not the cold.
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Again, this is not the case in my state. My husband had Congestive Heart Failure, was reliant on a heart pump called an LVAD.

He died from a hemorrhagic stroke. His death certificate says not one word about his CHF, the cause of death is a hemorrhagic stroke.

Do you have a source that other states mask the cause of death on vital records?
 
LeafByNiggle said:
As bad as you think this partial shutdown is, suddenly banning all use of cars would be far worse on the economy.l
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That might depend on whether you meant all motored vehicles, or just non-commercial (ahem, “essential”) vehicles. Many people could just work from home, like they’re doing now, or just use a less efficient or more expensive mode of transport (bike, public transit, taxi). Others who couldn’t do this would be screwed, true, but that’s little different from the current situation. Government could just as easily pretend to come to the rescue with their stimulus in that case.
 
John_Martin said:
No predictability with covid-19 and workers are about to be pushed back to work to profit investors without any understanding of whether the risk is personally worth it or only of value to the chief executive officer who is insulated from exposure.
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What do you mean pushed back to work? Has the right to quit a job been suspended? Presumably they have weighed the risk and deemed the paycheque worth it if they do work.
 
TheLittleLady said:
Do you have a source that other states mask the cause of death on vital records?
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I’m not talking about on the vital records, but the statistics being shared for “# of deaths” being reported in the media and by the CDC. If a person had covid, and they died, they are counted as another death. While they do state that people who “died from covid” had underlying diseases, many of these deaths are not a direct result of covid.
 
JoeFreedom said:
While they do state that people who “died from covid” had underlying diseases, many of these deaths are not a direct result of covid.
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…which is no different from how other diseases are reported. Dead is dead. And whether it was “direct” result of covid, or the “indirect” result of covid, it all points to cover-19 as being the thing we need to defeat.
 
CDC records come from the each State’s health department, are you proposing that either the CDC or the State is falsifying records?
 
Not necessarily a % as what % cash flow you will have. I think that 15-20% cash flow every month would be ideal.

So if the mortgage, insurance, taxes, pest control, minor repairs, utilities if included in rent (not common) add up to say $600 per month, you should get around $750 allowing you to put back $150 or so each month for the bad times. That is just my take on it. Others may use a higher percentage.

After the 15 year mortgage is paid off, you would in theory have 25k or so put back and a paid off property. Best case scenario, not necessarily realistic, but certainly give you some cushion.

Of course this only works if you aren’t putting everything you have into the property in the first place. Nothing would be worse than 2 months into a rental the A/C goes out and you have to drop 5k you don’t have into another unit.
 
Note, this directive is specifically for those who take action under the “Death With Dignity Act”.
 
A little digging in unearthing a pattern in such obfuscation. Here’s an article on concealing the actual cause of death in Washington D.C. (and below, in Oregon as well)
https://health.usnews.com/health-ca...s-really-involved-in-physician-assisted-death

Here are the D.C. directives for filling out the death certificate:


Here’s Oregon’s Directive:

Death Certificate Recommendations​

The Oregon Health Authority, Center for Health Statistics recommends that physicians record the underlying terminal disease as the cause of death and mark the manner of death “natural” for patients who die under Oregon’s Death with Dignity Act (DWDA). Note: DWDA statutory language in ORS 127.880 states, “Actions taken in accordance with ORS 127.800 to 127.897 shall not, for any purpose, constitute suicide, assisted suicide, mercy killing or homicide, under the law.”
 
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A two year article about “Death with Dignity” or Physician Assisted Death. Again, this is not a directive to report all deaths as COVID.
 
TheLittleLady said:
Do you have a source that other states mask the cause of death on vital records?
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This was your quote.
I am showing you state documentation requiring that causes of death be masked on vital records in multiple states. Yes, in these cases assisted suicide is the cause of death being masked.
A precedent is shown and your question is answered.
 
jeannetherese said:
A precedent is shown and your question is answered.
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Not so much when those specific references are implementing the requirements of a law enacted by the relevant State or District for procedures under a very specific circumstance, not as an ad hoc reaction to a pandemic.
 
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