I been listening to a lot of people who are waiting for their eviction money to kick in.
What the guberment is saying is that it is bottlenecked at the state and local level.
The moratoreum for eviction expired July 31, and the Supreme Court ruled, the only way to extend it is through the Legislative body.
The CDC said, to hell with that, we're going to extend it to October.
And yet the people haven't gotten the money they anticipated, the landlords are beginning to be foreclosed upon, and corporations like BlackRock are waiting in the wings to buy up all the property.
And when they do, rents are going to skyrocket.
Then those crumbs you might get to cover your rent from the eviction moratoreum, isn't going to be enough anyways.
I anticipate a lot of new homeless families this winter.
Not the illegal immigrants crossing the borders, no. They get to stay in motels and hotels curtesey of you the tax payer, who just became homeless.
This has to stop...
enough is enough.
Back in the 80's my husband and I owned a 3 family in Boston. It was hard finding good tenants to pay the rent on time.
The mortgage bill comes whether the rent flows or not.
And now we have the CDC telling tenants they don't need to pay the rent, and no help given to the landlords.
You have 2 choices. Sell, or get foreclosed upon. Unless you were able to save up a little nest egg and spend your retirement money on saving your rental, that you don't get rent for..
Well somewhere 89/90 there was a downturn in the economy. The company we both worked for..
It was Monday morning. We showed up to work and the doors were locked with a big sign.. out of Business.
We had taken out a second mortgage to do repairs on the house. New plumbing, electric, new bathrooms and kitchens.
Now we had over $170K in loans. The rent was under rent control. So we collected $150.00 a month per unit.
The only way to get it out from under rent control was to occupy one of the units.
We had to evict a tenant in order to do so. That was difficult. But the people that lived in one of the units were trouble. They dealt drugs, didn't pay the rent, and a lot of domestic violence. So we knew which family would have to go.
It was still difficult for me. Emotionally, and going through the courts.
When we moved in we began repairs. The the company went out of business.
We got foreclosed on, rented a U-haul, packed what we could and moved into a cheap apartment in New Hampshire.
We had to file for bankruptcy. And that follows you for a good 10 years.
So I really feel for everyone who is impacted by this "promise" the government made in the name of Covid Relief.
Because from what I see, the cure is going to be worse than the disease.
This administration is filled with promises made/ promises broken.
And it looks like these same broken promises are contagious around the world.
You will own nothing and be happy.