Economy Landlord with 24 properties. We’re suffering during Biden’s eviction ban, too and no one is helping.

[Hellowhosthat]

Will the government please make these people who can't afford their rent stop taking advantage of me?

What? The private jet? I bought that years ago. It's totally irrelevant to these poors affecting my dollas, yo.

Huh? $3,000 Armani suit? It was my dad's. Okay?

Say what now? Frequent guess on Fox News? I'm smart. I can handle things. Not like people say. Like dumb. I'm smart and I want respect.

Ok. I've met with the former vice president and the United States treasurer. It's because I gave Trump a lot of money. No big deal.

lol, poor Mr Millionaire.

 

[spamking]

Once they start renting them out they're basically getting other people to pay for all their houses for them though, that's my issue with it.

Right . . . that's pretty much the point. Some folks need to move for a job, but don't want to sell so they rent their home out.

I'm sure most renters would rather own if they could.

I agree.

 

[Hellowhosthat]

Right . . . that's pretty much the point. Some folks need to move for a job, but don't want to sell so they rent their home out.



I agree.

That's why I say I'm cool with people owning a few properties for reasons like that, it's just people buying up a shitload that I have issue with, but if someone buys a new house and wants to rent their old one? No issues from me.

 

[spamking]

Corporations and landlords shouldnt be able to own single family dwellings to rent. It drives up the cost of home ownership and rent prices on multi-family dwellings.

If I own my home and end up moving I should be able to rent out my home if I choose to do so instead of selling.

 

[TheRealHNIC]

Housing market is crazy with wanna be owners offering over list price

Why would landlords sell to international banks for pennies as you say, instead of selling a 170k worth home for 200k?

Well if landlords all across the country start selling off what happens to housing prices? And why are you not concerned about banks and huge corporations buying up property, at whatever price, and then marking it up on the inhabitants?

 

[nostradumbass]

Where’s those stories? The two I’ve seen shared in war room have been rich assholes. And I’ve criticized them as such.

It’s leading me to believe that the renter landlord assistance is working for the small guys (I used the example of someone who works full time and rents out a duplex on the side and has one side of that not lying) but then not covering these 20+ property owners who I feel are partly to blame Of the housing boom

There are plenty of them. It's the same as everything else. Convince a bunch of children that they're stealing from evil rich white people and they'll get free shit, while the rich people and the corporations are the ones who will swoop in and buy up the properties for dirt cheap after they're foreclosed and you've just pummeled the middle again... again.

 

[G-19]

Not 15%, but yeah 10% cut due to covid. Company was able to not lay anyone off tho. Managers got 20% cut.

so I fail to see a problem of someone’s secondary income (he owns a giant engineering firm as well) taking a little 15% hit.

@ShadowRun see above. Lots of people took income hits due to covid. I don’t see why landlords taking a 15% hit is a big deal when they’re still profitable

Landlords having to seek some single family homes so that there’s more available for actual ownership would be a good thing. Renting other than lower income multi unit buildings breaks the supply and demand market of housing.

I see an issue but it’s hard for me to feel bad for someone who isn’t profiting as much as previous years with their alternate streams of income. If his management company is at risk of going under that’s a completely different story. I really dislike what’s going on in the housing market but you’re right about all of us being financially impacted one way or the other during Covid.

 

[Officer Rick]

boo hoo i own 24 properties...........

yeah no sympathy and no comparing to struggling families...

 

[drstrangelov]

He’s got a point, that the eviction moratorium really shouldn’t extend indefinitely and needs to be driven by some objective criteria. The last extension was a knee jerk freak out in response to rising case numbers and hard campaigning by progressives.

Rents might still decline, and profits along with them, and I think that’s a bigger potential impact for landlords than evictions, but you can’t ask these guys to carry dead weight forever.

 

[The XL]

Most of the stuff government has done through this pandemic have been through illegal "mandates," not laws. Truly a scary time for this country. They don't even need to pass laws to impose their tyranny anymore.

 

[Islam Imamate]

Obviously there has to be a limit to the rent moratorium and you don't want to create negative economic ripples by blindly supporting a feel good policy but maybe using a multi-millionaire with two dozen properties wasn't the best optics to get sympathy for the landlord class, if anything it confirms the negative view of the landlord class that Americans have.

 

[Last Falconry]

weird, I own 23 rental properties and I'm doing great. Bootstraps, bud. Find 'em

 

[terrapin]

Julio Gonzales who has been a landlord for 20 years. Has seen a 15% loss in profit. Residents not paying rent essentially leads to free living, while landlords still have to pay for taxes, utilities and more.

As a landlord, you can’t pay bills, it’s affecting credit, your losing property, and now you are going to lose everything.

People have been giving unemployment plus the stimulus they gave out last year they couldn’t pay some bills.

BlackRock and other multi billion dollar companies are going to own everything if nothing is done about this.

https://www.businessinsider.com/lan...n-cdc-renters-evict-julio-gonzalez-2021-8?amp

the rent moratorium is a really good thing but it should be extended to owners of these properties also. only the massive corps should be losing money through this.

 

[pinger]

Can anyone tell me the date when the Covid financial moritorium on mortgages ends in the US?

Is this likely to trigger foreclosures and perhaps another property crash?

 

[plataoplombo]

Obviously there has to be a limit to the rent moratorium and you don't want to create negative economic ripples by blindly supporting a feel good policy but maybe using a multi-millionaire with two dozen properties wasn't the best optics to get sympathy for the landlord class, if anything it confirms the negative view of the landlord class that Americans have.

Agreed on the optics part. Unfortunately it has already impacted pretty much every single renter, especially those that are looking to move.

 

[plataoplombo]

Can anyone tell me the date when the Covid financial moritorium on mortgages ends in the US?

Is this likely to trigger foreclosures and perhaps another property crash?

I think it's this month. From what I've been seeing, homeowners have started negotiations with the banks. I don't think there will be a crash just yet but there's definitely going to be a slow down. The supply of buyers is shrinking so properties are going to stay on the market longer which may cause prices to drop some. What is concerning is that you have wage inflation along with regular inflation. Couple that with interest rates which are expected to increase and you could see home ownership be even more difficult.

 

[pinger]

I think it's this month. From what I've been seeing, homeowners have started negotiations with the banks. I don't think there will be a crash just yet but there's definitely going to be a slow down. The supply of buyers is shrinking so properties are going to stay on the market longer which may cause prices to drop some. What is concerning is that you have wage inflation along with regular inflation. Couple that with interest rates which are expected to increase and you could see home ownership be even more difficult.

I might move my superannuation (like a 401k) money into cash and go defensive. The sub prime crash really hurt the stock market and it could do the same if the US market takes a hit.

 

[White Whale]

the rent moratorium is a really good thing but it should be extended to owners of these properties also. only the massive corps should be losing money through this.

Massive corporations have lobbyists to make sure they don’t lose anything and they bribe politicians.

 

[Amerikuracana]

He’s the wrong example. The single mom who rents out two places to help her pay her own bills is out there.. Might want to find her.

 

[Shoden]

Landowners have been ripping people off for years thru rent/over inflated cost.