I'm starting a current events & politics thread to shamelessly share the latest South Florida Raging Grannies video addressing voting rights, abortion, eviction moratorium ending, mask mandates, infrastructure, the climate crisis, and refugees. You can fit a lot into a little song while wearing an adorable hat!
Can someone help me understand the eviction ban? Say someone owns a single unit/home that they rent out. Tenants stop paying rent, because eviction ban. Owner can no longer afford to keep the unit because the income they thought they would have to cove costs of the unit is gone. They had six months unit expenses in savings knowing that there would be times they had to carry the unit without tenants, but now it’s been over a year and they can’t do it. They have no choice but to put it up for sale so they don’t ruin their credit. Local laws state that new owner can evict current tenants if it will be their primary residence. So tenants are eventually out anyway. How does this help? I know there are some rent grants, but they don’t cover every rental that isn’t having rent paid. I’m honestly curious.
formerlyak , I don't know a ton about it, but rental assistance programs apply to landlords too. I think I read somewhere that 75% of government rental assistance programs are for landlords not tenants 3 out of 4 programs allow applications from landlords and tenants. In CT there are programs like this: portal.ct.gov/DOH/DOH/Programs/UniteCT which apply to both landlords and tentants.
Can someone help me understand the eviction ban? Say someone owns a single unit/home that they rent out. Tenants stop paying rent, because eviction ban. Owner can no longer afford to keep the unit because the income they thought they would have to cove costs of the unit is gone. They had six months unit expenses in savings knowing that there would be times they had to carry the unit without tenants, but now it’s been over a year and they can’t do it. They have no choice but to put it up for sale so they don’t ruin their credit. Local laws state that new owner can evict current tenants if it will be their primary residence. So tenants are eventually out anyway. How does this help? I know there are some rent grants, but they don’t cover every rental that isn’t having rent paid. I’m honestly curious.
Because this is a very specific instance that won't happen everywhere. Also, I believe (and someone correct me if I'm mistaken) the tenants wouldn't be evicted even if there was a sale. As long as the tenants are showing that they're trying to pay rent, they are within their rights to be in the rental unit.
The eviction ban can definitely hurt smaller tenants. It's quite difficult to get the assistance and the renters have to participate in the application process. Many of my friends / relatives who own one or two small rental houses are selling. I'm not sure if the renters still have rights to rent, but when you are only making a small profit and mortgage payments are due, it's hard to hold on to the property.
Can someone help me understand the eviction ban? Say someone owns a single unit/home that they rent out. Tenants stop paying rent, because eviction ban. Owner can no longer afford to keep the unit because the income they thought they would have to cove costs of the unit is gone. They had six months unit expenses in savings knowing that there would be times they had to carry the unit without tenants, but now it’s been over a year and they can’t do it. They have no choice but to put it up for sale so they don’t ruin their credit. Local laws state that new owner can evict current tenants if it will be their primary residence. So tenants are eventually out anyway. How does this help? I know there are some rent grants, but they don’t cover every rental that isn’t having rent paid. I’m honestly curious.
An owner has more options when it comes to mortgage forbearance, refinancing, or restructuring. And in CA, for example, Newsome promised that all tenants who applied for rent relief WILL receive it.
Post by formerlyak on Sept 8, 2021 11:40:07 GMT -5
Thanks for the info. We will actually be renting out our old house in a month or two. I am not worried about someone not paying rent, because we have a unique situation with that house, but it got me thinking about others who rent out an old house and still have a mortgage to cover with the rent they have come to expect.
Thanks for the info. We will actually be renting out our old house in a month or two. I am not worried about someone not paying rent, because we have a unique situation with that house, but it got me thinking about others who rent out an old house and still have a mortgage to cover with the rent they have come to expect.
I really want to get into a conversation about the ethics and morality of private citizens using rentals as income, but also I've probably been reading too much of my social anarchist friend's stuff on social media. LOL! They've been pretty pleased with the eviction moratorium and the downfall of capitalism in that regard.
Thanks for the info. We will actually be renting out our old house in a month or two. I am not worried about someone not paying rent, because we have a unique situation with that house, but it got me thinking about others who rent out an old house and still have a mortgage to cover with the rent they have come to expect.
I really want to get into a conversation about the ethics and morality of private citizens using rentals as income, but also I've probably been reading too much of my social anarchist friend's stuff on social media. LOL! They've been pretty pleased with the eviction moratorium and the downfall of capitalism in that regard.
I am actually interested to hear more about this. There will always be a need for rentals. So do you think that should be limited to large corporations? How is that better? Or should it be government run? I'm assuming not if it's anarchist lol. Is the thought that housing should just be free for everyone?
I really want to get into a conversation about the ethics and morality of private citizens using rentals as income, but also I've probably been reading too much of my social anarchist friend's stuff on social media. LOL! They've been pretty pleased with the eviction moratorium and the downfall of capitalism in that regard.
I am actually interested to hear more about this. There will always be a need for rentals. So do you think that should be limited to large corporations? How is that better? Or should it be government run? I'm assuming not if it's anarchist lol. Is the thought that housing should just be free for everyone?
DING DING DING! The thought is that housing is a necessity and should be provided through mutual aid.
I'm not certain on the particulars, but there is a strong argument for providing free housing for a large segment of our society.
More broadly, renting for income seriously fucks up the housing market, and has strong racial and income inequality components. Yes, there's a place for renting, but only because our housing is so inflated to begin with.
I am actually interested to hear more about this. There will always be a need for rentals. So do you think that should be limited to large corporations? How is that better? Or should it be government run? I'm assuming not if it's anarchist lol. Is the thought that housing should just be free for everyone?
DING DING DING! The thought is that housing is a necessity and should be provided through mutual aid.
I'm not certain on the particulars, but there is a strong argument for providing free housing for a large segment of our society.
More broadly, renting for income seriously fucks up the housing market, and has strong racial and income inequality components. Yes, there's a place for renting, but only because our housing is so inflated to begin with.
Interesting, thanks for expounding! It sounds a lot like our healthcare situation. To some, there appears to be an easy answer (government single payer), but the practicalities/realities of shifting from our current model to that is daunting, to say the least.
Is there a specific podcast i should search for? I just learned about this today and I'm fascinated. I need to know if they are going after her because she's a woman in a way that they wouldn't if she'd been a man.
Is there a specific podcast i should search for? I just learned about this today and I'm fascinated. I need to know if they are going after her because she's a woman in a way that they wouldn't if she'd been a man.
The Inventor on HBO is the documentary on this whole fiasco. Valley of Hype is the Yahoo Fiancé one that was just released.
Bad Blood is the podcast and the book is by the same name.
Can someone help me understand the eviction ban? Say someone owns a single unit/home that they rent out. Tenants stop paying rent, because eviction ban. Owner can no longer afford to keep the unit because the income they thought they would have to cove costs of the unit is gone. They had six months unit expenses in savings knowing that there would be times they had to carry the unit without tenants, but now it’s been over a year and they can’t do it. They have no choice but to put it up for sale so they don’t ruin their credit. Local laws state that new owner can evict current tenants if it will be their primary residence. So tenants are eventually out anyway. How does this help? I know there are some rent grants, but they don’t cover every rental that isn’t having rent paid. I’m honestly curious.
So is this where I sell my home to my cousin for $1 which is to be her primary home and then she sells is back to me?
Also, does anyone know. If a home goes into foreclosure does the bank have the same limitations in eviction that the prior owner did?
Only tangentially related, but I was looking something up about the history of Monopoly and found this lovely piece about the game, economic theory, and the role of landlords.
I thought this bit was especially interesting:
The Georgist rules by which Curtis had played were known as the Single Tax set, and they went beyond having players simply pay rent into Magie’s “Public Treasury.” They also aimed to teach the shared ownership of public goods. Under Single Tax rules, when the amount in the treasury reached fifty dollars, the player who owned the lighting utility was forced to sell it, and thereafter the utility cost no money to land on, as it was now publicly owned. This process repeated itself with the Slambang Trolley, then with the railroads, then with the Go to Jail space, which became a public college that, instead of sending players to jail, provided extra wages at the end of the game.
Okay, a bit on George too:
By the nineteenth century, however, the “superstition” of “absolute individual property in land,” represented by the complex array of state-sanctioned deeds and titles, had become fundamental to the American legal system. It could not be crushed—nor should it be, said George. Land seizure and nationalization, he believed, would lead to tyranny. “Let the individuals who now hold it still retain, if they want to, possession of what they are pleased to call their land.” George would not revoke the right to buy and sell property or to will land to one’s descendants. Instead he argued that society might leave landowners “the shell” of their holdings if it could “take the kernel.” As George wrote, “It is not necessary to confiscate land; it is only necessary to confiscate rent. . . . In this way the State may become the universal landlord without calling herself so.”
Rent was the key. In line with classical economics from the time of Adam Smith, George defined rent as the unearned income owners derived from the rising value of land, meaning it was distinct from the labor that went into property in the form of improvements, the construction of homes and offices and factories, and the cultivation of fields. A community’s productivity was the invisible hand that caused land values to increase. The cabin in the woods became a prize when a mine opened up across the field, a road linked the cabin to the mine, a country store opened to supply the miners, more homes were built, a railroad came in, a town was born. The land under the cabin derived its worth from what society built around it. Its increase in value therefore belonged to society, and George said this value was to be assessed and taxed at market rates. This “single tax” on land and natural resources offered a reform of capitalism—whose self-destruction George believed it was his task to prevent—that “open[ed] the way to a realization of the noble dreams of socialism.”
Anyway, Pixy and people, you might enjoy reading it.
Is there a specific podcast i should search for? I just learned about this today and I'm fascinated. I need to know if they are going after her because she's a woman in a way that they wouldn't if she'd been a man.
The Inventor on HBO is the documentary on this whole fiasco. Valley of Hype is the Yahoo Fiancé one that was just released.
Bad Blood is the podcast and the book is by the same name.
This book felt pretty biased to me (against Holmes) and I do think since of his commentary was sexist, especially at the end. I'll be interested to see what comes out at the trial.
I want to be very clear that she might be guilty and might be a terrible person - I honestly don't know. I do think it's possible for both that to be true and the book Bad Blood to be biased by sexism.
Is there a specific podcast i should search for? I just learned about this today and I'm fascinated. I need to know if they are going after her because she's a woman in a way that they wouldn't if she'd been a man.
The Inventor on HBO is the documentary on this whole fiasco. Valley of Hype is the Yahoo Fiancé one that was just released.
Bad Blood is the podcast and the book is by the same name.
Bad Dingo there is also The Dropout from ABC News. And they are going to do another following the case as well.
Is there a specific podcast i should search for? I just learned about this today and I'm fascinated. I need to know if they are going after her because she's a woman in a way that they wouldn't if she'd been a man.
I read the book "Bad Blood" about this and I don't think sex plays into it. She was a bald-face liar who scammed people out of millions of dollars.
Is there a specific podcast i should search for? I just learned about this today and I'm fascinated. I need to know if they are going after her because she's a woman in a way that they wouldn't if she'd been a man.
I read the book "Bad Blood" about this and I don't think sex plays into it. She was a bald-face liar who scammed people out of millions of dollars.
I did not see the sexism in the book. I think Holmes did leverage her femininity in her scam. Balwani's (her business partner/boyfriend) role was just as fucked up, but he wasn't the public face of things, so he's not scrutinized in critiques as much.
I don't think this case would be getting the traction it did in the media if she was a man.
I read the book "Bad Blood" about this and I don't think sex plays into it. She was a bald-face liar who scammed people out of millions of dollars.
I did not see the sexism in the book. I think Holmes did leverage her femininity in her scam. Balwani's (her business partner/boyfriend) role was just as fucked up, but he wasn't the public face of things, so he's not scrutinized in critiques as much.
I don't think this case would be getting the traction it did in the media if she was a man.
Re: your last sentence, I don't know, look at Fyre Fest and the WeWork stuff. Those were similar grifter/fraud situations perpetrated by men and got a lot of attention due to the sheer scale of WTFness. I think this is similar.