1 in 5 US Renters Risk Eviction by 9/30/2020

The sky is falling, Chicken Little; better run, cluck, run. Surely you do get off on this kind of doomsayer porn. Get a clue and disavow your mighty democrat politicians who cried wolf and cut the heads off millions of low income family livelihoods all in the name of looking prettier when the time comes for Biden his time to select a running mate. The cycle cycles. The democrats live their own contradictions. Enjoy!
It's all one big hoax and Trump is a stable genius, right, Roger?
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Renters, homeowners face new phase of coronavirus crisis with evictions, foreclosures looming

"For renters, a handful of state and local orders that outlawed evictions against tenants facing COVID-19 hardship have already expired. Idaho, Iowa and Alabama are among a clutch of states that have allowed evictions to resume.

"Some states — including Arkansas and Georgia (with the exception of Atlanta), never adopted tenant protections, while places like Denver and Massachusetts placed an indefinite ban on evictions.

"A federal moratorium that protects tenants from eviction from FHA-secured properties expires July 25.

"Beyond that date, landlords must give tenants 30 days notice before requiring them to vacate the property, making August 25 a key date on which vulnerable Americans could lose their homes."
The renters were either still working and getting a paycheck (sometimes with a bonus from their employer for working during the shutdown), continuing to draw government benefits (in some cases, such as food stamps, they got enhanced benefits), or were laid off (and probably drawing up to twice the amount of their paycheck in unemployment)...

In the first 2 cases, they should have been able to continue paying their rent as usual, since nothing changed with their financial situation (except for the possibility that they saw a slight increase in their income)...

If they were drawing a larger amount in unemployment, they were in a position to actually GET SEVERAL MONTHS AHEAD on their rent before their unemployment drops back to the normal level at the end of this month...

And don't forget the extra $1,200 that almost everybody got on the stimulus, on top of that!!!

If they get evicted for nonpayment of rent (because they didn't meet their obligations and blew the money on foolishness), they have no one to blame but themselves....
Oh look, another genius that thinks we solve problems by pointing at people and telling them to do better. Stick to watering the crops with Gatorade, professor.
Actually, there ARE some problems you don't solve by "telling people to do better"...

And this is one of them..

You just accept the fact that they're idiots and deadbeats (meaning that they're undoubtedly Liberals), tell them "too bad", and move on, because there's no cure for stupid...
 
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You just accept the fact that they're idiots and deadbeats (meaning that they're undoubtedly Liberals), tell them "to bad", and move on, because there's no cure for stupid...
But they aren't "moving on" anywhere. Come back from wingnut fantasyland.. It would be an economic crisis all its own.
 
You just accept the fact that they're idiots and deadbeats (meaning that they're undoubtedly Liberals), tell them "to bad", and move on, because there's no cure for stupid...
But they aren't "moving on" anywhere. Come back from wingnut fantasyland.. It would be an economic crisis all its own.
I disagree...

Once the deadbeats find a suitable bridge to park that new big screen TV under, the landlord can find a tenant that will actually pay the rent, instead of trying to RIP HIM OFF!!!
 
You just accept the fact that they're idiots and deadbeats (meaning that they're undoubtedly Liberals), tell them "to bad", and move on, because there's no cure for stupid...
But they aren't "moving on" anywhere. Come back from wingnut fantasyland.. It would be an economic crisis all its own.
I disagree...

Once the deadbeats find a suitable bridge to park that new big screen TV under, the landlord can find a tenant that will actually pay the rent, instead of trying to RIP HIM OFF!!!
Then you are wrong. 5,10,15 million households getting evicted may well indeed crash the economy.
 
You just accept the fact that they're idiots and deadbeats (meaning that they're undoubtedly Liberals), tell them "to bad", and move on, because there's no cure for stupid...
But they aren't "moving on" anywhere. Come back from wingnut fantasyland.. It would be an economic crisis all its own.
I disagree...

Once the deadbeats find a suitable bridge to park that new big screen TV under, the landlord can find a tenant that will actually pay the rent, instead of trying to RIP HIM OFF!!!
Then you are wrong. 5,10,15 million households getting evicted may well indeed crash the economy.
Wrong...

5, 10, 15 million households deciding not to pay their rent (and having their landlords lose the properties to foreclosure when they can't make the mortgage payments) may very well crash the economy...

Having a bunch of deadbeats living under bridges won't hurt anything, since the leeches don't contribute anything anyway...
 
Renting is an expensive, short-term option for housing. Owning is generally cheaper in the long run, if you have the money or the steady income to make the payments. Taking responsibility yourself for roofing repairs and other building maintenance will save you a lot of money in the long run, but it's not for couch potatoes.
 
If it happens, there will be mayhem. During a plague. This year's "October Surprise" will be:

 
About 20 years ago rental laws were passed that far benefited the tenant over the property owner. This was the beginning of do gooder local and state and county governments catering to the lower denominator at the expense of the higher one and casting the owner as the bad guy

Yeah there are some slumlords but it’s mostly good people providing good housing for people who far too frequently can’t take care of themselves and try to pin that on the owner.
 
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This is horrible. A lot of states have moritoriums on evictions however the monthly expenses keep accruing, while there is no income to offset it. So when they lift the moritoriums, all that back rent will become due at once, while the tenant may or may not have begun working again. He/she will be in the whole no matter what.

And far too many landlords are/were attempting to initiate eviction proceedings during the time they weren't allowed. Attempting to intimidate and scare people out of their homes without even going through the legal process which they couldn't do because the courts were closed.

It's a bad situation all the way around.
The people living off a government check kept getting that check (and some states actually MAXED OUT their food stamps to help them)...

The people that kept working kept getting their paychecks...

And the people that were laid off made out like bandits!!!

If they decided to not pay their rent and let it pile up, that's on them for being irresponsible!!!
By bandits you mean Wall Street, big corporations, the 1%, the Catholic Church. etc right?
I'm talking about the people that made MORE by being laid off...

Unlike the essential workers (like me), who worked the entire TIME without "free money" (other than the stimulus)...

So if I made it, I have no sympathy for the irresponsible people...
You should be focusing your disgust at Trump and Congress who enriched the rich massively, while throwing peanuts at the people.

Yet more proof our government only cares about the ultra rich.

You do realize that 2/3 of the entire $4 Trillion budget, is money to the people... right?

2/3rds of the budget goes to the public. And you want to claim that only the ultra rich are getting money?

Prove it. Provide evidence.
Just review the Cares Act. About 2/3 of it went to the rich.

Right....... so you are going to ignore almost $3 Trillion dollars in Federal Government money that goes to the general public........ Focus exclusively on one single bill, and claim it all goes to the rich, ignoring literally Trillions of dollars that don't?

Further, I've read up on that, and it's not true.

From what I've read, ZERO money just "goes to the rich". Zero.

The only item in the Cares Act that is actually money that comes from the US government, and can possibly go to rich people, is the guaranteed loans.

But those are LOANS. They have to pay them back, with interest.

Do you have to pay back your Cash Grants you are getting? No. You don't have to pay back the money you get from the government. But the rich people have to pay back the money they get from the government.

Notice a slight difference there?

Other than that, they passed a bunch of tax deductions. A tax deduction is not "rich getting money". They are not getting a check from the government.

A deduction, is just like you taking a deduction. If you take the standard deduction, which allows you to keep your own money, do you claim that government is funding you?

No, because if you didn't work for that cash, you would have no taxes to deduct in the first place.

A deduction is not you getting money from the government.

So.... NO. You are wrong. The wealthy are not getting money from the government.

At least not from what I've read. If you have evidence, provide it.
So you’re going to ignore what happened during the Great Recession, when over 8 million Americans lost their homes due to criminal actions by big banks, rating agencies, and mortgage brokers. Those criminal actors got bailed out. Not the American people.

Now a pandemic shuts down the economy forcing millions of Americans out of work and unable to pay their bills, but you think $600 and unemployment benefits is good enough for the people. You ignore the trillions going to the wealthy.

Criminal actions?

The government did that. Freddie Mac, under the control of Bill Clinton, pushed to force banks to make bad loans, just like Obama was doing at that time.



Andrew Cuomo openly admitted they didn't qualify for loans, and the government forced to the banks to make loans.

Additionally the government guaranteed those sub-prime loans.

In 1996, the Department of Housing and Urban Development set a target for Fannie and Freddie that 42 percent of their investment must go to CRA-eligible borrowers.​

in order to make that happen....
In 1997, the first securitization of CRA loans, by Bear Stearns, was guaranteed by Freddie Mac. Bear Stearns soon issued another $1.9 billion of CRA mortgages guaranteed by Fannie and Freddie. Fannie securitized close to $400 billion of CRA mortgages between 2000 and 2002. Fannie and Freddie were the primary drivers fueling the demand for secondary market subprime securities.​

This is well documented. If the government had not been involved in the mortgage market, the sub-prime bubble and crash in 2008, would never have happened.


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Before the government got directly involved in 1997, sub-prime was a niche market. It would have stayed that way forever.

As soon as the government guaranteed sub-prime loans, with AAA ratings, the market boomed, which caused the bubble, and crashed in 2008.

Banks didn't do that. Government did. Facts over opinion.

Lol. I’m fine with blaming government TOO. They certainly played a part, but if you think the bankers and the others who crashed the economy are blameless, we can’t continue to debate because you aren’t informed.

The government you so despise then bailed out the crooks, while doing little for the American people. Trump and congress just repeated what W and O did. It’s what government does. The rich own the government.


I'll tell you what.... How about we have the government sue you to force you into using asbestos in your home, and then years later we'll call you a criminal and want to lock you in prison for using asbestos in your home.

Does seem logical and fair to you?

Obama sued a bank, to make bad loans.
Clinton through Andrew Cuomo sued banks to make bad loans.

Now you want to blame banks for making bad loans.

How can you blame people for doing exactly what they were forced by the government to do?

Did you read the press release?

In October 1997, First Union Capital Markets and Bear, Stearns & Co launched the first publicly available securitization of Community Reinvestment Act loans, issuing $384.6 million of such securities. The securities were guaranteed by Freddie Mac and had an implied “AAA” rating.​

The banks did not just randomly give bad loans a AAA rating. The rating agencies didn't just randomly give bad loans a AAA rating.

The government through Freddie Mac gave bad loans a AAA rating.

The Mitsubishi Mirage is considered one of the worst cars on the market today. If the government started guaranteeing the quality of the Mirage, do you think sales would increase? Of course they would. Do you think Mitsubishi would double or triple production? Of course they would. Do you think people would start buying them? Of course they would. Do you think the value of these cars would double or triple? Of course they would.

And when the truth came out, that shockingly they still suck... the market for these cars would crash. People who paid $30,000 for a government guaranteed quality car, would end up with a $10,000 junk car. The would default on their loans, and there would be a crash of repos.

Did the "market" do that? No. Government did it. Not a single Sub-prime loan anywhere in the country, would have a AAA rating, if the government had not done it.

Absolutely everything, was due to government.

Not one single aspect of the crash, would have happened if government had not specifically made it happen.

The entire derivatives market itself, is in fact a creation of government. Mortgage Backed Securities were created by government.

Absolutely everything, is exclusively because government made it happen.

You saying you want to blame banks, is like you buying a house the government threatened you to buy, and guaranteed the quality, you renting it out and having the house fall in on itself killing the renters, and people demanding you be thrown in prison for it.

You only bought that house because the government itself guaranteed the quality of the house. Now you are going to go to prison, for doing exactly what the government demanded you do.

If we did that to you, you would be losing your mind in rage at your unjust treatment. But that is exactly what you are doing yourself.
 
This report was posted on other threads:

10 Jul 2020 Renters, Homeowners Face New Phase of Coronavirus Crisis with Evictions, Foreclosures Looming
Your link:

"Federally mandated foreclosure moratoriums were granted to homeowners with government-backed loans when the crisis began, but those will begin to expire on August 31.

"Until then, the CARES Act prohibits lenders and servicers from initiating or finalizing foreclosure proceedings.

"Borrowers already facing foreclosure before the measure was put into place are in the most imminent jeopardy, while homeowners with FHA-insured mortgages that are in good standing are eligible for up to a year's worth of delayed payment forbearance, if COVID-19 impacts their ability to continue payments."

We could be living in a very different country this time next year regardless of who wins in November.

Only if we continue this nonsense. It all depends on if Democrats force a non-stop lock down. Yeah, could turn this country into a socialist Venezuela Hell Hole.
 
I’m sure they love their Democrat mayors and governors preventing them from working to pay the rent.
How do you pay the rent by overloading local medical infrastructure? Trump is too stupid to handle this pandemic, and anyone paying attention knew it long before he became POTUS.

Not happening though. Simply put, it isn't happening. The medical infrastructure isn't overloaded, and never was.

Remember the situation now, is still not has bad as it was during the first month of the outbreak.

It didn't overload us then. So why would now when the death rate is much lower, would it be a problem?

Here in Ohio, they setup a huge emergency ward in the convention center. All setup for the huge massive influx of critical Covid-19 death patients.

Never used it. Never. They tore it down already. Waste of money.

The Covid-19 panic scare nonsense is costing the economy far more money and resources, than Covid-19 itself.
 
Apparently the cons in this thread have no problem with socialism for the wealthy, but they really like the poor getting the shaft.
Sometimes I suspect most conservatives secretly long for the Divine Right of Kings?

US conservatives consistently ignore how the rich use government to redistribute national income and wealth upwards:


https://www.cepr.net/documents/cns_policies_2006_07.pdf
"Conservatives have managed to dominate the national debate on economic policy over the last quarter century.

"They have implemented a wide range of policies that have had the effect of redistributing income from those at the middle and the bottom to those at the top.

"This effort has been successful in part because conservatives never acknowledged the government’s role in this upward redistribution, claiming all along that it was simply the natural workings of the market."

But that's what Left-wingers want. Hugo Chavez, was practically a divine king in his country. If you had something he wanted, he simply confiscated it from you. Your homes your land, your business, everything you worked for in your life, if he wanted it, he stole it.

And that's been true of every socialist in human history. That's what your left-wing ideology is all about.

Someone has something you want, so you take it, using the power of government.
 
dumb fuck it's your link the 1 in 5 includes illegals
and I guess those democrat governors who shut those people out of a job must answer to these unemployed people in their states of responsibility
You mean those people working in essential jobs like food processing and sanitation? You bigots should take a little more responsibility for putting an imbecilic con man in the White House and worry less about migrants without white skins.
I think it's great. Every time you post a whiny toddler temper tantrum about Trump.... makes me glad he's in office.

Please continue screaming about him more. Makes me smile every time. :)
 
The sky is falling, Chicken Little; better run, cluck, run. Surely you do get off on this kind of doomsayer porn. Get a clue and disavow your mighty democrat politicians who cried wolf and cut the heads off millions of low income family livelihoods all in the name of looking prettier when the time comes for Biden his time to select a running mate. The cycle cycles. The democrats live their own contradictions. Enjoy!
It's all one big hoax and Trump is a stable genius, right, Roger?
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Renters, homeowners face new phase of coronavirus crisis with evictions, foreclosures looming

"For renters, a handful of state and local orders that outlawed evictions against tenants facing COVID-19 hardship have already expired. Idaho, Iowa and Alabama are among a clutch of states that have allowed evictions to resume.

"Some states — including Arkansas and Georgia (with the exception of Atlanta), never adopted tenant protections, while places like Denver and Massachusetts placed an indefinite ban on evictions.

"A federal moratorium that protects tenants from eviction from FHA-secured properties expires July 25.

"Beyond that date, landlords must give tenants 30 days notice before requiring them to vacate the property, making August 25 a key date on which vulnerable Americans could lose their homes."
The renters were either still working and getting a paycheck (sometimes with a bonus from their employer for working during the shutdown), continuing to draw government benefits (in some cases, such as food stamps, they got enhanced benefits), or were laid off (and probably drawing up to twice the amount of their paycheck in unemployment)...

In the first 2 cases, they should have been able to continue paying their rent as usual, since nothing changed with their financial situation (except for the possibility that they saw a slight increase in their income)...

If they were drawing a larger amount in unemployment, they were in a position to actually GET SEVERAL MONTHS AHEAD on their rent before their unemployment drops back to the normal level at the end of this month...

And don't forget the extra $1,200 that almost everybody got on the stimulus, on top of that!!!

If they get evicted for nonpayment of rent (because they didn't meet their obligations and blew the money on foolishness), they have no one to blame but themselves....
Oh look, another genius that thinks we solve problems by pointing at people and telling them to do better. Stick to watering the crops with Gatorade, professor.

Honestly, that is the answer though. Historically that has always been the answer.

Nothing in your life will improve by you sitting around waiting for other people to improve it for you. Nothing.

And if you doubt that, how many hundreds of programs have been created and funded, to help the poor, and the blacks? Hundreds.

You know what group generally has zero programs for them? Asians. And they have the highest standard of living of any group, including whites.

We have programs for native Americans. Programs for blacks. Programs even for Latinos.

Every group that has tons of government sponsored help, ends up being poorer than the average. And the reason why is really simple.

If the only way to actually improve your life, is for you to do the improving.... and government programs by their very nature are you waiting for others to fix your life for you.....

Then naturally people on government support, will remain poor.

At one point, half of all black households were using government assistance in one form or another. How many hundreds of billions of dollars have blacks collected from the government since the 1970s, and yet the poverty rate is still high?

Meanwhile Asian come here, with a work ethic, a moral standard, and have the lowest levels of poverty in the country.
 
noticed that you totally ignored the part where i pointed out how Obama, paid China billions of dollars for an insurance policy for Joe Biden, who gropes women and children, because Joe is , what was it you said before?
Which has nothing to do with the subject matter of this thread. Why do you find it difficult to defend Trump's mishandling of a national pandemic that may soon put 20% of US renters on the streets?

No the lock down could put 20% of renters on the street. Trump didn't do that.

Nor did Trump mishandle the pandemic.

Democrats tried to block Trump from doing anything, with the NO BAN act, that would have repealed, and stripped Trump from being able to stop people from China, from coming to the US with Covid.

 

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