2 Million Households Now Owe $15 Billion in Back Rent

[petro]

Biden should initiate the Federal Free Tents and Shopping Carts program for deadbeats.

 

[gipper]

LOL!

Damn, you funny!

Thank you.

 

[Dont Taz Me Bro]

Man am I glad I sold all my rental properties in 2019

Same. I got rid of my last one a few years ago.

 

[gipper]

Same. I got rid of my last one a few years ago.

I got rid of mine in 2018. I thought I made a killing at the time but if I sold them now, I’d likely make 50% more.

 

[Ray From Cleveland]

Yeah that’s the typical con justification for billionaires paying no taxes. You don’t realize how dumb that is. The system is skewed for their benefit and you’re fine with it, while the poor and working class pay much higher rates. Makes sense to the dumb con.

Income tax and payroll tax are two different things. Income tax actually funds our representatives, our military, bureaucracies, most of our social programs and so on. Yet a little less than half of Americans pay any income tax at all.

If you live the average lifespan in the US, everything you paid into payroll tax you get back and more. You will get much more from Medicare than you and your employers paid in, the same with Social Security. The other taxes are local such as city and state which are services you get every day and night.

The real solution to this problem is everybody pay income tax via a consumption tax system. You pay tax when you buy anything in this country. The poor will pay less since they don't purchase many things. The wealthy will pay more since they buy a lot of things, and high quality merchandise at that. If you work under the table, earn money illegally such as prostitution, drug sales and illegal gambling, you still have to pay income taxes because you still need to buy things.

 

[Ray From Cleveland]

Most landlords are "small time" meaning that they rent rooms of the building they occupy or simply rent one or two houses they have purchased.

Single family housing bubble has popped. Too expensive and unobtainable for new construction. Multi-family housing demand is rising... probably will continue till it too becomes another bubble that will pop... maybe an equilibrium will be reached.... unlike what has happened in China and junk bonds. (We now have laws and practices to keep such things from happening)

And Chuck Schumer? He's a politician paying off favors for constituents. What else would he do?

The rental market has been on fire for at least the last ten years, and all indicators are that it's not going to get better for renters anytime soon. Some cities are instituting rent control because the demand is so much higher than supply.

It's no bubble at all really because the cost to buy a new home isn't going down and the disinterest in owning your own home isn't either. This may be a continued trend for the next couple of decades, so there will be no bust because it's not artificial like the housing and tech bubbles and busts.

 

[Ray From Cleveland]

The federal Covid relief bill has 10s of billions in it for renter/landlord relief that was given to the states to distribute.

This was 4 months ago, the states got the money for renters/landlords and the states have only distributed 5% of the relief money.

The states are not doing their job in getting this relief in to the hands of renters and landlords.

Do you have a reliable link to back up this claim?

 

[gipper]

The rental market has been on fire for at least the last ten years, and all indicators are that it's not going to get better for renters anytime soon. Some cities are instituting rent control because the demand is so much higher than supply.

It's no bubble at all really because the cost to buy a new home isn't going down and the disinterest in owning your own home isn't either. This may be a continued trend for the next couple of decades, so there will be no bust because it's not artificial like the housing and tech bubbles and busts.

That’s what many thought before the Great Recession. They were wrong as are you. Real estate is in a bubble and it will burst.

 

[WEATHER53]

I would never lie about your constant whining.

That’s why his name is griper

 

[gipper]

Income tax and payroll tax are two different things. Income tax actually funds our representatives, our military, bureaucracies, most of our social programs and so on. Yet a little less than half of Americans pay any income tax at all.

If you live the average lifespan in the US, everything you paid into payroll tax you get back and more. You will get much more from Medicare than you and your employers paid in, the same with Social Security. The other taxes are local such as city and state which are services you get every day and night.

The real solution to this problem is everybody pay income tax via a consumption tax system. You pay tax when you buy anything in this country. The poor will pay less since they don't purchase many things. The wealthy will pay more since they buy a lot of things, and high quality merchandise at that. If you work under the table, earn money illegally such as prostitution, drug sales and illegal gambling, you still have to pay income taxes because you still need to buy things.

No. The real solution is eliminate the numerous tax rules that benefit the wealthy and tax the shit out of them.

Then eliminate the war and intelligent budgets in their entirety and direct that enormous amount of money to help the poor and working class.

Then eliminate private funding of political campaigns, with long mandatory prison terms for those who try to influence politicians with money. Then eliminate the two party structural impediments to third parties.

These are real solutions that will never be implemented by our right wing fascist imperialist corporatist government.

 

[Care4all]

Do you have a reliable link to back up this claim?

Rent relief efforts slowly ramp up as millions could soon face eviction

With just over a week left until the federal eviction ban expires, the race to get emergency rent relief to as many struggling tenants and landlords as possible is in its final stretch.

www.cnn.com

House Speaker Nancy Pelosi, in explaining the need to extend the eviction ban, noted that out of $46.5 billion in rental relief previously approved by Congress, "only $3 billion has been distributed to renters."

U.S. COVID-19 eviction ban expires, leaving renters at risk

A pandemic-related U.S. government ban on residential evictions expired at midnight on Saturday, putting millions of American renters at risk of being forced from their homes.

www.reuters.com

 

[gipper]

Rent relief efforts slowly ramp up as millions could soon face eviction

With just over a week left until the federal eviction ban expires, the race to get emergency rent relief to as many struggling tenants and landlords as possible is in its final stretch.

www.cnn.com

House Speaker Nancy Pelosi, in explaining the need to extend the eviction ban, noted that out of $46.5 billion in rental relief previously approved by Congress, "only $3 billion has been distributed to renters."

U.S. COVID-19 eviction ban expires, leaving renters at risk

A pandemic-related U.S. government ban on residential evictions expired at midnight on Saturday, putting millions of American renters at risk of being forced from their homes.

www.reuters.com

It’s absurd to think Nancy and Joe couldn’t have stopped this action long ago. They easily could have continued rent relief if they wanted to. They know where their bread is buttered and it’s not from the poor.

So once again the two criminal gangs align to screw the poor, while enriching the rich. Same old story, but wingers just can’t wrap their heads around it.

 

[Care4all]

It’s absurd to think Nancy and Joe couldn’t have stopped this action long ago. They easily could have continued rent relief if they wanted to. They know where their bread is buttered and it’s not from the poor.

So once again the two criminal gangs align to screw the poor, while enriching the rich. Same old story, but wingers just can’t wrap their heads around it.

Supreme court Recently ruled the CDC ordering the No Evictions Moratorium was unconstitutional, it has to come from congress through legislation passed in both the house and senate and signed by the president....

That's why the CDC director will not extend the moratorium, as they have been doing since last year.

Apparently there are enough Republicans in Congress to stop this legislation, from happening.

My point, is the BAIL OUT MONEY has been there since 2020 for renters/landlords and an even bigger chunk, about an additional $25 billion in this past March 2021 in relief.

It's a State bureaucratic boondoggle and not getting to the renters and landlords in need.... Which would prevent evictions.

 

[gipper]

Supreme court Recently ruled the CDC ordering the No Evictions Moratorium was unconstitutional, it has to come from congress through legislation passed in both the house and senate and signed by the president....

That's why the CDC director will not extend the moratorium, as they have been doing since last year.

Apparently there are enough Republicans in Congress to stop this legislation, from happening.

My point, is the BAIL OUT MONEY has been there since 2020 for renters/landlords and an even bigger chunk, about an additional $25 billion in this past March 2021 in relief.

It's a State bureaucratic boondoggle and not getting to the renters and landlords in need.... Which would prevent evictions.

All of that is meaningless. Old Joe has the power to continue it, as does old Nancy. I hope you aren’t suggesting their hands are tied, because that’s BS.

 

[Moonglow]

Biden should initiate the Federal Free Tents and Shopping Carts program for deadbeats.

Yes indeed since shopping carts are not cheap.

 

[Moonglow]

All of that is meaningless. Old Joe has the power to continue it, as does old Nancy. I hope you aren’t suggesting their hands are tied, because that’s BS.

It is time for it to be over and the pain worked through.

 

[gipper]

It is time for it to be over and the pain worked through.

Yet no one ever says this about Wall Street and the TBTF banks.

Kicking poor families to the curb in a pandemic is the American Way. Just as bailing out the rich forevermore is the American Way.

Mere consequences of having a government for sale to the highest bidder

 

[Moonglow]

Yet no one ever says this about Wall Street and the TBTF banks.

Kicking poor families to the curb in a pandemic is the American Way. Just as bailing out the rich forevermore is the American Way.

Mere consequences of having a government for sale to the highest bidder

It is disgusting yet there is not much anyone can do when we act civilized about it.

 

[Moonglow]

I have always advocated for home ownership yet the way the tax laws on real estate are written you really never own the land or the house. They have us by the balls and always have in the US along with the rest of the world, how obviously insidious of humans..

 

[bendog]

It is time for it to be over and the pain worked through.

Yeah, there are vaccines out there, and jobs. And schools are opening up down here next week. And people will find new places to rent even if they don't pay back rent.

One thing that doesn't appear to be discussed in this story and the rising housing prices is that we actually had a housing SHORTAGE before covid. And lumber prices went wayyy up before coming back down.

Lumber prices have fallen, but the stage is set for a potential 65% rally through the end of the year, an expert says