One of the reasons why the public outcry over the pandemic restrictions has been so muted is that the full costs of the lockdowns are often obscured by government edicts that prevent markets from making those costs known. This weekend, one of those edicts finally expired.
As many as 1.95 million households across America owed a collective $15 billion in back rent when a nationwide eviction moratorium expired this weekend, according to Federal Reserve Bank of Philadelphia estimates.
That number will reach 2 million by December, according to the report released Friday. In Pennsylvania, about 60,000 renter households will owe $412 million come August.
Oh my, they are flicked. It is time, though … back to your jobs, takers.
Take the time to write the headline correctly.
Fuck sakes.
Hey Keyboard warrior, go play with your English Major or should I say Minor…
How did you know I minored in English?
Don’t be such a racist.
A preference for Ebonics does not imply a race. It implies a lack of respect for the language and the audience.
It never occurred to these folks that the stimulus checks and the extended and multiplied unemployment benefits were meant to pay for things like rent, instead of so much crap from Amazon.
No, all according to plan.
“we need a way to push all our evip capitalist narratives at the same time”
“hey, let’s give everyone enough money to pay their rents. at the same time, we will tell them they cannot be evicted for not paying their rent”
They knew exactly what they were doing. Setting a timer, on a bomb.
FYI, your helping them with “gee, must have been a mistake by well intentioned people”, is so common, it does not merit a mention.
I agree with your analysis. When it comes to Dems, I never ascribe anything to stupidity that can be explained by evil intentions.
I know that I ain’t that bright and miss a lot, but I still like to try and figure things out (including where I went wrong). On the surface, this does not strike as a good situation and complex as hell to me to boot. If I am reading things right, it sounds like a crap ton of people who couldn’t pay rent are going to be evicted and landlords are going to have a heck of a time getting back rent from people who couldn’t pay the rent before—getting blood from a stone sort of thing. Crappy situation for all involved is probably an understatement. What happens to the housing market when both housing supply and demand are flooded but people don’t have the cash to pay? If things stay civil, my guess is that rents are going to drop, and property values consequently decrease as they try and find a new balance. That makes me wonder about the impact on banks, mortgages and the bailouts of 2009? It gets both messy and way beyond me fast. Maybe someone can shed some light.
I couldn’t imagine not being paid rent for a year. I would have just sold or something. Having landlords subsidize their lockdown bullshit is insane but expected from the stupid bastards I’m charge everywhere. My only solace is a lot of landlords are boomers who deserve every bit of pain.
Yes, many did try to sell. Who would buy under those conditions?
“12 unit rental for sale, 12 tenants who cannot be evicted, and have not paid renr for a year”
They wanted landlords bankrupt. They want more homeless. All according to plan.
And now the stupid party is between the rock and the hard place. Again. Should have said no from the beginning.
The earlier you start to resist, the easier it is.
EVIL PARTY. Not the stupid party.
Ahem, It obviously needs to be repeated, “You will own nothing, and be happy”. It is intentional, as others would say, a feature, not a bug. The evil ones have planned this for a long time, and I’m sure they’ve at least tried to think of everything. Now for those of us that have managed to pay off our mortgages and debt, and don’t have rental properties to bankrupt us, the planned hyperinflation will cause us to deplete our savings, and sell the evil ones our houses, just to stay alive and buy groceries. So, yeah, us mortgage free boomers will be next after the landlords have lost their net worth. They are boiling a very slow witted complacent frog, and we are the frog. You will own nothing, and be happy, whether you like it or not!
James, Why? Oh, just sell with rent control laws – -easy! Not so much.
You cheering for boomer demise. We never did anything to you except love, feed and raise you. F—off ungrateful brat. Anything we accumulated goes to a real charity, not you.
Good luck trying to be a grown up landlord. Back to the basement.
You shutdown the whole world to save your asses in a final selfish act. Every single disastrous policy that’s lead to the demise of western civilization was concocted by boomers. Shipping jobs over seas, pricing your kids of out housing to make a payday, gold plated pensions etc etc etc.
Boomers didn’t do any of that, Dem hacks that just happen to be boomers did that. And a bunch of your gen, AKA the Squad aren’t doing you any favors either..
Exactly. Canada did not have a boomer as PM until 2006, so yell at your grandparents, James.
“My only solace is a lot of landlords are boomers who deserve every bit of pain.”
You represent a generation or two of spoiled brats impatient to inherit what they couldn’t make, and mad because they’re no longer their parents’ sole passion.
Those bumper stickers – “I’m spending my kids’ inheritance!” – only became popular once your parents realized that you only saw them as cash cows.
I had a t-shirt once, that said, “Money ain’t worth much, but it keeps the kids in touch”.
It wore out!
Deadbeats gonna deadbeat. If I were a landlord I would have set the property on fire by now.
What about unpaid property taxes? If landlord can’t cover his costs then who pays the taxes. The governments created a nasty little catch 22 here.
Government seizes everything for non-payment of taxes, continues to house non-paying tenants…..Voila.. the gubermint as Savior!
So this is the fulfilment of Klaus Schwab’s statement “You will own nothing, and be happy about it.”
The gov’t comes in and says to landlords and renters alike: “We’ll pay off you debts, but you will agree to take the jab and give up your rights to own property. There, there, be a good little zombie and you’ll get a UBI too.”
The quantity of vacant commercial real estate in my town is growing enough that people are going to start noticing.
The courts will intervene on a case by case basis, and there will be no mass evictions. However, many landlords will lose their property either to upaid taxes or loan defaults. There will be turmoil in the real estate markets, but, again, no one will be put out in the streets.
By design for sure.
As people have lost faith in Govt Pensions and banks,real estate has made the most sense as investment and savings.
Government hates this so the penalties for buying rental properties have steadily ratcheted up.
Having gotten away with ripping off real estate investors they are now proposing to stick the family home with the same extortions.
“Oh.You “made” too much money on the value of your house,Gimmee gimee dat..”
Spanking home owners for the inflation that government spending/borrowing caused.
Not only do we have no rights,no freedoms nor equality before the law,naturally we learn we have no free markets either.
The rape of the landlords is intentional.
How dare they save,scrimp and invest..
Housing is a human right,don’t you know?
One of the true signs of a totalitarian state is all these phoney rights,imaginary citizens have,which are used to strip all your real rights from you.
Hark back to our Supreme Court,where Truth is not a defence,in a Human Rights Tribunal..
Where our imaginary right to be housed can strip landlords of their property.
Where our “right to be protected” has denied us our most basic rights of movement,association and choice in medical care..
Can Ah Duh is so far gone,Justine will be rewarded at the polls for “Saving Us from Dread Covid”.
After a couple more years,the media will be telling us how Justine saved us from bankruptcy…By Bankrupting the Provinces and selling all Canadian assets abroad…
And in the period between Our Supreme Court will insist State Sanctioned Murder,theft and arson are all “For our national good”.
There is no “How Low ?” too low for our progressive comrades.
Just as no politician will ever tell us how much a tax payers “Fair Share” will be.
For there is no upper limit to their stealing.