It is very important that Americans vote in the upcoming election. If you’ve voted, tag your post #IVoted!
MLTSHP
  • Popular
  • Join us! Sign up to post images and create your own shake.
    Sign Up!
  • sign in

gush forth my tears

No alt provided
alt text
source: https://twitter.com/yungchom...

soundtrack https://www.youtube.com/watch...
5 years ago

BoringPostcards pro

  • 1062 Views
  • 2 Saves
  • 24 Likes

Post URL

https://mltshp.com/p/1I8SY

In These Shakes

  • BoringPostcards
  • Post to Facebook
  • Post to Tumblr
Mr_Encyclopedia pro 5 years ago
You love to see it.
macmanx pro 5 years ago
So, a little inside perspective, real estate is the family business (which I didn't go into). I always consider myself more on the side of tenants (I am one myself in fact), not that anyone in my family is a sleazy landlord (being extremely fair and forgiving is in the company's DNA) but this is a supremely shitty situation.

So, most states have implemented 2 laws which are supremely helpful right now. In general, it boils down to folks don't need to pay rent, and folks don't need to pay their mortgage right now.

And that's great, but there's one problem. Most landlords are above the income bracket that's allowed to skip mortgage payments. So, tenants don't have to pay rent, but the landlords still need to pay their mortgage.

And I know, I know, boo-hoo, but consider for a moment a small-time landlord who only owns one building, like this one here. As he said, it's his only source of income. One month of no income while still being expected to pay the mortgage is probably going to be ok, but two months is where things probably get tight, and what happens to those tenants when the landlord goes bankrupt?

Anyway, thanks for coming to my TED talk. These are strange times.
travis pro 5 years ago
@macmanx I don't think this would happen to anyone that isn't a good landlord
macmanx pro 5 years ago
@travis I think you meant "anyone that *is* a good landlord," but yes fair point! :)
ardgedee pro 5 years ago
@travis Not sure. If the tenants are unilaterally unable to pay rent because they've all been laid off simultaneously, is it better for them to try dodging the landlord for as long as they can, or to be straightforward about the circumstances?
mcmjolnir pro 5 years ago
There should still be mortgage relief for someone in this situation. It doesn't make sense to fuck with housing this way.
LocalStain pro 5 years ago
The OP is a wild ride- https://old.reddit.com/r...
macmanx pro 5 years ago
Huh, cool, looks like mortgage payments are now ok to be skipped for everyone: https://twitter.com/GavinNew...

I hope the original landlord is in California. 😂
pk pro 5 years ago
Money isn't real. Time is an illusion. We are mostly just water.
wombatman70 5 years ago
@pk ugly giant bags of mostly water
lonely-chair 5 years ago
It's almost like, just maybe, a social safety net could be beneficial for all citizens.
deletism 5 years ago
Nah. Fuck the landlords. Fuck em all.
macmanx pro 5 years ago
@XYLENE You are correct, more details at https://www.npr.org/sections... fun times.

@deletism Oof, see large comment above, but whatever you do you.
jonson 5 years ago
@macmanx thanks for that. Also, this is me. Unemployed since 2015, unable to get another job in the industry I spent the prior 22 years in, I've been living off of a couple buildings I bought with my life savings. Finally took a HUGE fucking risk & borrowed a couple million to build a 16 unit apartment building. It will be the only source of income for feeding my kids & paying our utilities, etc. I can't imagine the government will waive my obligations to the giant bank that granted us the loan, but I'm 100% sure they will waive tenants obligations to pay rent. I'm not price gouging or evicting people, I'm not being in any way shitty, but I'm definitely gonna be in really bad shape here. Building is miraculously still under construction, hopefully (but doubtfully) things will improve come summer when it's finished.
regina 5 years ago
As someone who is subletting their apartment right now, my subletter has just informed me she doesn’t want to travel back to Belgium right now so is not leaving the apartment as planned and agreed upon at the end of this week. Oh and she cannot pay to stay longer so.... My husband and I are literally stuck in Australia, have lost income, return flights, and a whole bunch of other unexpected expenses. I have $20 in my account. I offered her a significantly reduce rent, but she refused and now there is literally nothing I can do short of calling the cops to get her out. And I don’t even know if that would work. We can’t stop paying the bills for that apartment! We are actually paying for her to stay there. There was no discussion about it, she just stated she wasn’t leaving. So sometimes there are two sides to every story.
travis pro 5 years ago
@macmanx whoops! I have trouble with double-negatives.
@ardgedee I dunno, getting 32 households to simultaneously agree on anything is pretty incredible, I'd bet money that this is a shitty landlord
UhhhClem pro 5 years ago
The point is that landlords should be getting off their asses and getting Congress to vote for a relief package that will actually stop the oncoming depression by giving people money they can spend.
poorusher 5 years ago
If it's your sole source of income then it's a risk. Like any other business.
pk pro 5 years ago
@wombatman70 leave my fetish out of this ;__;
pk pro 5 years ago
@UhhhClem 👈ding ding ding! This. But then they'd have to acknowledge that money isn't real, so... *hugs ugly giant bag of mostly water*
macmanx pro 5 years ago
@UhhhClem I’d say that’s up to way more than just landlords. At least the ones I know have been campaigning for this since it was brought up. They’re well aware that a $1,200 check that barely (and in many cases doesn’t) pay rent is no good for them either.
Lofta 5 years ago
Here ( France ) We just emailed our banks ( got 3 mortgages, one for house, one for office, one for wife's office): all 3 banks have responded in 3 days with new mortgage plan that freezes the actual ones for 3 to 6 months. Meaning no more payment until this is over. No fees, just postponed.. That seem to be a good solution and helps everyone for sure.
ardgedee pro 5 years ago
@XYLENE Not sure about endemic. I'd initially heard that coronavirus does not leave long-term immunity after recovery, but now I'm hearing that it does. Which means reinfection rates will be very low and that coronavirus will eventually flare out. It's just gonna take a while.
JBrianK pro 5 years ago
@ardgedee The really good news is that the viral replication machinery has a much higher fidelity rate than flu, meaning the mutation rate is much lower. That should translate to less immune evasion and longer long-term immunity.
JBrianK pro 5 years ago
I'll be honest. I don't really understand the hatred of landlords. Yes there are shitty people who are landlords, but there are shitty people in every profession.
deaduncledave 5 years ago
Former renter. Former landlord. Former business owner.

Guess what, this is the risk in running your own business. This is where you should've had a side-hustle. This is where you shouldn't have bitten off more than you could chew. This is where you should've had emergency savings.

This is where most people failed to plan for risk. Yeah, I've done dumb things too, and paid for them. My sympathy for the landlords, my empathy for the renters.

Follow @best_of_mltshp on Mastodon

Are you a developer? Check out our API.

© MLTSHP, a Massachusetts Mutual Aid Society venture All Rights Reserved

  Terms of Use   Code of Conduct   Contact Us

Follow The MLTSHP User!