Pittsburgh landlords sue the city over eviction moratorium

get these nets

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I love the alt-right poster @BucciMane trying to @ me into this thread then getting shook and deleting my name. :russ:


Y'all have a bigger problem with landlords taking a profit hit during the pandemic than you do with people going homeless during the pandemic. And just ignore that landlords whose tenants aren't paying up can apply for the government program that covers much of that lost rent. But that's not enough for y'all.


American Capitalism y'all. :francis:
From 2005 to March 2020, landlords made historically high profits. No one talks about that.

If they didn't, just ask them when was a good time period when they made profits that they were happy about.
Here's the thing though. As was recently revealed when Biden altered the PPP guidelines, many Black businesses are no employee or under 20 employees.
They are small businesses, but they don't fit the profile of what a typical small business usually means. Black business advocates had to fight to get the administration to alter the guidelines. Many Black owned businesses didn't qualify for the first round.
By the same token, the profile of the wealthy landlord making record profits doesn't apply to many Black rental property owners. Some will not recover from this economic downturn, and will lose their properties.
 

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By the same token, the profile of the wealthy landlord making record profits doesn't apply to many Black rental property owners. Some will not recover from this economic downturn, and will lose their properties.
Like I said, they can apply for landlord assistance from the government.

But let's imagine the absolute worst-case scenario, where they lose their investment property due to Covid. They're still 100x better off than the person who doesn't have a home at all.

And one thing y'all ignore is that if evictions were as high as you want them to be, supply would vastly outstrip demand and the rental market would plummet. So chances are even if you evicted the family, you still wouldn't be able to rent out the place anyway and if you did it would be at a serious discount. You're better off just letting the family stay in their home and getting your expenses covered by the feds anyway.
 

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Like I said, they can apply for landlord assistance from the government.

But let's imagine the absolute worst-case scenario, where they lose their investment property due to Covid. They're still 100x better off than the person who doesn't have a home at all.

And one thing y'all ignore is that if evictions were as high as you want them to be, supply would vastly outstrip demand and the rental market would plummet. So chances are even if you evicted the family, you still wouldn't be able to rent out the place anyway and if you did it would be at a serious discount. You're better off just letting the family stay in their home and getting your expenses covered by the feds anyway.

If evictions were as high as WHO wants them to be?
I don't want evictions to be high. That's a tangent.

You casually dismiss a person potentially losing their HOME, as "oh, well they're better off than an evicted tenant"
???
Is this for real. The numbers are not in front of me, but a good % of Black people who own rental property are owner occupiers.
They lose their "investment property", they lose the place where they live also.

I brought up the reality of Black business owners in the other post to clarify that , in general, Blacks who own rental properties live a different life than whatever the public perception of landlords might be.
 

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If evictions were as high as WHO wants them to be?
I don't want evictions to be high. That's a tangent.
As high as they'd be if landlords could evict at will during the pandemic. You can't advocate for policies and then ignore their inevitable result.




You casually dismiss a person potentially losing their HOME, as "oh, well they're better off than an evicted tenant"
It's not their fukking home if they're renting it out to someone else, that's the whole point. :dwillhuh:

If they're in danger of losing their HOME, that they pay a mortgage on, then they can apply for mortgage assistance and are getting a lot of the same protections against losing it that the renters are getting. They also should reevaluate their investment strategy if they're dumb enough to own a mortgage they can't be sure of paying off and then went into debt to own a 2nd property that they can't keep above water either. But you can't pretend that there are a ton of landlords losing their own homes during the pandemic, come on now.




Is this for real. The numbers are not in front of me, but a good % of Black people who own rental property are owner occupiers.
They lose their "investment property", they lose the place where they live also.

I brought up the reality of Black business owners in the other post to clarify that , in general, Blacks who own rental properties live a different life than whatever the public perception of landlords might be.
Owner-occupied mortgages are currently protected from foreclosure as well as eligible for mortgage relief via the CARES act as well as additional federal agency rules that have been implemented since then.
 

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As high as they'd be if landlords could evict at will during the pandemic. You can't advocate for policies and then ignore their inevitable result.





It's not their fukking home if they're renting it out to someone else, that's the whole point. :dwillhuh:

If they're in danger of losing their HOME, that they pay a mortgage on, then they can apply for mortgage assistance and are getting a lot of the same protections against losing it that the renters are getting. They also should reevaluate their investment strategy if they're dumb enough to own a mortgage they can't be sure of paying off and then went into debt to own a 2nd property that they can't keep above water either. But you can't pretend that there are a ton of landlords losing their own homes during the pandemic, come on now.





Owner-occupied mortgages are currently protected from foreclosure as well as eligible for mortgage relief via the CARES act as well as additional federal agency rules that have been implemented since then.

The stop gap measures you're talking about are forbearance and delays.

They help, as did some of the 2020 rent assistance/relief grants that some states released.

The current reality is that unless legislation is passed, borrowers are in arrears for all the missed mortgage payments and will eventually have to pay the lender. Or lose the property.
 

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Being a landlord can be a headache, but what's the alternative? Selling your parents' home?

Nah. Keep the property in the family. Hire a property management company if you don't want to deal directly with problems.
A once in a lifetime medical/financial crisis shouldn't make you reconsider leasing that property.

I was just going to say this. Making some profit is better than no profit
 

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The stop gap measures you're talking about are forbearance and delays.

They help, as did some of the 2020 rent assistance/relief grants that some states released.

The current reality is that unless legislation is passed, borrowers are in arrears for all the missed mortgage payments and will eventually have to pay the lender. Or lose the property.
That's an odd goalpost shift because the shyt y'all complaining about in the OP is just forbearance and delays too. Those renters still owe the back rent. They will still have to pay the landlord or go bankrupt.

But you're also wrong - it's not just forbearance and delays for landlords, there are federal programs to replace a portion of the missing rent as well.
 

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Have the government force people to live in your house against your will bruhs!
Sounds like most people in here are saying it ain't their house anyway, it's the bank's house and they just living there so long as they make their payments and the bank allows. :yeshrug:
 
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