Pittsburgh landlords sue the city over eviction moratorium

[Secure Da Bag]

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.

Now that part is what confuses me. If the missing rent is being covered by the government, then what's really the problem? Is the application process too cumbersome? Hit or miss? Doesn't cover enough of the expenses? Do those landlords know that program even exist?

 

[BucciMane]

Weird, @Rhakim hating "landlords" that he likes to make them seem as if they are all making millions each year.

This dude is a complete fool, and there is no way you actually run a profitable business with the takes you have here. Hate landlords and hate personal accountability for anything.

 

[BucciMane]

I’m here in Pittsburgh. I am dealing with this directly. Helping my parents with their rental properties and one of them is causing major issues. We are fighting in court but it’s fukked up.

Good luck to them.

People like @Rhakim think your parents are pretty much thieves that don't deserve to make money on their rental properties. He thinks they didn't work hard at any point in their lives and lucked into owning those properties.

Good luck, from someone that recognizes hard work..

 

[BucciMane]

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.

He believes anyone that makes a decent living, especially someone that makes money as a "landlord" is a scumbag. He can deny it all he wants, but that's a fact.

 

[88m3]

Idk why some of you guys would say such mean spirited horseshyt to other posters on here who are clearly going through a hard time but it's wrong and you're wrong to do it.


Also a pandemic and the governments response isn't a "downside risk" it's an extraordinary event and declared national disaster that warrants compensation from the government. Insurance companies are also refusing to pay out claims on policies that would normally be covered due to it.

 

[Conan]

He believes anyone that makes a decent living, especially someone that makes money as a "landlord" is a scumbag. He can deny it all he wants, but that's a fact.

No he doesn't

It's just that homelessness is more of an issue than landlords losing their rental properties.

Now ideally, renter protections would come hand in hand with provisions that halted mortgage payments for landlords in need. But as with the many businesses that have failed during the pandemic, if you're over leveraged, depending on tenants to keep a mortgage you were fortunate enough to get, then the amount of sympathy you should get is capped as far as I'm concerned. If you own the house you rent out, won't be too many issues

I will say that eviction moratoriums as has been applied in the last year, are like putting a bandaid on a wound that needs stitches.

 

[CoryMack]

This has caused me to rethink leasing out my parents home when it’s handed to me. I don’t want to have to deal with shyt like this.

If you’re in a state with a high military pop look into renting to someone in the military. You’ll get paid and they usually take real good care of the property.

 

[Atlrocafella]

If you’re in a state with a high military pop look into renting to someone in the military. You’ll get paid and they usually take real good care of the property.

Good looks on that

 

[88m3]

NYC’s Small Landlords of Color Among Those Battling for Survival Amid Rent Moratorium


Considering how much we talk about the erosion of black wealth and missteps of the 2007/8 financial crisis on here the fact some people here are now willing to be like "let them eat cake"

 

[Conan]

NYC’s Small Landlords of Color Among Those Battling for Survival Amid Rent Moratorium


Considering how much we talk about the erosion of black wealth and missteps of the 2007/8 financial crisis on here the fact some people here are now willing to be like "let them eat cake"

You do know the 2007/08 financial crisis, which disproportionately fukked Black people, was all about people being given mortgages they had no business having? And to a lesser extent, if you're losing your rental property due to this pandemic, it begs the question of whether you were suited to serve as secondary lienholder (to the bank) in the first place

Second, regarding the erosion of black wealth, as much of a tragedy it is (we can all agree on that), you want to know what really kills wealth? Homelessness.

It is a tragedy all around when your financial plans get fukked up due to extraneous factors, however when the focus is solely on the "poor landlords" (who had the disposable income to put down a hefty down payment)... That focus should be pointed out as misguided.

 

[88m3]

You do know the 2007/08 financial crisis, which disproportionately fukked Black people, was all about people being given mortgages they had no business having? And to a lesser extent, if you're losing your rental property due to this pandemic, it begs the question of whether you were suited to serve as secondary lienholder (to the bank) in the first place

Second, regarding the erosion of black wealth, as much of a tragedy it is (we can all agree on that), you want to know what really kills wealth? Homelessness.

It is a tragedy all around when your financial plans get fukked up due to extraneous factors, however when the focus is solely on the "poor landlords" (who had the disposable income to put down a hefty down payment)... That focus should be pointed out as misguided.

corporate landlords> black middle class and lower middle class landlords is what you're saying

You do realize that some landlords live in the home they are renting out right?

You sound just like an old Republican the way you're willing to fukk over middle class people


It's the state's job to deal with homelessness.

Black people shouldn't have to fall even further just to combat homelessness

Real estate often serves as the only asset/income/retirement/inheritance for Americans with the killing of pensions, pitiful social security payments, and what the stock market has become.

 

[Conan]

corporate landlords> black middle class and lower middle class landlords is what you're saying

You do realize that some landlords live in the home they are renting out right?

You sound just like an old Republican the way you're willing to fukk over middle class people


It's the state's job to deal with homelessness.

Real estate often serves as the only asset/income/retirement/inheritance for Americans with the killing of pensions, pitiful social security payments, and what the stock market has become.

Where did I say that?

For the record, motherfukk corporate landlords. I'm sympathetic to mom and pop landlords but only up to a certain point, and definitely not over tenants.

I do realize that some landlords live in their own house. Mine does (God bless her). But the fact of the matter remains that if you need the tenant's rent to stay above water then you are in a risky situation.

I agree the state should deal with homelessness.

Regarding the stock market, what has it become? It's more of a guarantee for building wealth than real estate IMO. Assume an average of 10% from an aggressive ETF, that beats most real estate scenarios. I think us black people prefer our investments to be in something tangible (hence real estate) but few talk about the downside risk.

 

[get these nets]

NYC’s Small Landlords of Color Among Those Battling for Survival Amid Rent Moratorium


Considering how much we talk about the erosion of black wealth and missteps of the 2007/8 financial crisis on here the fact some people here are now willing to be like "let them eat cake"

The Black wealth discussions across this board have proven to have been lip service for some.

 

[get these nets]

corporate landlords> black middle class and lower middle class landlords is what you're saying

You do realize that some landlords live in the home they are renting out right?

You sound just like an old Republican the way you're willing to fukk over middle class people


It's the state's job to deal with homelessness.

Black people shouldn't have to fall even further just to combat homelessness

Real estate often serves as the only asset/income/retirement/inheritance for Americans with the killing of pensions, pitiful social security payments, and what the stock market has become.

Resentment towards people who were able to acquire property.

 

[Secure Da Bag]

I’m here in Pittsburgh. I am dealing with this directly. Helping my parents with their rental properties and one of them is causing major issues. We are fighting in court but it’s fukked up.

The gov't has programs that will help cover those mortgages. Have you applied to them? Where you denied? Did they not cover enough of your expenses?