Corona panic where you live

If my can't pay the rent I can't pay my bills.

 

What happens when they can't pay or move?

 

The loans offered (when they are) they are low interest and long term. That can work. There is no other help.

 

They get evicted.

 

Exactly. There is no real choice but sharing the pain

 

And then you get nothin. Cutting off your nose to spite your face

 

I mean because it is about as lame as you can get right about now

 

Then I lease to someone who can pay the rent

 

SO you think that'd be easy to find in a Recession/Depression? No cut in rent? What about those lost months trying to find a tenant?

 

Then it should be a priority to do what can be done to prevent a recession/depression. Instead blue state governments and Democratic legislators are mandating and promoting measures that stop economic activity which will result in a recession/ depression.

There are logical limits to the benefits of idealism, even if they are emotionally difficult to accept.

 

It's right there in the second line of your first post. Like I said I responded directly to you bringing it up.

http://politicalforum.com/index.php?threads/corona-panic-where-you-live.569550/

 

Hard to rent your house in a recession? Maybe but it’s impossible to rent it with non paying renters living there. Then there’s the utility and city services bills I become responsible for if my non paying renters don’t pay those bills either.

 

You are right and I stand corrected.

 

Hey it's your property. But a sane person might weigh the loss of a month or two rent against empty apartments and reductions in rent to new renters

 

An occupied rental with non paying renters is what’s insane.

 

LOL. Stubborn are ya?

So you throw them out and then you have empty apartments that if you can rent them at all...you have to reduce the rent.

Whatever

 

It's your business, you are the one to make those decisions. I would hate to see you lose that business due to government interference. I'm sure the big brewers would be more than happy to fill the void.

 

I have one rental house and one renter and your understanding of basic economics is pathetically lacking. Hopefully you are 15 years old.

 

I don't think anyone is suggesting that you let your tenants live rent free in your property. Just that evicting them won't help. They will owe you the rent but if they temporarily lose their job and use up any savings they won't be able to pay you until later. You will still have the opportunity to recoup that money at a later date. The law will be on your side.
If you evict them and have an empty property then no one will owe you money.
If you take your avatar and replace socialism with landlord and replace capitalism with tenant you might get the idea.
As for your bills, you will be in the same position as your tenants and will have to pass the debt along.
Everyone is going to suffer in this and you are not going to be able to protect yourself by throwing out your tenants and having an empty property. In fact, you are likely to make it worse for yourself in the long run.

 

I just spent the last half hour searching the internet for the age groups of people who have died of the coronavirus in the U.S. I used as many variables of the inquiry as I could think of. The federal and state governments are not providing this vital statistic. Why?

If anyone can find it, I would appreciate it; the age group of actual deaths in the U.S., not projections and prophesies.

The death toll in the U.S. rose to 81 today. That is an increase of 24 in one day. It is reasonable to assume that in country with 327 million people, that 24 people over the age of 60 with preexisting conditions and a severe common cold would die from the complications of the disease. Far more died of lung cancer, heart disease, and the flu.

In Italy, a country with one of the world’s oldest populations, a March 4 analysis by the national health institute found that of the 105 patients who died from the virus, the average age was 81. This put a 20-year gap between the average age of people who tested positive for the virus and the deceased.

Coronavirus and age: Why Covid-19 is so dangerous for older adults - Vox

 

Again, my assertion is that this is a new virus for the common cold, and that the people who are dying are the elderly with preexisting conditions, very much like the common cold. The coronavirus is more virulent because it is new and people have no immunity to it, but, unlike a real pandemic caused by a dangerous virus, it is not fatal to the entire population, the young for instance.

The death toll, which is rarely mentioned by government doing its best to scare the daylights out of us, supports my contention. In the U.S. there have been 81 deaths, 42 in Seattle-area nursing homes. Six have died in CA, population 39.56 million. Five have died in N.Y. state population 19.54 million.

If government really wanted to scare us about a highly contagious pandemic, they would use the death toll, but they can't. This has been going on since January, and the death toll is miniscule.

The question is why. Why is the government trying to scare us?

I really have no idea, but the repercussions are horrendous. No more recreation, no more dining, no more gathering of people, and, worst of all, the stock market. Millions of Americans have lost trillions in retirement savings and investment. It will take years to recover, and some do not have years. In addition, most likely we are heading toward a recession in which millions of Americans will lose their jobs. Many already have.

Why? Because 81 have died in the U.S. in the past three months because of a new strain of the common cold? That doesn't make any sense.

 

Exactly. And if you rely one ONE tenant to pay your bills...you ought to do everything in your power to keep that tenant

 

https://www.kltv.com/2020/03/12/covid-school-delays-closings-other-changes/

https://www.kltv.com/2020/03/13/tyl...y-school-districts-cancel-classes-week-march/

 

The best correlation to this is the Spanish Flu of 1918. That had a "relatively" high death rate of 3% and with a world population a quarter of what it is now it killed 50 million people. Yes it affected the young as well as the old (this "appears" to not be so dangerous to the young).
How it is similar is the spread. Unlike the flu this seems MUCH more contagious. In my house one member might get the flu and it's not guaranteed that others will. With COVID that seems to be a certainty. And at 3% death rate it must be devastating to the older folks if the young aren't as affected.

This is no joke folks

 

You seem to be under the impression that we are on the verge of a Great Depression with nobody working. Recessions come and go and I’ve been a landlord through a couple of them. Never had any problem finding renters after evicting non paying renters and wouldn’t expect to now.