I imagine a huge cash crunch is coming up soon as deferred payments come home to roost. We can’t continue kicking the can down the road forever. If people are over leveraged or insolvent we have to bear the pain eventually. It’s part of the credit cycle and it’s how savers get their foot in the door regarding asset ownership. Otherwise we will have basically embraced some absurd worst-of-both-worlds kind of socialism…
Or we just ignore/jail the unfortunate ones sense the general consensus is that we have too many people anyway.
(This isn't good, it's just the way we've structured the economy.)
My dad was an insurance adjuster. He loved denying claims more than anything. "I'm not good at math, but I sure can subtract!" Fucker had a major power trip. Also had a slight anti-corporate bent, so he loved approving claims too.
He loved denying claims and he loved approving claims? How does that not completely cancel out, except perhaps for "he loves his job"?
He did love his job. He enjoyed handling hundred-million dollar checks, among other things. But the glee that he got out of denying a claim was perverse.
The pine tree is fully mature, maybe 40+ feet high. Its the one with the most damage to its bark. Too big for me to cut down on my own. Its also next to a fence. The blue spruce I could cut down.
Here in Sydney Australia some local council restrictions are very onerous when it comes to trimming or removing older trees (except a short list of excluded species). I've heard of fines of $40,000 or more. Nothing like that near you?
You’ve got it backwards when it comes to residential real estate. More people become renters during a recession. Vacancies reduced dramatically after 2008. https://fred.stlouisfed.org/series/RRVRUSQ156N
2008 didn't have airbnb imploding at the same time.
This appeared to be a valid point (why the downvote).
An underlying pandemic throws most of the historical data out the window.
Was a renter in 2008 and you are spot on. Same situation in the Bay area as well as NY/CT. It was insane that rents started to go up during that time. People basically walked away from their houses and started to rent. It was weird. Also, the "corporatization" of housing scared me a bit. Consider the area in downtown Mountain View. Rent was under 2K around 2008. The corporate landlords did minor renovations (fancy gy…
As a renter I honestly do not mind the corporatization. When I’ve looked for apartments in the past I’ve seen almost no difference in rents (as advertised on Craigslist, apartments.com, Zillow) between large corporate landlords and small time landlords, except for very high end luxury apartments I’m not in the market for. Yet I’ve heard countless horror stories about unresponsive/malicious small time landlords and ve…
There's more variance with small-time landlords. With a corporate overlord you know exactly what you're getting: they are going to be firm about sticking you to the exact terms of your lease and will raise your rent by the maximum possible each year, but you can also expect any maintenance issues to be taken care of quickly and they aren't going to feud with or retaliate against you. With a mom & pop you might get someone really nice who never raises your rent, understands if you're a couple days late, and takes pretty good care of the place; but you might also get someone who is completely unresponsive, violates a bunch of tenant laws figuring you don't have the resources to call them on it, and nickle & dimes you on your deposit.
I think you have a very misguided idea of what it's like to be a landlord....and perceptions of who/what 'landlords' (a very unfortunate term) are from some tenants... no good deed goes unpunished etc. Plenty of great people around but you have to be very careful who you rent to...
> Plenty of great people around No offense but bullshit. In my experience most people serve their own interests. Commercial enterprises in fact select for those who serve their own interests over morality because those parties are most likely to succeed. In America you are lucky if your interests coincide sufficiently with the owner class that you can both get along productively. Expecting beneficence as well is unpr…
@michaelmrose 'In my experience most people serve their own interests'. yes, and that includes renters...
Every time I see comments like this, and no direct offense intended, It always strikes me as coming from somebody who has never filed large insurance claims before. Been seeing this so much with riots lately, "oh you have insurance right, why you mad about your business getting destroyed?". If only it was that simple.
Watching Louis Rossman's videos on insurance recently has given me a whole new perspective on the subject. It's amazing just how much they get away with.
I've seen a lot of shady insurance practices of trying to get out of paying claims, but that "pandemic insurance won't pay for coronavirus because sars-covid2 is not specifically mentioned in the policy" takes the cake. The policy actually specifically says that it covers "flu and sars and other types of coronaviruses".
The fact that they are trying to waste people's time and money to litigate that out where they most certainly will not win is just unconscionable.
As a renter I honestly do not mind the corporatization. When I’ve looked for apartments in the past I’ve seen almost no difference in rents (as advertised on Craigslist, apartments.com, Zillow) between large corporate landlords and small time landlords, except for very high end luxury apartments I’m not in the market for. Yet I’ve heard countless horror stories about unresponsive/malicious small time landlords and ve…
There's more variance with small-time landlords. With a corporate overlord you know exactly what you're getting: they are going to be firm about sticking you to the exact terms of your lease and will raise your rent by the maximum possible each year, but you can also expect any maintenance issues to be taken care of quickly and they aren't going to feud with or retaliate against you. With a mom & pop you might get so…
Ah, makes sense. I didn’t factor in the possibility that a small landlord might not raise rents (though I assume it’s less of a factor in SF given rent control).
I move around a lot so rents getting raised aren’t as important to me.
Are you that worse off if they burn it down? You won’t have to worry about them resisting eviction and you’ll get an insurance payment.
Insurance payments being equal, I don't think it needs to be said that not wanting your things to be set on fire is a reasonable ask.
Problem tenants are different levels of problem in different jurisdictions. In San Francisco, I can imagine a landlord being perfectly happy to eat the distress of a tenant burning down their property, given that in the same stroke they solved the problem of their occupancy of the property.
I'm so extremely grateful that I accepted section 8 tenants into my rental units. Most of these tenants have nearly all of their payment covered by the government and they just have to pay $100 or $200 on top of that to cover what the government won't. These tenants are often not accepted by landlords because they're thought to cause more issues. Mine are great. They keep the units spotless, mow the lawn for me on my…
You're very lucky. Rented to a single mother with two teenage sons. The teenage sons that decided to strip down living trees of their branches, to make bonfires for parties in the backyard. Two trees are severely damaged, and anything that was burnable in the landscape is burnt. I don't even know how to go about pricing out the damage. Insurance is paying for their rent, because the last house they lived in burned do…
Hire an arborists to assess the trees with whatever is remaining; street view images. Also an appraisal based on arborists opinion. Mature trees are very pricey in legal damages. as essentially irreplaceable.
I could never imagine this scenario. But I have a Tree Addendum I had drafted specifically because I don’t want my tenants to even lay a hand on the trees. I’m more worried by negligent tree trimming that kills a tree. But it sets value to each tree too. Something like “$1000 per inch diameter at 18” above ground.” Sorry about this situation you’re in.