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Millions of Americans skipping payments as wave of defaults and evictions looms

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Re: Millions of Americans skipping payments as wave of defaults and evictions looms

#591

Post by 6510 »

dmarlow wrote: post #577
6510 wrote: post #555

Earlier quoted context omitted.

Why did they lie? They feared you would kick them out? The horror of that conversation? You are ofc not responsible for the formula but... The most productive approach is probably to beg you for mercy at your feet?

No clue why they did. It was one thing after another, so it wasn't just the bottle issue. After a few inspections and things not being well kept, I decided it was best to not renew. Do you honestly believe I expected them to beg for mercy at my feet? You need a reality check. The problem is that you don't fully understand the situation, the background, etc.

Of course you don't expect that. You should pick the best candidates within the parameters of the law. Your laws put them at your mercy. Here in the Netherlands it is almost the other way around. (not ideal at all)

And yes, from your comments we cant understand nor judge the situation at all. Even if you would describe it in great detail it would merely be one side of the story.

People can at times end up in a downwards spiral of crap. A mix of stuff that is their own fault and things they couldn't do anything about. At some point one may throw the hands into the air and get careless and sloppy about it. You should obviously get rid of people like that but it isn't like they stop existing when you do.

Re: Millions of Americans skipping payments as wave of defaults and evictions looms

#592

Post by tjomk »

MandieD wrote: post #528
tjomk wrote: post #518

I'm likely out of touch here, but at least for the person mentioned in the article, why does he need a huge SUV? If the crisis hits and you cannot re-pay the bills, that would be the first thing I'd get rid of. It doesn't look like he needs it for work, and he could just get away with a used Honda Civic or a similar smaller car that doesn't require much gas, expensive insurance, and most importantly monthly loan paym…

If he's like a lot of Americans, he's "upside down" on the truck - as in, he still owes more on the loan than he could realistically sell the truck for. That would leave him still in debt, but now without a vehicle, even if he could be content with a 10 year old Civic or Corolla. The wisdom of having purchased such a large vehicle on credit to begin with is another discussion entirely. Americans are, on average, far…

Gotcha! Thanks for a thorough explanation

Re: Millions of Americans skipping payments as wave of defaults and evictions looms

#593

Post by api »

rabidrat wrote: post #402
pengaru wrote: post #60

Earlier quoted context omitted.

> I know people who are skipping payments just to be in solidarity with people who can't pay. So they're donating what would have been spent on rent to an appropriate cause? Surely they're not keeping the money if it's just that. /s

Yeah they're donating the money to their self-in-3-months, who has even less than they do now, with no job and no prospects and no bailout on its way.

Exactly. They're thinking of it as an act of simultaneous self-preservation and civil disobedience to the fact that bailouts are only for huge banks and corporations. The perception, which is at least somewhat true, is that Wall St. and DC will be saved and the rest of the country can burn.

From what I've seen, the 1% vs the 99% is catchy but wrong. The reality is more like the 0.01% vs the 99.99%.

We are probably nearing the point where we will see actual change, since we're approaching a place where the wealth distribution hockey stick is so steep the upper middle class and "merely rich" will start seeing themselves as "the 99%." You'll see working class and hippies marching with lawyers, doctors, and owners of businesses that make "only" a few hundred million a year (and don't have lobbyists).

Wish it didn't have to get that bad, but that appears to be the case. We'll probably do something about CO2 when NYC is underwater.

Re: Millions of Americans skipping payments as wave of defaults and evictions looms

#594

Post by monadic2 »

swarnie_ wrote: post #590
monadic2 wrote: post #585

Earlier quoted context omitted.

Hah, as if holding property is a business!

Holding properties isn't a business, its an asset of a business at best. The business is providing shelter as a service. Never thought i'd find a reddit style anti-landlord on HN.

I’m a twitter style anti-landlord, thank you very much.

Re: Millions of Americans skipping payments as wave of defaults and evictions looms

#595

Post by mint2 »

mint2 wrote: post #478
rodgerd wrote: post #465

Earlier quoted context omitted.

> Oakland has just gone through a major wave of new construction. New apartments command higher rents. Funny, the religion in these parts is usually that building more apartments is the only way to drop rents.

All new construction in the bay is usually high priced luxury since that’s where developers make the most return. Thus new units aren’t cheaper. What I’ve heard is that’s either supposed to free up other older apartments or we’re supposed to wait 30 years for the new luxury apartments to become old and cheaper. I think we need rules about constructing diversified units, not exclusively luxury ones but proportional nu…

How in the world did this one of my comments get a downvote.
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