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Weekly Digs NEWSLETTER -- Is an “Eviction Tsunami” looming in 2021?

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Re: Weekly Digs NEWSLETTER -- Is an “Eviction Tsunami” looming in 2021?

#11

Post by frockington1 »

_iyig wrote: post #7
frockington1 wrote: post #4

If the government shuts down the economy again its very likely. Thankfully the government is also printing money so real asset prices will only rise. Will be able to make up for lost rent quickly as prices rise

> Thankfully the government is also printing money so real asset prices will only rise. Will be able to make up for lost rent quickly as prices rise Could you elaborate on this? I don’t follow

Real asset prices have had a historic run this year. As the government goes into further debt, the relative value of the dollar decreases resulting in an increase price for housing, equities, precious metals and even bitcoin

Re: Weekly Digs NEWSLETTER -- Is an “Eviction Tsunami” looming in 2021?

#12

Post by ethanwillis »

strawberrypuree wrote: post #6
ethanwillis wrote: post #2

Simply, Yes.

Why do you think so? The article comes to the opposite conclusion.

There are a few things people make sure they have paid first. Rent is at the top of that list. However, if they're behind, continue to be behind, and can't find employment with an economy contraction... they're not going to catch up. That $2,000 they're behind right now will balloon and become an eviction.

Re: Weekly Digs NEWSLETTER -- Is an “Eviction Tsunami” looming in 2021?

#13

Post by abfan1127 »

frockington1 wrote: post #11
_iyig wrote: post #7

Earlier quoted context omitted.

> Thankfully the government is also printing money so real asset prices will only rise. Will be able to make up for lost rent quickly as prices rise Could you elaborate on this? I don’t follow

Real asset prices have had a historic run this year. As the government goes into further debt, the relative value of the dollar decreases resulting in an increase price for housing, equities, precious metals and even bitcoin

"more dollars chasing fewer goods" is the classic expression. Its obviously highly simplified.

Re: Weekly Digs NEWSLETTER -- Is an “Eviction Tsunami” looming in 2021?

#14

Post by TuringNYC »

ethanwillis wrote: post #2

Simply, Yes.

Either or --

1. An eviction tsunami

or

2. A foreclosure tsunami as "landlords" renting out their lower unit/extra room cannot make their mortgage.

Note that just as there is a moratorium (in some cases) for rent, there is also one on mortgages (in some cases). Except the rent will probably never be paid once it is backed up enough, but the mortgage is still going to be due eventually. Secondly, there is also the carry of properties besides mortgages (property taxes, heating, maintenance.)

Re: Weekly Digs NEWSLETTER -- Is an “Eviction Tsunami” looming in 2021?

#15

Post by abfan1127 »

I don't see how there won't be. With so many unemployed and so much unpaid rent. I find it hard to believe that landlords won't try and recoop those lost rents. Short of interesting payment plans, which don't work for the unemployed, they still have property taxes, property up-keep, loans, paychecks for themselves to manage.

Re: Weekly Digs NEWSLETTER -- Is an “Eviction Tsunami” looming in 2021?

#16

Post by BurningFrog »

Big picture, there will be as many housing units and as many people in 2021 as in 2019.

Landlord won't evict people, unless they know they can get new, better tenants.

So, if 2020 made us poorer, I'd expect lowered rents rather than fewer people housed.

Re: Weekly Digs NEWSLETTER -- Is an “Eviction Tsunami” looming in 2021?

#17

Post by frockington1 »

BurningFrog wrote: post #16

Big picture, there will be as many housing units and as many people in 2021 as in 2019. Landlord won't evict people, unless they know they can get new, better tenants. So, if 2020 made us poorer, I'd expect lowered rents rather than fewer people housed.

Rents will likely increase as housing assets have risen across the country. Tenants will continue to get shafted as long as interest rates remain low

Re: Weekly Digs NEWSLETTER -- Is an “Eviction Tsunami” looming in 2021?

#18

Post by dredmorbius »

shiftpgdn wrote: post #3

Actual article link: https://sparkrental.com/eviction-crisis/ OP appears to own theweeklydigs.com and is likely using this post to promote a newsletter: https://news.ycombinator.com/item?id=21377581

I've emailed mods. Good catch.

Re: Weekly Digs NEWSLETTER -- Is an “Eviction Tsunami” looming in 2021?

#19

Post by dredmorbius »

binarymax wrote: post #10

NB: the article is written by a startup looking to help would-be landlords get into the rental business and ditch their day jobs...so take this bias into any conclusions purported in the article.

Quite: "Build Rental Income. Automate It. Replace Your Salary."

https://sparkrental.com

Re: Weekly Digs NEWSLETTER -- Is an “Eviction Tsunami” looming in 2021?

#20

Post by AWildC182 »

shiftpgdn wrote: post #3

Actual article link: https://sparkrental.com/eviction-crisis/ OP appears to own theweeklydigs.com and is likely using this post to promote a newsletter: https://news.ycombinator.com/item?id=21377581

Yea I call bullshit. The actual article is on a rental blog pushing passive income and is just throwing around a bunch of misleading numbers while hand waving violently. This isn't analysis, it's just content farming.
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