Now is the time for landlords to prove their value.
31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
11–20 of 147 posts
Re: 31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
#12"31% Can't Pay the Rent" != "31% Are Not Paying Rent" "Can't" indicates they are unable, whereas I suspect at least some are taking advantage of the current situation [1]. Any situation where it's possible to take advantage, you can almost guarantee that people will. This is not the way forwards - not paying rent will have a large knock-on effect for landlords (which, despite some sentiment, isn't necessarily the 1%)…
The economy will be fine... the black plague had great economic outcomes as it always does when a whole bunch of people die. We should reopen the entire country tomorrow... no travel restrictions, open every border and see what happens.
Re: 31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
#13"31% Can't Pay the Rent" != "31% Are Not Paying Rent" "Can't" indicates they are unable, whereas I suspect at least some are taking advantage of the current situation [1]. Any situation where it's possible to take advantage, you can almost guarantee that people will. This is not the way forwards - not paying rent will have a large knock-on effect for landlords (which, despite some sentiment, isn't necessarily the 1%)…
Start by banning China (and any other country that doesn't allow US citizens to own land) from owning property in the US. Something tells me when you get rid of all the foreign profit lords, that property will be much more affordable in many areas.
Re: 31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
#14Earlier quoted context omitted.
Depends on how long the rent goes delinquent. It's not uncommon for the rent to finally show up around the 15th. I used to rent out a property and would typically write the lease so that the rent was due within 5 days of the 1st. I would send a reminder but I didn't really start to worry as long as it showed up before the 20th. If it took longer than that I would start to worry. The difference here is that the percen…
The article implied synchronised rents, and now you have too. To clarify: Are all rents in the US monthly and due on the first of the month? In NZ rent is weekly, on no particular day (can be different for each tenant).
Years of renting. I imagine it goes by state law but the grace period has always been three days. The 4th of the month is when the late fee would be tacked on.
Re: 31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
#15Now is the time for landlords to prove their value.
Just going to leave this here: https://en.m.wikipedia.org/wiki/Georgism
Re: 31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
#16Now is the time for landlords to prove their value.
I'm sure that people freely choosing to give landlords hundreds and even thousands of dollars monthly has already proven their worth.
Re: 31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
#17"31% Can't Pay the Rent" != "31% Are Not Paying Rent" "Can't" indicates they are unable, whereas I suspect at least some are taking advantage of the current situation [1]. Any situation where it's possible to take advantage, you can almost guarantee that people will. This is not the way forwards - not paying rent will have a large knock-on effect for landlords (which, despite some sentiment, isn't necessarily the 1%)…
A study of the Spanish Flu pandemic indicates that an early severe lockdown actually minimises the long term economic impact.
https://www.weforum.org/agenda/2020/04/pandemic-economy-less...
Re: 31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
#18Now is the time for landlords to prove their value.
You're living in a place that you couldn't afford on your own or won't buy for economic reasons (wanting to move, temporary job). That's value.
Re: 31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
#19"31% Can't Pay the Rent" != "31% Are Not Paying Rent" "Can't" indicates they are unable, whereas I suspect at least some are taking advantage of the current situation [1]. Any situation where it's possible to take advantage, you can almost guarantee that people will. This is not the way forwards - not paying rent will have a large knock-on effect for landlords (which, despite some sentiment, isn't necessarily the 1%)…
The economy will be fine... the black plague had great economic outcomes as it always does when a whole bunch of people die. We should reopen the entire country tomorrow... no travel restrictions, open every border and see what happens.
Maximising economic opportunities for lucky survivors is not the goal here.
Re: 31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
#20> through the first five days of April, 31 percent of tenants had so far failed to pay their rent, compared with 18 percent in the same period a year ago. If the headline had said 18%, the situation would have sounded bad to me, but apparently that's normal?
Depends on how long the rent goes delinquent. It's not uncommon for the rent to finally show up around the 15th. I used to rent out a property and would typically write the lease so that the rent was due within 5 days of the 1st. I would send a reminder but I didn't really start to worry as long as it showed up before the 20th. If it took longer than that I would start to worry. The difference here is that the percen…
The article pointed out that a significant portion of renters spend over half their income on their rent. If they are not working, they will not be able to ever make up the difference.