141–150 of 227 posts
even pinpointing who to ask can be difficult - can it get any more comical?
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It can default on its debt by .. refusing to pay it. Remember all the debt ceiling fiasco and the furlough of federal workers? It would be a huge moment of voluntary stupidity, but anything's possible.
The debt ceiling had nothing to do with not paying debt, it was caused by not taking on more debt and thus the gov't didn't have the funds to run.
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> undoing a lot of the effects of social distancing We've had several months of social distancing, which bought us a lot of time to ramp up healthcare and medical supply manufacturing capacity.
Honest question though... did we? Did we actually ramp up healthcare and medical supply manufacturing? I saw a lot of news about it when the pandemic first started but I still see a lot of news stories about PPE shortages.
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> fragile ... the word is fragile. We've built an insanely fragile economy. Take a look. There's been no war. 100% of the (not so great) US infrastructure that was there before SARS-COV-2 is still there. We've lost about 100k people, which is horrific but in the scheme of things at "USA" scale, and with the skewed demographics, not much of a hit to the economy. And yet the economy is staggering and it's likely to get…
> There's been no war. 100% of the (not so great) US infrastructure that was there before SARS-COV-2 is still there. The infrastructure may not be physically destroyed, but it is effectively out of commission. Same with everything from warehouses to meat cutting plants. You could make the same argument if a gas attack were used on a factory instead of a bomb.
The resilient parts of the economy are already planning for EMP protection from disruption and developing space exploration economies.
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Things like property taxes and maintenance are fixed costs for property owners. Those can eat up 50% or more of the rental income. So if renters aren't paying, even property owners who don't have a mortgage have high fixed costs that they have to pay.
The companies that are renting their space also have fixed costs.
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Things like property taxes and maintenance are fixed costs for property owners. Those can eat up 50% or more of the rental income. So if renters aren't paying, even property owners who don't have a mortgage have high fixed costs that they have to pay.
maintenance and tax would NEVER get close to 50pct of the rent, let alone more.
https://www.biggerpockets.com/member-blogs/7172/46252-what-i...
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Not if Mitch can help it, unless, of course, his eventual KY challenger starts climbing in the polls.
I think the GOP is more likely to start trying to implement austerity measures than they are to try to help people. They've been building up a drum beat about debt and deficits over the last several weeks
... every time there has been a Democratic president.
When the next pandemic hits, I doubt any government will dare to attempt a closure. The costs for these closures have been high in terms of economic pain. In addition, the protests, though they are justified due to the oppression the community has experienced, are likely undoing a lot of the effects of social distancing by putting a lot of people together in close proximity for hours. So in the end, we will have expe…
The governments of other countries that had successful lockdowns will definitely do it again now they know how to do it.
> Bed Bath & Beyond, Famous Footwear, H&M, and the Gap, AMC and Regal movie theaters, and 24 Hour Fitness gyms have all missed payments, jeopardizing the stability of their property management companies and municipal governments that rely on property taxes, The Post's Heather Long reported. All roads lead to the Federal Reserve. Stores defaulting on rent payments starves landlords for cash. Landlords unable to servic…
> 2. Currency depreciation. This is likely going to be the outcome. All the savers will ultimately be shafted, as was done in times we moved off of gold standard. The real cost of living will just keep rising as many jobs just won't come back despite this printing of money.
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Is that a problem? Those landlords and banks have collateral -- the properties and mortgages themselves. I care a lot more about housing from a "how well does it house humans" perspective than a "how well does it generate income for landlords/capitalists" perspective. If landlords and mortgage lenders ended up having to sell their assets for pennies on the dollar, I'd imagine it would make housing a lot more affordab…
Sometimes people are forced into becoming a landlord. They bought an affordable condo in an affordable city (think 5 digit prices). The market dies and they can't sell. They lose their job. They have to go back to school. So they move in with friends and rent out their place just to cover the mortgage they can't get out of. Bankruptcy would ruin their chance to dig themselves out. I really feel for both renters and s…
I still had more viable options and was in a better place than most people living paycheque to paycheque are if they're renting and their ability to work is interrupted for months.
All these situations are not equal, and if your 'empathy' tries to force them all into the same bucket, that's a problem.