|
Post by cindra on Jul 28, 2020 9:24:15 GMT -5
In the meantime, we're likely looking at tens of millions of evictions nationwide in the next couple months. Seems like that'll be bad for the economy. Eviction moratorium is going to be included in any bill passed. The White House has said as much and they're the ones proposing the skinniest bills.
|
|
|
Post by mervinswerved on Jul 28, 2020 10:06:00 GMT -5
In the meantime, we're likely looking at tens of millions of evictions nationwide in the next couple months. Seems like that'll be bad for the economy. Eviction moratorium is going to be included in any bill passed. The White House has said as much and they're the ones proposing the skinniest bills. That would certainly be a good thing if/when the next relief package passes. So what happens when that provision eventually expires? Is back rent just due for everyone?
|
|
|
Post by mikegarrison on Jul 28, 2020 10:12:09 GMT -5
Eviction moratorium is going to be included in any bill passed. The White House has said as much and they're the ones proposing the skinniest bills. That would certainly be a good thing if/when the next relief package passes. So what happens when that provision eventually expires? Is back rent just due for everyone? Somebody's got to take the hit, right? Will it be the renters? The landlords? Their banks? The taxpayers? It really doesn't do anybody any good to have mass evictions. Normally evictions exist because the landlord wants to replace a non-paying tenant with one who will pay, but it's not clear there are large numbers of paying tenants available right now to replace those who can't pay.
|
|
|
Post by mervinswerved on Jul 28, 2020 10:15:00 GMT -5
I'd be fine with the feds stepping up here. Mass rent/mortgage forgiveness. The other options seem bad (banks, as much they can get f-cked, would probably lead to another financial crisis) to catastrophic (renters/small time landlords). It's clearly in the public interest to not have 20 million people get evicted, whether this summer or six months from now.
|
|
|
Post by cindra on Jul 28, 2020 10:15:53 GMT -5
Eviction moratorium is going to be included in any bill passed. The White House has said as much and they're the ones proposing the skinniest bills. That would certainly be a good thing if/when the next relief package passes. So what happens when that provision eventually expires? Is back rent just due for everyone? Yeah, probably. It's going to be a disaster. Something like 10-20 million households are short on rent according to census surveys.
|
|
|
Post by mervinswerved on Jul 28, 2020 11:15:24 GMT -5
I'd be fine with the feds stepping up here. Mass rent/mortgage forgiveness. The other options seem bad (banks, as much they can get f-cked, would probably lead to another financial crisis) to catastrophic (renters/small time landlords). It's clearly in the public interest to not have 20 million people get evicted, whether this summer or six months from now. The Feds already did step up. To the tune of $4800/month for an unemployed couple. If people managed to take that money and not pay rent/mortgage with it, they've got some F'd up priorities and should not be further "rescued". The message we are sending people is that if the crap gets rough, your Uncle Sam will bail you out. No need to save for a rainy day. That's the last thing we need to learn from this mess. If we want the freedom to spend our tax-payer funded stimulus money and Federal unemployment benefits in any manner we wish, then we should be held 100% accountable for those decisions and their consequences. And yet, there are tens of millions of people struggling to pay their rent. So it's a problem that needs to be solved, regardless of your thoughts on "accountability."
|
|
|
Post by akbar on Jul 28, 2020 11:15:31 GMT -5
I'd be fine with the feds stepping up here. Mass rent/mortgage forgiveness. The other options seem bad (banks, as much they can get f-cked, would probably lead to another financial crisis) to catastrophic (renters/small time landlords). It's clearly in the public interest to not have 20 million people get evicted, whether this summer or six months from now. The Feds already did step up. To the tune of $4800/month for an unemployed couple. If people managed to take that money and not pay rent/mortgage with it, they've got some F'd up priorities and should not be further "rescued". The message we are sending people is that if the crap gets rough, your Uncle Sam will bail you out. No need to save for a rainy day. That's the last thing we need to learn from this mess. If we want the freedom to spend our tax-payer funded stimulus money and Federal unemployment benefits in any manner we wish, then we should be held 100% accountable for those decisions and their consequences. Can I use my PPP loan to buy a Lambo?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 28, 2020 13:15:00 GMT -5
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 28, 2020 16:59:00 GMT -5
|
|
|
Post by akbar on Jul 28, 2020 21:31:47 GMT -5
Can I use my PPP loan to buy a Lambo? Of course not, you take that PPP loan and make your payroll obligations. You take the money you would have used to make said payroll obligations as a shareholder distribution and buy yourself that Lambo. Same thing with the rent/mortgage and stimulus money/Fed UI benefits. Pay your rent, mortgage with it, use the money earmarked for rent/mortgage to buy the new TV, designer purse or iPhone, etc. Point is, your rent/mortgage gets paid. www.cnn.com/2020/07/28/us/ppp-funds-miami-lamborghini-trnd/index.htmlHopefully we have strong and robust oversight. "David is a legitimate business owner who, like millions of Americans, suffered financially during the pandemic," Hines attorney Chad Piotrowski told CNN in a statement. "While the allegations appear very serious, especially in light of the pandemic, David is anxious to tell his side of the story when the time comes."
|
|
|
Post by mervinswerved on Jul 31, 2020 10:49:15 GMT -5
|
|
trojansc
Legend
All-VolleyTalk 1st Team (2022, 2021, 2020, 2019, 2018, 2017), All-VolleyTalk 2nd Team (2016), 2021, 2019 Fantasy League Champion, 2020 Fantasy League Runner Up, 2022 2nd Runner Up
Posts: 28,107
|
Post by trojansc on Jul 31, 2020 13:17:19 GMT -5
What a shame. Unprepared were the Republicans and Democrats afraid to agree to short term or partial extensions in fear of losing leverage in negotiation. Many will suffer. I feel for them.
|
|
|
Post by nowhereman on Jul 31, 2020 16:55:41 GMT -5
okay even if one were to agree with the republican notion that people have a disincentive to work with the $600, how many employers are actually hiring right now? they have this crazy notion that if people would just look hard enough they can land a job.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 31, 2020 16:59:32 GMT -5
A lot of employers LIKE the $600. They don't want to have to lay off the employees permanently.
|
|
|
Post by mikegarrison on Jul 31, 2020 17:09:58 GMT -5
Republicans were still trying to follow the Hastert rule -- no passing of bills allowed unless a majority of the majority party agrees on it. They were not willing to work with the Democrats on a bipartisan extension bill, and they were not able to resolve their own internal differences on a Republican-only extension bill (not that they would have been likely to have gotten such a bill to pass the House unmodified anyway). (And yes, I know the Hastert rule is actually technically referring to the House, not the Senate, which has its own ways of blocking votes.)
|
|