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The housing market is BOOMING!!! They are probably sitting on a ton of equity. If they don't want to deal with the tenant, they can sell and put a nice chunk of

The housing market is BOOMING!!! They are probably sitting on a ton of equity. If they don't want to deal with the tenant, they can sell and put a nice chunk of cash in their pocket. And the eviction moratorium does not remove the financial responsibility for past due rent. They can use threat of eviction after the the moratorium expires to force the tenant to pay past due rent. And if that doesn't work they can take the tenant to court. And as mentioned in my original comment, there will likely be financial assistance. And to reiterate, I have zero sympathy for landlords who are essentially engaging in rent seeking and speculation (whether they realize it or not). If grandma and grandpa loose all of their money speculating on bitcoin, I will have zero sympathy for them. It is no different if they loose it all speculating on real estate. If they can't handle they downsides they should have put their money in a safer investment.

lettergram 5y ago
> And to reiterate, I have zero sympathy for landlords who are essentially engaging in rent seeking and speculation (whether they realize it or not). If grandma and grandpa loose all of their money speculating on bitcoin, I will have zero sympathy for them. It is no different if they loose it all speculating on real estate. If they can't handle they downsides they should have put their money in a safer investment. If you feel that way, you should also be opposed to the moratorium. Those people were speculating they’d still have jobs (according to the fed, people’s greatest single asset). And they lost it. There should be no sympathy? I’m in agreement there. Let’s just let individuals figure it out and I think all would be better off. At least better than the law not being applied evenly.
tomohawk 5y ago
You can't sell if you can't evict the squatter. I know someone looking to buy a house in our area and they've had to pass on a number of the houses for this reason - a renter squatting in the house rent free with no end in sight. The sellers were desparate for almost any offer, but who would buy under those circumstances?
kamaal 5y ago
>>The housing market is BOOMING!!! So, why aren't these people investing in such an obvious gold rush as you are making it to be. The devil is in details. There is a some underlying theme in your comments that people just wake up one day and realize they're magically owning home, which they can rent. Wisdom is in understanding that this is just another business, you pay for what you use. The provider takes a profit. If you don't want things this way there are other systems to try(communism), your country doesn't seem to like them. In fact you guys have fought wars over the last century against it. You got what you asked for. What are you complaining about now?

lettergram 5y ago

> And to reiterate, I have zero sympathy for landlords who are essentially engaging in rent seeking and speculation (whether they realize it or not). If grandma and grandpa loose all of their money speculating on bitcoin, I will have zero sympathy for them. It is no different if they loose it all speculating on real estate. If they can't handle they downsides they should have put their money in a safer investment. If you feel that way, you should also be opposed to the moratorium. Those people were speculating they’d still have jobs (according to the fed, people’s greatest single asset). And they lost it. There should be no sympathy? I’m in agreement there. Let’s just let individuals figure it out and I think all would be better off. At least better than the law not being applied evenly.

tomohawk 5y ago

You can't sell if you can't evict the squatter. I know someone looking to buy a house in our area and they've had to pass on a number of the houses for this reason - a renter squatting in the house rent free with no end in sight. The sellers were desparate for almost any offer, but who would buy under those circumstances?

kamaal 5y ago

>>The housing market is BOOMING!!! So, why aren't these people investing in such an obvious gold rush as you are making it to be. The devil is in details. There is a some underlying theme in your comments that people just wake up one day and realize they're magically owning home, which they can rent. Wisdom is in understanding that this is just another business, you pay for what you use. The provider takes a profit. If you don't want things this way there are other systems to try(communism), your country doesn't seem to like them. In fact you guys have fought wars over the last century against it. You got what you asked for. What are you complaining about now?