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Trump declared such a moratorium through April. IMHO it needs to be stronger. We need to suspend mortgage payments and rent payments for people affected by loss of income. Actually suspend the payments so when they go back to work there’s not a balloon payment of four months of mortgage and a potential foreclosure hanging over their heads. Same with renters! If the landlords are getting a mortgage holiday, no fair squeezing the renters during this time of national crisis!
And suspend whatever banking rules there may be that require them to make payments to whoever. I imagine banks can look to the Federal Reserve for liquidity. Didn’t that body reduce lending rates to 0%??? If so, why are the banks still charging interest on the mortgage loans?
Suspend mortgage loan payments during this time. That’s the only way to get us all through this crisis.
Knowing that they can completely blow up the world and get paid for the diabolical incompetence through bail outs has emboldened them to finally enslave the world.
APOCALYPSEFUCKisShostikovitch saysKnowing that they can completely blow up the world and get paid for the diabolical incompetence through bail outs has emboldened them to finally enslave the world.
ain't that the fucking truth
Pelosi’s bill offers a moratorium on foreclosures, evictions, and credit report dings for a year, as well as offering a mortgage holiday for a year and free rent to people in state owned properties...
Pelosi’s bill offers a moratorium on foreclosures, evictions, and credit report dings for a year, as well as offering a mortgage holiday for a year and free rent to people in state owned properties...
Those landlords and holders of mortgages don't have expenses. I mean their pensioners are all rich and can forego a check or two.
Banks really have eased up on loan repayments. Most are just tacking the payment onto the end of the note. They are even doing so with no fees. Of course, they're gonna run out of money doing this; but they know they're gonna need a bailout... so they're playing nice.
Misc saysBanks really have eased up on loan repayments. Most are just tacking the payment onto the end of the note. They are even doing so with no fees. Of course, they're gonna run out of money doing this; but they know they're gonna need a bailout... so they're playing nice.
Haven't heard anything about that from my mortgage holder yet.
I figure California will have to outdo Arizona...probably make the landlord pay the renter for the privilege of keeping the vandals away or some such nonsense.
Misc saysI figure California will have to outdo Arizona...probably make the landlord pay the renter for the privilege of keeping the vandals away or some such nonsense.
Don't give them ideas!
Nah, they know that mass foreclosures fuck themselves as well as the house owners.This is spot on.
They don't want to drive down their own equity. They just want owners to be AFRAID enough to do whatever it takes to keep paying that mortgage.
If the landlords are getting a mortgage holiday, no fair squeezing the renters during this time of national crisis!
That’s the only way to get us all through this crisis.
There should be a moratorium on evictions for non-payment of rent
Patrick saysThere should be a moratorium on evictions for non-payment of rent
What about the landlords?
Should they get a moratorium on paying taxes and mortgages?
Should they get a moratorium on paying taxes and mortgages?
Yes, for exactly the same amount of money they didn't collect from their renters.
Heraclitusstudent saysShould they get a moratorium on paying taxes and mortgages?
Yes, for exactly the same amount of money they didn't collect from their renters.
Patrick says
Which billion dollar corporations are on the brink of bankruptcy?
Gov. Gavin Newsom on Friday announced a temporary ban on evictions statewide for those affected by the novel coronavirus.
The measure prevents the evictions of renters over the nonpayment of rent through May 31. It covers those who have lost work because of the pandemic, have become sick or have had to take care of family members with COVID-19. Law enforcement and the court system also would be prohibited from executing evictions while the order is in effect.
Renters would still be required to eventually pay all the rent they owe, and must notify their landlords in writing within seven days of their nonpayment, according to the governor’s executive order.
The order, which comes days before many rent payments are due on April 1, is stronger than prior action the governor had taken to allow cities and counties to pass their own moratoriums on evictions. Since then, housing activists around California and some legislators had been urging Newsom to go further. About 50 of the state’s 539 cities and counties have passed their own anti-eviction measures since the pandemic began, according to a letter to Newsom from more than dozen lawmakers this week.
OK, but remember that the government is us. At least it's going to be our money in the end.
Sheriffs need the legal ability to refuse to evict.