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Cdcs walensky is making edicts now


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2021 Aug 4, 5:50pm   274 views  8 comments

by mell   ➕follow (9)   💰tip   ignore  

And she fisted landlords with a rubber glove like the butch she is: "evict your tenant and we will arrest you!" Of course you still have to pay your mortgage and taxes and everything else. Glad not being a landlord but if you don't stop the leftoid squad and their pfisting tools roght now your renters will shit all over you and ruin any ROI.

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1   mell   2021 Aug 4, 5:52pm  

Similar to how obummer fisted the GM bondholders during the bailout, but much worse
2   theoakman   2021 Aug 4, 5:54pm  

I wonder how Iwog is doing. He owned like 6 or 7 properties
3   mell   2021 Aug 4, 5:58pm  

theoakman says
I wonder how Iwog is doing. He owned like 6 or 7 properties


No doubt in CA easily 25-50% of renters will stop paying their rent. And that's a conservative estimate. Or they'll threaten the landlord that they'll stop paying to significantly reduce their rent. One would be foolish to consider becoming a landlord, or buying any commercial RE for that matter in this hostile communist-marxist environment.
4   mell   2021 Aug 4, 6:03pm  

Small landlords will all be bankrupted and Wall Street will pick up the buildings like scraps, roll over the debt (if any) at 0 interest until the moratorium is over and then fully control the rental market.
5   clambo   2021 Aug 4, 9:46pm  

I know a guy who owns a building in Hayward.
He is bummed out, he can’t collect rent, cannot evict anyone and has to pay property tax.
The icing on the cake is the building is on top of the Hayward fault.
6   just_passing_through   2021 Aug 4, 10:10pm  

What a cunt, you're absolutely right mell.

So far I've raised rent and turned over 2/3 during the covid; that was in Tejas. I welcome move outs due to the market changes just over the past 6 months.

Short term rental in Maui is going gangbusters too. I've raised 50% vs. what I pulled off in the first 3 years prior to the CCP virus and am fully booked 7 months out. Fully.

I don't fuck people over and in the short period of owning am 5-star with more reviews that most. Even in my building I get waaay more views. Same with the long terms. Just don't buy in Marxist states and treat people right. I am, definitely, at risk of this and have been the entire time.

My dad is selling one of his rentals in San Antonio after a couple moved out due to divorce. Not California style but a very respectable profit on a nearly 5 year hold. Hits the market next week. There will be bidding wars. In friggin San Antonio of all places.
7   just_passing_through   2021 Aug 4, 10:12pm  

Oh, I asked my dad if he'd only sell to a family or a person vs. BlackRock or someshit. Zero shits given lol... (I'd sell to humans only when that day comes)

Companies like that have been buying entire new subdivisions out there. It's disgusting.

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