That was the whole “it” in the “Room Where It Happens”. Today’s environment under-pays most productive people (labor as share of GDP near all time lows) to feed the god of corporate profits (near all-time highs as share of GDP). There was quite a bit of discussion here as to what happened to you after you disappeared. It’s about making sure one got paid well for that work. People need some wriggle room in their investment strategies, imho.My father-in-law did this for years with property. But you, like most millenials think that at 35 you should have the same things someone who is 45 or 55 or 65 has. They buy WalMart toys for their dog all the time. But now milennials are in their 30s which is when cohorts start voting in larger numbers.Also, milennials do not own homes at the same rate of boomers. Hot money will run in the short term and hopefully the Congress won’t be loading their bailouts onto the taxpayers backs, altho I have my doubts about that.Maybe I should just become “the bank” and sell to the punters at the top and carry the loan. And because some of them were laundering money (with the help of Chinese realtors and lawyers), they were bidding way over asking (good way to get rid of dirty money fast). The poor pay no taxes since they don’t make enough. The destinations include relatively peaceful countries such as Australia, New Zeland, Canada, the only downside for the first two is you have to drive on the other side of the road.One other method, buy your way out of this mess. In fact, people may purposely not be paying with the intent of relying on a bailout.From the very beginning that seemed to me to what drove many people to not pay rent, the expectation that the government would eventually have to cave and declare a debt jubilee. If shelter is a basic need permitting one group (tenants) to be provided for by another group (landlords) then what about other basic needs eg food and clothing? If the kids get to stay, it’s mission accomplished. 3.5% commissions and a year of HOA; the HOA for the place seem to be about $960. Unless you know some magical way to extend life expectancy another 20 years, this trend will just build and build.
These are also known as bank-owned or real estate owned (REO).These properties are owned by a bank or a lender who took ownership through foreclosure proceedings.
Airport shuttle available at an additional charge. You just attach the tax to the property and let the owner figure it out.Fortunately, you’ll notice that the govt has provided a bunch of schemes to help ‘young folks buy a home’, which are really just ‘parachutes for investors’. And I have been trying to tell people this stuff since about 1996, when I learned about how fiat paper currency financial systems actually work! And this will become a huge mess after the eviction bans end.There are similar rules in some places for commercial rents, and this impacts retail stores, bars, restaurants, nail salons, and the like – and their landlords. Might be the best of both worlds there…I think Nate hit this right on the head. The more property, the more of the service you are using. Local eviction bans mean that the local government suspended eviction filings and will not process evictions until a certain date, and they may put other restrictions on landlords.The federal rental relief under the CARES act provided eviction protection for 120 days. This will most likely mean revert to labor getting a bigger share as politics will demand more protection s for labor. CenDeluxe Hotel takes special requests – add in the next step! Near the hospital medical office buildings area I saw a sign, “CNA’s $15/hr.” The Walmart parking lot was as full as I have seen it in recent times.
Depending on who is doing the counting, the number of renters who haven’t paid their rents is either huge or just a small-ish increase over normal. I always wondered if that Foxconn deal in Wisconsin was someone’s exit strategy.Over the past 30 years I have worked with several Chinese people who came to the US and got Green Cards. It is to our detriment that we underestimate this educated, influential and large generation as well as the Z’s that followed them. Complete swing and a miss.
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