The American Eviction Crisis: Countdown to Doomsday

[CoraSpia]

Why should they have to sell assets because someone is being selfish and refusing to honour a contract they signed up to?

Also, you don't have the right to ruin someones life just for the benefit of your own health.

This isn’t about not paying rent. It was suspended by the government for several months and now many landlords are demanding back payments and since their tenants don’t have the money they are starting eviction. How our moronic leaders didn’t think this would be the outcome is beyond me. None of this was thought through whatsoever

Wait...do you not have a landlords union? (they don't work like a normal trade union, they're more like an industry advisory group) The government just suspended rent payments for all unemployed people, without realising that this just deprived landlords of a lot of money and they might want it back, likely to pay their own mortgages? I get why the landlords are pissed, I get why the tenants are pissed. If it's how you're describing it was a monumentally stupid decision and has 'dumb knee-jerk reaction' written all over it.

[Kowani]

So either the government hands out lots of free money (not actually free),

We’re nowhere near full employment, we could spend a UBI into existence with no drawbacks.

or they allow people who rent to not pay their rent, seemingly forgetting the fact that most landlords aren't massive billion-dollar enterprises and are actually families who own 1 or 2 rental properties, who will end up fucked.

Which is why most proposals advocate doing something for landlords as well, because having people impoverished on a mass scale is never a good thing.

Or states just let people work.

…Do we have any data that opening up has been economically helpful at all?

[San Lumen]

This isn’t about not paying rent. It was suspended by the government for several months and now many landlords are demanding back payments and since their tenants don’t have the money they are starting eviction. How our moronic leaders didn’t think this would be the outcome is beyond me. None of this was thought through whatsoever

Wait...do you not have a landlords union? (they don't work like a normal trade union, they're more like an industry advisory group) The government just suspended rent payments for all unemployed people, without realising that this just deprived landlords of a lot of money and they might want it back, likely to pay their own mortgages? I get why the landlords are pissed, I get why the tenants are pissed. If it's how you're describing it was a monumentally stupid decision and has 'dumb knee-jerk reaction' written all over it.

It is exactly how i described it and they didn't think about the consequences it would bring. It was a beyond idiotic move that will go down in history as one of the dumbest decisions ever made and will create a situation far worse than any pandemic. Approval ratings and support for social distancing will plummet once their is mass starvation and homelessness.

[CoraSpia]

Wait...do you not have a landlords union? (they don't work like a normal trade union, they're more like an industry advisory group) The government just suspended rent payments for all unemployed people, without realising that this just deprived landlords of a lot of money and they might want it back, likely to pay their own mortgages? I get why the landlords are pissed, I get why the tenants are pissed. If it's how you're describing it was a monumentally stupid decision and has 'dumb knee-jerk reaction' written all over it.

It is exactly how i described it and they didn't think about the consequences it would bring. It was a beyond idiotic move that will go down in history as one of the dumbest decisions ever made and will create a situation far worse than any pandemic. Approval ratings and support for social distancing will plummet once their is mass starvation and homelessness.

'Please self-isolate in your home.'
'I don't have a home, thanks governor.'

[Asle Leopolka]

People can't pay rent = evicted
Federal government passes laws that prevent eviction during a pandemic = landlords cannot collect and pay their bills/mortgages = property gets leined and/or foreclosed = tenants evicted anyway.

Shit sucks, but the landlords gotta get paid to keep their properties afloat.

[Grenartia]

People can't pay rent = evicted
Federal government passes laws that prevent eviction during a pandemic = landlords cannot collect and pay their bills/mortgages = property gets leined and/or foreclosed = tenants evicted anyway.

Shit sucks, but the landlords gotta get paid to keep their properties afloat.

Again, landlords shouldn't exist. Any actual job they do could be done far more ethically by a housing cooperative.

[CoraSpia]

People can't pay rent = evicted
Federal government passes laws that prevent eviction during a pandemic = landlords cannot collect and pay their bills/mortgages = property gets leined and/or foreclosed = tenants evicted anyway.

Shit sucks, but the landlords gotta get paid to keep their properties afloat.

Again, landlords shouldn't exist. Any actual job they do could be done far more ethically by a housing cooperative.

They have spare cash so they buy a house and use it as an investment, or they inherited their parents house and let it out. What's the issue with this?

[Soiled fruit roll ups]

People can't pay rent = evicted
Federal government passes laws that prevent eviction during a pandemic = landlords cannot collect and pay their bills/mortgages = property gets leined and/or foreclosed = tenants evicted anyway.

Shit sucks, but the landlords gotta get paid to keep their properties afloat.

This.

We need a approach that is more in favour of the landlords, but limits rents until employment is below x % again.

[Grenartia]

Again, landlords shouldn't exist. Any actual job they do could be done far more ethically by a housing cooperative.

They have spare cash so they buy a house and use it as an investment, or they inherited their parents house and let it out. What's the issue with this?

Because for-profit housing preys on the poor and disadvantaged.

[CoraSpia]

They have spare cash so they buy a house and use it as an investment, or they inherited their parents house and let it out. What's the issue with this?

Because for-profit housing preys on the poor and disadvantaged.

No, it's literally people using their own property to make money.

[Grenartia]

People can't pay rent = evicted
Federal government passes laws that prevent eviction during a pandemic = landlords cannot collect and pay their bills/mortgages = property gets leined and/or foreclosed = tenants evicted anyway.

Shit sucks, but the landlords gotta get paid to keep their properties afloat.

This.

We need a approach that is more in favour of the landlords,

You mean those people who sucked all of our money for literal decades before this pandemic, and now are crying their crocodile tears? They're the ones charging $600+ a month for single bedroom apartments. They should've saved up for a rainy day when they were rolling in the easy money. I have literally negative sympathy for them.

but limits rents until employment is below x % again.

Make it easier for housing cooperatives to form up and buy out the landlords.

[Grenartia]

Because for-profit housing preys on the poor and disadvantaged.

No, it's literally people using their own property to make money.

At the expense of people who have an economic gun to their heads.

[Plzen]

No, it's literally people using their own property to make money.

Not all market activity is good for human welfare and prosperity.

[Grenartia]

No, it's literally people using their own property to make money.

Not all market activity is good for human welfare and prosperity.

And a decent chunk of it is actively detrimental to human welfare and prosperity.

[Soiled fruit roll ups]

This.

We need a approach that is more in favour of the landlords,

You mean those people who sucked all of our money for literal decades before this pandemic, and now are crying their crocodile tears? They're the ones charging $600+ a month for single bedroom apartments. They should've saved up for a rainy day when they were rolling in the easy money. I have literally negative sympathy for them.

but limits rents until employment is below x % again.

Make it easier for housing cooperatives to form up and buy out the landlords.

Yeah not buying what you're selling.

[Grenartia]

You mean those people who sucked all of our money for literal decades before this pandemic, and now are crying their crocodile tears? They're the ones charging $600+ a month for single bedroom apartments. They should've saved up for a rainy day when they were rolling in the easy money. I have literally negative sympathy for them.



Make it easier for housing cooperatives to form up and buy out the landlords.

Yeah not buying what you're selling.

And I'm not out here simping for landlords.

[Galloism]

This.

We need a approach that is more in favour of the landlords,

You mean those people who sucked all of our money for literal decades before this pandemic, and now are crying their crocodile tears? They're the ones charging $600+ a month for single bedroom apartments. They should've saved up for a rainy day when they were rolling in the easy money. I have literally negative sympathy for them.

but limits rents until employment is below x % again.

Make it easier for housing cooperatives to form up and buy out the landlords.

I'd like to hear more about these housing cooperatives. Let's say 100 homeowners go in on a cooperative, putting up 200,000 each, and buy 100 houses, which they all move into. There's a collective fund that the homeowners pay into that covers things like repairs, etc, for all the houses collectively.

John, one of the original 100, dies. Sue wants to move into that house. As does Sam, Philip, Brenda, and Julie. How do you decide which one moves in? Do they have to contribute something to move in? What is Julie is John's daughter?

[Soiled fruit roll ups]

Yeah not buying what you're selling.

And I'm not out here simping for landlords.

Rad.

[Grenartia]

You mean those people who sucked all of our money for literal decades before this pandemic, and now are crying their crocodile tears? They're the ones charging $600+ a month for single bedroom apartments. They should've saved up for a rainy day when they were rolling in the easy money. I have literally negative sympathy for them.



Make it easier for housing cooperatives to form up and buy out the landlords.

I'd like to hear more about these housing cooperatives. Let's say 100 homeowners go in on a cooperative, putting up 200,000 each, and buy 100 houses, which they all move into. There's a collective fund that the homeowners pay into that covers things like repairs, etc, for all the houses collectively.

John, one of the original 100, dies. Sue wants to move into that house. As does Sam, Philip, Brenda, and Julie. How do you decide which one moves in? Do they have to contribute something to move in? What is Julie is John's daughter?

Those specifics would be decided by whatever bylaws run the cooperative. Though I don't see what benefits a housing cooperative provide to homeowners. It just sounds like an HOA at that point. The model works a lot better for, say, apartment complexes.

[Galloism]

I'd like to hear more about these housing cooperatives. Let's say 100 homeowners go in on a cooperative, putting up 200,000 each, and buy 100 houses, which they all move into. There's a collective fund that the homeowners pay into that covers things like repairs, etc, for all the houses collectively.

John, one of the original 100, dies. Sue wants to move into that house. As does Sam, Philip, Brenda, and Julie. How do you decide which one moves in? Do they have to contribute something to move in? What is Julie is John's daughter?

Those specifics would be decided by whatever bylaws run the cooperative. Though I don't see what benefits a housing cooperative provide to homeowners. It just sounds like an HOA at that point. The model works a lot better for, say, apartment complexes.

Ok, same thing, but it's an apartment building and instead of 100 houses it's 100 apartments.

[Plzen]

I'd like to hear more about these housing cooperatives. Let's say 100 homeowners go in on a cooperative, putting up 200,000 each, and buy 100 houses, which they all move into. There's a collective fund that the homeowners pay into that covers things like repairs, etc, for all the houses collectively.

John, one of the original 100, dies. Sue wants to move into that house. As does Sam, Philip, Brenda, and Julie. How do you decide which one moves in? Do they have to contribute something to move in? What is Julie is John's daughter?

Housing cooperatives, at least if Grenartia is using the term in the same way that I'm used to, is simply private ownership. You have a share in the cooperative, the share can be bought and sold like any other piece of private property, and holding on to the share entitles you to live at one of the cooperative's properties.

The primary difference is that in a housing cooperative, the buyers negotiate collectively. For the same reason that a union of a thousand workers negotiating with an employer generally results in more favourable conditions (for the worker) than having each worker negotiate separately, a housing cooperative can net fairer (that is to say, fairer for the would-be residents) prices for rent (if they choose to rent) or purchase (if they choose to purchase) than each would-be resident negotiating separately.

[Grenartia]

Those specifics would be decided by whatever bylaws run the cooperative. Though I don't see what benefits a housing cooperative provide to homeowners. It just sounds like an HOA at that point. The model works a lot better for, say, apartment complexes.

Ok, same thing, but it's an apartment building and instead of 100 houses it's 100 apartments.

Those specifics would be decided by whatever bylaws run the cooperative.

[Galloism]

Ok, same thing, but it's an apartment building and instead of 100 houses it's 100 apartments.

Those specifics would be decided by whatever bylaws run the cooperative.

That's a punt.

I could make the bylaws such that you have to buy into the cooperative, and that has value, which can then be sold.

Which is literally the same as private ownership.

It's like those farm cooperatives that are as corrupt as any corporation.

[Grenartia]

I'd like to hear more about these housing cooperatives. Let's say 100 homeowners go in on a cooperative, putting up 200,000 each, and buy 100 houses, which they all move into. There's a collective fund that the homeowners pay into that covers things like repairs, etc, for all the houses collectively.

John, one of the original 100, dies. Sue wants to move into that house. As does Sam, Philip, Brenda, and Julie. How do you decide which one moves in? Do they have to contribute something to move in? What is Julie is John's daughter?

Housing cooperatives, at least if Grenartia is using the term in the same way that I'm used to, is simply private ownership. You have a share in the cooperative, the share can be bought and sold like any other piece of private property, and holding on to the share entitles you to live at one of the cooperative's properties.

The primary difference is that in a housing cooperative, the buyers negotiate collectively. For the same reason that a union of a thousand workers negotiating with an employer generally results in more favourable conditions (for the worker) than having each worker negotiate separately, a housing cooperative can net fairer (that is to say, fairer for the would-be residents) prices for rent (if they choose to rent) or purchase (if they choose to purchase) than each would-be resident negotiating separately.

The way I was thinking is that the cooperative as a legal entity owns the property/properties, and the occupants have democratic control over the decisions the entity makes.

Which may functionally be the same thing, even if the description is different.

[Mirjt]

Because for-profit housing preys on the poor and disadvantaged.

No, it's literally people using their own property to make money.

That is wrong.