/biz/ - Business & Finance

>>28892426
So do people still have to pay the total sum of missed payments in the end?

>>28892522
No shit. And most people are basically banned from working for anyone but big businesses in the meantime.

I will own nothing and I will like it.

>>28892426
based. fuck landlord kikes

>the absolute state of landlords

>>28892426
unironically based

>>28892426
kek based, my landlord is some boomer in 60s and I literally haven't paid rent for the 6th month in a row while I tell him I got laid off and trying to find work. Truth is I'm wfh and closing in on 7 figs in crypto, adios boomer your services will not be needed soon.

>>28892522
lmao, if true that's infinitely worse.
>Instead of paying your rent spread over the course of months, now you get to pay a huge lump sum

>>28892641
So what exactly is team Joe hoping to accomplish here? Sounds like the eviction crisis will just be even worse the longer they extend the moratorium.

>>28892522
yes but good luck collecting anything, lel.

>>28892926
Can he see you wfh through your window?

fucking boomers... literally waiting on them to all die now

>>28892426
I haven't paid my landlord since this started. I've been leaving here for free for the last year.
Get fucked landl*ords

I'm so glad we don't have an eviction moratorium in my country, I already evicted three tenants, two of them on the same weekend a few months ago, that was probably the best weekend of my life

>>28892967
>So what exactly is team Joe hoping to accomplish here?
Crashing the economy, with no survivors.

>all these landleeches think they have the upper hand
>all these landleeches threatening to collect a years worth of rent at once
>all these landleeches thinking the courts won't be packed full of eviction cases
>all these landleeches thinking they won't be desperate enough to rent to some other freshly evicted schmuck
>all these landleeches still carrying water for their loan collector
>all these landleeches realizing the bank doesn't give a fuck about delinquent renters

how do i harness this power?

if i didn't pay rent i would get served an eviction letter immediately

>>28893256

Seethe harder Jew

>>28892974
This. Most small landlords are fucked.

>>28893256
Mission soon to be accomplished.

Can I move out of my parents basement into some Jannies apartment, refuse to pay him and live for free right now?

>>28892974
But just imagine the ramifications of this. After COVID the US average debt per citizen will be in the tens of thousands. I know the phrase debt slavery gets thrown around a lot but the US has officially entered into it. The future is going to be potentially so dystopian, it eliminates any doubt in my mind that BTC is going to 100k+

This eviction moratorium is making it fucking hell to find a decent place in the city I plan to move to this year.
Nothing is opening up because nobody is leaving.
Landlords with decent properties aren't renting or jacking up prices because they fear getting someone who wont pay.

>>28892967
it's going to be delayed until he loses office, then the housing crash can be blamed on whoever takes over after him

Based Biden. Now when forbearance ends, even more homes will foreclose, and the market will crash even further. Just trying to get a home at a fair price.

>>28892426
Kind of irrelevant, but I would have done the same knowing that land lords & property owners will be in the same situation soon. They will own nothing & they are going to like it.

>>28893554
libtards never consider the consequences of their actions. they'll destroy all rental opportunities but at least they had good intentions.

>>28892426
>Oh i'm so SORRY mr landlord! I just CAN'T make any payments this month! I guess you'll just to eat shit another month!

>>28893682
Because of the moratorium, we will have the biggest property crash in the history of the country, unless of course the Fed prints us out of it.

>>28893361
you'd need to pay 2-3 months rent upfront.

>>28893554
it's your own fucking fault for not being rich enough to buy a house you poor piece of shit.
you fucking millennial fucks think you're so fucking entitled to renting anything you fucking want at any fucking time.
try pulling yourself up by your bootstraps next time like I did.

>>28892974
this. people who pay rent cannot put a lump sum together, if their life depended on it. and they would never pay out of principal anyway.

>>28892426
does it hurt your credit to not pay?

>>28893470
The average debt per citizen is already in the tens of thousands

>>28894052
You're not required to pay, so no

>>28893470
the ramifications is that property will be consolidated in the hands of multi-billion-dollar REITs. peasants will be given cells in commie blocks.

>>28892775
>>28892832
>>28892926
>>28893124
>>28893327
Suicide. Now. If you’re too dumb to do that, then simply go back.

>>28893608
Americans are not going to be paying rent for 8 years?

>>28892967
Trillions of more spending to bail out property owners. I don't even know what to think anymore. I don't want bailouts, but these eviction moratoriums are all government mandated, so it's not the property owners fault, and you can't get mad at the tenants because lot of them are forced out of work by the government. You can only blame the government and the people dragging this out.

>tenants can't pay landlords
>landlords can't pay mortgage
How exactly do people expect this to end? Will the government just cover the landlords missed mortgage payments just to make sure the housing market doesn't collapse?

>>28894139

Seethe, kike.

>>28893354
Now you are starting to see what they are up to.

>>28893329
They legally cannot evict you right now.

>>28894093
that doesn't sound right anon...

>>28894132
>increased market concentration
>decreased incentive to supply
>commie blocks
you're going to wish you had commie blocks

>>28892926
oh man I would be in the 85% if it weren't for MCDC

>>28893809
oh no, not my rental opportunityrinos

>>28892522
Yep. It's gonna be a bloodbath.

>>28894189
BTC go brrrrrrrrrrrr.

I love it now. I want it to burn so bad.

>>28894195
>Will the government just cover the landlords missed mortgage payments
no they'll foreclose on all those mortgages AND get bailouts

>>28893990
weak falseflag

>>28892426
Inb4 rent officially cancelled forever
Just like how the elimination of the gold standard was a "temporary" thing to "get us through the hard time"

be me
>havent paid a cent since the pandemic
>damaged a few pipes during the lockdown, just because
>Will move out once the moratorium end without paying
How will landlord cope?

>>28893809

Not the heckin landlords!

>>28894139
>t. overleveraged landie kike

Damn dude it never fucking stops with these people. I am going through the process of eviction now and its hell. Libs are so retarded
>YEAH FUCK LANDLORDS
Well congrats you're gonna have less landlords because the rich property companies that can absorb this and pay for the legal rep to get the money back are gonna snatch up all the foreclosure properties. Absolute bullshit.

Can't wait until I can sell all these fuckers. Poor people are so fucking frustrating.

>>28894088
130% of our gdp.
WTF!?!

>>28894416
>happy being homeless
maybe you can make yourself an autonomous zone, faggot

I just keep paying my rent because I’m too dumb and scared not to

>>28894195
no. small landlords will fail. banks will get a bailout. banks will suck up discounted properties on a penny per dollar, using bailout money. property consolidated. losses are collectivised, profits are privatized. fuck leftist brainlets who let voter fraud run rampant because orangemanbad.

You will never own a home.

>>28894488
why don't you get the house marked as habitably unfit. I heard someone say it was cheaper to pay the fees and renovation costs than have someone living for free.

>>28894488
they're children and they don't understand that consolidation in the rental market means higher rents or homelessness

>>28894472
back to /pol/reddit

>>28894272
>>28894481
Go back to /pol/, nobody wants you here.

>>28894195
>Will the government just cover the landlords missed mortgage payments
Lol. No. The government will bail out the tenants. And bailout large firms. The landlords in the middle are having their land intentionally stolen from them by the government. This is all intentional Anon. They are killing small buisness and land owners. You will own nothing and love it.

>>28892967
tenants can't pay landlords, landlords can't pay the bank, so the fed will bailout the banks again and everything will be "fine"

>>28894488
noooo we really need more landlords. not the heckin landlordinos

>>28894740
>tenants lose
>landlords lose
>banks win
and the commie kids support it

>>28894575
Meh at this point they've abandonded it because I said "hey I'm not even the owner, the owner died and I'm personal rep. I don't have the money to pay your heat and shit so pay it or get out" and they left when the water shut off lol.

My legal rep dragged his ass but this is probably pretty smart. I feel bad for those of you who are actual landlords. I was thinking of buying a few props out of the estate but honestly this shit is ROUGH since I am in a poor area. None of that for me.

>>28894614
More property for rich chinks I suppose.

>>28894745
Yeah landlords are killing market prices and not the mass immigration, eternal boomers, and lack of new buildings due to Jewish regulation schemes.

>>28892426
>eviction moratoriums just keep getting extended
>stimmy checks keep being too small to ever give landlords confidence the debt will be repaid
>eventually landlords stop paying their own mortgages
>banks take over apartment buildings
>nobody is paying rent
>why would we keep paying for power, water, maintenance, and tax?
>banks start just relinquishing control of buildings to local govts en masse
>federal govts give local govts money to run the buildings, but you have to make sure your tenants are 'diverse' enough
>overnight like 40 million americans are now living in shitty govt housing next to niggers

this is what's going to happen. change my mind. protip; you can't

I am quite happy to have bought a house back in November, despite COVID shenanigans. Daddy gubmint wont be able to process foreclosures and mortgages for at least a year from now

>>28894514
>>28894088
$80k per citizen of federal debt, and another $20-30k from student loans, state debt, municipal debt, ss/pension plan liabilities, etc.

>>28894158
Nah. The bad guys won and half the trannies on here are clapping. Fuck the landlords who voted for him thats funny.

>>28894342
>you're going to wish you had commie blocks
normies will riot without an apartment. the state will pay banks to provide commie blocks.

>>28894855

Landlords are for all those things because it enriches them. Furthermore they’re the ones who buy everything 3% down with a loan and expect other people to cover their mortgage for eternity.

>>28894488
>oh no small landlords deserve my paycheck
>if we don't have small landlords, then we just have big landlords
what part of "FUCK LANDLORDS" don't you understand?

>>28894878
I can't. Although I'm more of the opinion that chinks manufactured this entire thing to get ahead so we are about to see record highs of foreign investment

>>28894925
>I am quite happy to have bought the absolute peak of the longest housing bull market in history even though I know there will be a glut of foreclosures and sales when moratoriums end

>>28894999
>commie blocks
have you not been paying attention? they'll be pods.

>>28895048
Because big landlords will jack up the price and sue you for every small thing.

Regardless of whether or not your commie ideals matter, housing prices would be MORE fucked in cities if landlords weren't a thing because nobody would have anywhere to fucking live in cities. The service is essential and a necessary evil you dumb rentcuck.

fuck you guys I hope my parents sell all their property in the us and start buying property here in thailand.
>communism gay
No you're the communists, quit pretending you're not you stinking bums.

>>28894878
I think it's more likely that they eventually let people go back to work after sufficiently fucking the economy. Give bailouts to landlords, banks foreclose on properties of landlords who couldn't make it that far. China buys in bulk all the foreclosed properties from the banks. If you haven't figured it out yet, this is what it looks like for our government selling out the country to china

>>28894807
>banks win
>and the commie kids support it
commies support nationalization of apartments and a housing guarantee
liberals support privatization and government safety nets for wall st
what fucking planet are you on?

>>28894693
this. small landlords are the backbone of the republic. kill them, establish communism/fascism. Onions green and commie blocks. feed the cattle propaganda to keep their feeble minds believing the democracy meme. you only "deserve" what the bureaucrats decide you do.

>>28893327
>Simping for le sparrow killer commie man

>>28893850
kek

>>28895161
Pods are sick. Can’t wait

>>28895026
yup. fuck landkikes

>>28895222
seethe more, landkike

>>28895048
yeah

>>28895222
you should look into vienna's public housing situation.
it will melt away that ideological invisible cage you find yourself in.

>>28895293
>liberals support privatization and government safety nets for wall st
>commies support nationalization of apartments and a housing guarantee
one leads to another

>>28894514
>>28894931
Here's the thing though, interest rates are so low that the % of GDP is kind of a poor metric. Bonds used to have solid returns, even before the great recession it was like an 8%. Now the Fed buys it at 1% interest.

>>28893327

>>28894878
you're forgetting that the banks own the DNC. it will be the same but the banks keep the properties, and the state pays them to keep goyim housed with minimal amenities. taxes on middle class will be increased.

>>28895502
>you should look into vienna's public housing situation.
nah

>>28895509
>privatization leads to nationalization
>being this retarded
>being american
lol

You think the economy runs because people get paid?
No its because they're afraid of losing their homes or missing a mortgage payment.
You think the person at mcdonalds will give a shit about their job if they get a check and free housing?
They won't, it'll just turn the whole nation into the dmv.

>>28895448
I remain quite fine. Once I'm sold, easy life for me.

>>28895502
No niggers

>>28892926
>>28893850
based, im up 800% as well.
this situation can only end well for my shitcoins

>>28894745
Shut the fuck up.

Land should be taxed, see pic related

Why are you smoothbrained fucks even on this board? /biz/ - Business & Finance cares about one thing only, and that’s making money. This is a landpositive board.

>>28895561
imagine sincerely believing this. euthanise the rentiers

>>28892426
As a landlord who buys houses for cash and I am looking forward to the crash in prices when the big sell off happens. I will also need proof that renters kept up steady payments. So enjoy while it lasts. You will be evicted and it will be harder to get into another rental. Have fun living in nigger towns.

>>28895646
that's how the society union "worked." as long as they collected gibs from the West, that is.

Communism is coming and you will become slave op, say bye to your finances while you still have time

>>28895561
Lmao landcucks actually believe this

>>28895757
Soviet*
fucking kiked autocorrect

>>28893809
That's really a good thing though. Removing speculators will drive down home prices and people will be able to afford to buy again. People who live at home with their parents will get BTFO though when their parent's home gets slashed to a quarter of its current value - that's whats going to cause the real conflict for libs. Cheap homes and financial freedom are nice. Not being able to get a deposit on demand from daddy or grandpa, needing to *give them* checks instead, and actually needing to fully realize the literacy requirements and implications of financial freedom might be scary for them, though. That'll likely be what reverses all of this, assuming it even gets that far.

>>28894677
/biz/ IS /pol/
We hold chainlink so we can btfo you kikes

No larping guys seriously, I got a question
Rentchads, are you actually not paying rent? How fucked is your credit because of this? How long do you expect the moratoriums to last because we'll have to pay that shit back anyway?

>>28895113

I’ll pick up another home for cheapies and rent this one if that’s the case. Idgaf. I got plenty of cash on hand

>>28895733
false. this board is a bucket of crabs, and otherwise a dumping ground for all negative finance-related emotions.
i hated landlords for making money off a racket i couldn't afford to buy into, and now i'm glad that they're getting fucked.

>>28892426
How long are they going to keep extending this? Fuck I should just buy a house if ill just never have to pay a mortgage payment again.

>>28895586
>Rents are regulated by the city government so that none of the residents pay any more than 20 to 25 percent of their household income for housing, compared to the corresponding 30 percent benchmark in the U.S. A unique feature of Vienna’s social housing program, Lindstrom noted, is that the city’s income restrictions for subsidized units only apply when families first move in. Residents are never required to move out, even if household income levels increase in the following years. This arrangement results in a substantial number of moderate-income residents living in subsidized housing, and this mixing together of residents with different income levels helps with social integration. Since the city has a large stock of affordable housing, these middle-income residents typically do not crowd out lower-income residents.3 Because the city continues to add new units that are subsidized, about 5,000 annually, and available to lower income residents, housing developments do not devolve into middle-class enclaves nor do they become stigmatized concentrations of poverty.

seems kinda neat. i want to see for myself though

>>28895877
It does show up on your credit report (it's not supposed to but they found a way around it). Also if you don't eventually pay it, your credit report will get fugged.

>>28895554
By buying bonds, the Fed sets the interest rates. The more they buy, the lower interest rates go. They are printing money to buy bonds to lower yields on bonds. It's printing money to fight inflation. Either Schiff is right and this is the end of the world, because money printing = inflation, or the other austrians are right and thanks to nobody being able to leave their house and increase circulation, they will get away with it until things open up.

It's basically the perfect scenario for the Fed in the latter. They can bail out every single one of their friends while valuable real money, and then when americans start living their regular lives again, their money will be worthless and they'll be taxed to oblivion.

>>28895832

as long as the dems keep immigration level high and pumping record amount of free money into the economy, speculators will be here to stay

>>28894558
Your actually being smart. Keep documentation proving you kept up and use it to find a better deal.

>>28892926
You still owe that rent. That will be a shit lean to have against you.

>>28895372
I know right picrel is gonna be great

>>28894139
you are so fucking mad right now :^)

>>28892426
Ok good. Now I'll rent out a warehouse and stack barrels and tell the landlordcuck to fuck off. Bros we gotta stack some crude this is next bitcoin.

>>28895845
/pol/ has been shit for years, and yes, /biz/ is turning into fucking nu-/pol/ now. As I said, go back.

>>28895929
They definitely need niggers

>mfw im going to utilize this crisis to eventually become the landlord scumbag at the end of this
Based

>>28895642
>he doesn't see how one or few entities buying up all housing is going to lead to nationalization
>he thinks nationalization is a good thing
>he thinks I'm an american
lolol

>>28895915
literally anyone with the means is doing this, that's why there's an asset bubble

Fuck landies

>>28895929
vienna is regularly rated a city with the highest living standards and highest levels of "happiness" worldwide
>castrate the landleech
>experience happiness
it's not a coincidence

>>28895890
This is the right attitude to have about it. You'll make it. Just remember that housing probably won't ever again moon like it has in the past 20 years. Any investment housing you're thinking of buying will need to be decided upon by the prospect of actual paying tenants rather than capital gains.

>>28896002
So whats the point of not paying rent? Eventually we want to get a mortgage on a house. Thats the end game right?

>>28896169
you have no idea what nationalization is do you?

>>28892426
based biden dabbing on landlordlets

This thread makes the case for XMR.

>>28895680
seethe

>>28895821
>>28895750

Its great to see you could take time out of your day lapping at the communist boot to respond to me. Its amazing how none of you know how this goes in the end. History, and the irony here is totally lost on you I see. I sincerely hope you enjoy your state issued shoeboxes when the time comes. Its fitting after all that you would be treated as a shoe. You are what you eat and all that.

>work in city
>save up higher wage, move to area with cheaper wages and cheaper properties
>buy up as much as you can, inflating the areas house prices and limiting supply for locals
>only rent the properties out, don't sell any so people are forced to rent from you
>become officially assblasted when people don't leave but also wont pay and your plan falls to shit
>consider suicide when ALL of your properties are clogged with nopay tenants and you still have to pay taxes
Get fucked landlords, enjoy the paperwork, don't forget you do it for free

>>28896051
Well the velocity of money is something like 40% lower since the start of the memedemic. But, there's also 1.5 trillion is savings sitting on the sidelines. I personally put my stimulus check into my brokerage account, and I'm sure a lot of cryptofags bought crypto with it.

>>28896238
Depends on what your goal is. I think it only shows up for 7 years and you can always rebuild your credit. I know if you're doing loan forbearance on your mortgage it gets added to the end of the payment period, so you're actually kind of cucking the bank.

Isn't it strange how the housing crisis is caused purely by how much people don't want to live by future scientists and astronauts lol?