Are You Going to Pay Rent on the First of April?

fisky wrote:

hey dumb dumb2 wrote:

Yeah I'm gonna pay cuz I always got the cash but if I dont get my money from the govt there's gonna be repercussions. On a side note I'm going to the gun store next week.

Too late to go to the gun store. You can buy a gun, but ammo has been sold out for weeks. I just placed an online order for 800 rounds on backorder with a shipping date of April 8-15. It probably won't happen until July, assuming this is over by July.

What kind of ammo? Target practice or HP?

SouthernFriedRealist wrote:

fisky wrote:

Too late to go to the gun store. You can buy a gun, but ammo has been sold out for weeks. I just placed an online order for 800 rounds on backorder with a shipping date of April 8-15. It probably won't happen until July, assuming this is over by July.

What kind of ammo? Target practice or HP?

Target practice from Bass Pro Shops. You *might* still be able to get a box of the expensive self-defense rounds, but they were outrageously expensive, even online. I didn't try to order any Hornady or stuff like that.

Walmart was sold out, except for 270 and a few other less popular hunting calibers.

Getting back on topic, I'm a member of a real estate investor organization. The consensus so far... and that could change... is to work with tenants who can't make full payments to defer full payment until later and forgive rent on an exceptional case by case basis.

When this clears up, those who attempt to work with their landlords will be the first to get concessions. Those who don't will get eviction notices so they can rent the property to someone who can pay.

If you can't pay your rent, the overwhelming consensus is to let your landlord know as soon as possible. Work out a deal to pay what you can.

We own our apartment, and the mortgage is paid off long since. But we still have a "maintenance" payment of ~$3k, which I sent in a couple days ago. The building's a co-op, so I certainly hope everyone else pays up!

Idel wrote:

Viejo that sucks. How did they explain not paying rent?

He provided a letter from his employer. Furloughed. He works for a food service provider, their business is basically zero now. AZ prevents eviction for 120 days for those affected by this thing. He's been a good tenant for 7 years, I wouldn't evict him anyway. But in 3 months I'm going to have to reevaluate that. Fingers crossed that things start to get better soon - for all of our sakes.

Aren't all these people getting unemployment and stimulus money? Is that not enough to pay their bills?

It doesn't matter ... the governor of AZ saw fit to prevent eviction for non-payment of rent if your employment was affected by this shelter in place order. Regardless of your assets etc. Why would you pay even if you had the means to?

Because you will owe the money at the end of the 3 months. Just beverage youth can't be evicted doesn't mean it can't ruin you afterward. Your credit, tenant track record, etc?

fisky wrote:

When this clears up, those who attempt to work with their landlords will be the first to get concessions. Those who don't will get eviction notices so they can rent the property to someone who can pay.

When this clears up, it may be hard for landlords to find tenants to replace those evicted.

If the current tenants can pay going forward, landlords may just have to absorb the rental income loses and move on.

No, our building agreed not to. We are 60 tenants in Nob Hill, SF. Many buildings in SF did the same. The great part about renting. You have control and freedom.

Mortgage is a debtors prison and a terrible investment vehicle for the lazy and the stupid, unless you're a slum lord flipping houses, like someone collecting pop cans and bottles to get the 5 cent return. Waiting years, hoping, praying your housing value changes as you get lapped by real investors.

Having a mortgage is the investment savvy of buying a CD/bond with a 3-5% return. Only you keep paying for the CD/bond every month! Lol

elviejo wrote:

It doesn't matter ... the governor of AZ saw fit to prevent eviction for non-payment of rent if your employment was affected by this shelter in place order. Regardless of your assets etc. Why would you pay even if you had the means to?

I read this suggestion so I will pass it along. Perhaps you should file your eviction now because they will be processed in the order received once the courts start handling them. You may end up with a deadbeat for a lot longer than three months if you don't.

Star wrote:

You’re asking this question on Letsrun, where every poster has a secure job that pays hundreds of thousands of dollars a year and they all ran a 5K under 14 minutes.

No one is skipping rent or mortgage here.

?????????

idel wrote:

DIscus.

Vote Bernie! Everything will be free!

explain the connection wrote:

What exactly is the argument for not paying rent that is owed for an apartment/house? For commercial property, an argument could be made that the space is unusable and the tenant thus should not be responsible for paying rent on an office that they aren't allowed to occupy. But COVID-19 doesn't prevent you from using your home, so why would you not pay your rent/mortgage if owed?

I'm just not seeing the nexus between the COVID-19 shutdown and the residential rent strike.

People aren't working so they don't have money to pay the rent. That's the nexus.

Texas38 wrote:

Aren't all these people getting unemployment and stimulus money? Is that not enough to pay their bills?

No one had gotten the stimulus checks yet. Most people recently laid off haven't gotten unemployment yet.

fisky wrote:

When this clears up, those who attempt to work with their landlords will be the first to get concessions. Those who don't will get eviction notices so they can rent the property to someone who can pay.

If you can't pay your rent, the overwhelming consensus is to let your landlord know as soon as possible. Work out a deal to pay what you can.

You fully supported the destruction of the economy over an ordinary cold virus. Why should anyone have to pay you? It is your fault if they can't. They should default and squat for the next six months until your are broke and have to live out the rest of your life on social security.

It is long past time for the boomers to be put out to pasture. Take your severance and embrace your looming irrelevance.

Nigel_Bikes wrote:

Star wrote:

You’re asking this question on Letsrun, where every poster has a secure job that pays hundreds of thousands of dollars a year and they all ran a 5K under 14 minutes.

No one is skipping rent or mortgage here.

You forgot the stunningly beautiful, 10+, model wife.

...while you’re at work, your wife is with me multiple times each week over the last three years . I give her the attention you could never deliver; too caught up in following little tiny men that weigh 122 pounds and posting on letsrun. Check her phone, check her photos , you’ll see a woman you never knew, she played you like the foolish cvk you are.

Mortgage holders get to pause rent during this shutdown and renters do not, no?

The Explainer wrote:

Texas38 wrote:

Aren't all these people getting unemployment and stimulus money? Is that not enough to pay their bills?

No one had gotten the stimulus checks yet. Most people recently laid off haven't gotten unemployment yet.

Then shouldn't they have received a recent paycheck still? You know, the one they would have paid rent out of? Or they could pay when they DO get their stimulus. But going 3 months is just going to make them owe a very large bill come fall.