Posted on 07/26/2020 12:50:57 PM PDT by karpov
White House economic adviser Larry Kudlow said Sunday the federal government will extend a moratorium on evictions as part of the next round of coronavirus relief that will also include another round or $1,200 stimulus checks.
“Don't forget, there's a $1,200 check coming. That is going to be part of the new package. I would have preferred a payroll tax cut, on top of that check. But, be that as it may, politically, it doesn't work,” Kudlow said on CNN’s “State of the Union,” adding that it is a “very well-rounded package.”
“People need that money as soon as possible. People are worried about being evicted,” Tapper said.
Kudlow responded that the federal government will “lengthen the eviction,” referring to the eviction moratorium that expired last week.
Kudlow also defended ending the additional $600 in unemployment benefits, voicing support for a plan to cap benefits at about 70 percent of wages.
(Excerpt) Read more at thehill.com ...
I get you, but the Government only hands out money it takes from others minus handling costs. So to pay off mortgages, it has to take that money from others. So I end up paying for your mortgage and mine.
Not only in taxes, but by deflating the dollar, thereby taxing savings and investments.
I worked hard to save a dollar, that is now worth a quarter because of all the “stimulus” packages.
Gold used to be 32 bucks an ounce, now its 1800 bucks.
My savings was worth a hundred ounces of gold when I earned it now its worth 45... where did the 55 ounces of value go?
The politicians spent it buying votes.
A suit in 1930 was about an ounce of gold, or 35 bucks.
A suit in 1960 was about an ounce of gold, or 120 bucks.
A suit in 2000 was about an ounce of gold, or 360 bucks...
A car cost 2000 bucks in 1930, a house 20,000
Get the drift?
That is why I dont want to pay for your mortgage, with taxes, and inflation and devaluing the dollar.
My mortgage is now payed off, took me my whole life, why do you want a free ride on my back?
That’s true for the federal eviction moratorium, but many state and local eviction moratoriums have extended beyond that. For example, in Kentucky, the governor has extended the eviction moratorium to include all rentals even if the property is completely paid off with no mortgage whatsoever. The landlord must still pay for expenses on the property such as taxes, repairs, etc. However, if a tenant stops paying rent, they can’t be evicted for non-payment. Governor Beshear has made our leases unenforceable. So, he has effectively turned our rentals into public housing but Kentucky is not reimbursing landlords for tenants who choose not to pay rent.
In Kentucky, if they stop paying, they can’t be evicted for non-payment, period. There is no mechanism in place to check to see whether they have the funds to pay. The landlord is just out of luck.
It is a violation of our 5th amendment rights as property owners.
No, renters pay rent to their landlords because they are buying a service from their landlord. Then, landlords who have mortgages take the rent they receive and use it to pay their mortgages. If the landlord doesn’t pay the mortgage, the renter is not held responsible.
In the same way, employers pay employees/renters for their time and work. Then, renters take their pay and make car payments. The employer didn’t make the car payment and If the car note doesn’t get paid, the employer of the renter/employee isn’t held responsible.
You are buying a service from your landlord. You decide to stop paying for the service. The landlord should stop providing the service.
You are buying electrical service from your electric company. You stop paying for electrical service. The electric company stops providing their services.
You are buying telephone service from Verizon. You stop paying for service. Verizon stops providing service.
Idiot. I was saying IF we are going to have a stimulus. I am against ALL stimulus packages for the record.
If we are going to have a stimulus though. I would desire it to be done in a way to have a lasting effect and to the good if possible.
No so called stimulus package is a good thing. Printing more money and deepening our debt is never a good thing,
Now buzz off little fly.
Unless the government is planning on providing rent assistance then they’re dumping an unfunded government mandate on private property owners.
Giving the renters $1200
Because they can’t afford the rent
Tell the property of owner you can’t evict
Only makes sense in government
...if you won’t be evicted, you won’t use the money to pay rent.
“Really? For most landlords, this “suffering” does not mean the difference between a roof over their heads and no roof. But it does for a lot of tenants. It makes it very difficult to continue with a job, or look for one. Aside from the obvious trauma of losing your abode (what about furniture and belongings), where are you going to clean up for work? I left out food and using the toilet and the kids’ school and their needs etc.”
Sounds socialistic to me, taking from one to support another, it is not the landlord who should be responsible for the support of the tenants.
Oh, did your mask slip a little?
Idiot? My that does shed light on what was an interesting discussuin...
I just think that there is no good effect from any sti.ilus package. You and I both know that politicians steal far more than they actually “stimiulate”.
I am a free market capitalist, I do not believe any man is capable enough to spend what someone wise has worked for and earned better than the man who created the wealth in the first place.
Centralized planning is wasteful, inefficient. and is a hotbed of corruption.
So, all you Snidely Whiplash “landlords” or armchair warriors, you don’t have an ounce of business acumen among you. All you see is your hand out for money. You mistake severity and name calling for actually doing business.
Hey pal, sorry you are having a rough time paying your rent. Why not get a loan and pay the low interest rate, or you get off the couch and get a job. You want Marxism move to some socialist country.
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