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Pre-Covid I used to work at a restaurant and a lot of the hard-working kitchen people in the back were living paycheck to paycheck... I can only imagine what they're doing now.. since a lot of them sadly don't qualify for UNEMPLOYMENT cause they're not "legal", EVEN thought they're the FUCKIN' BLOOD, SWEAT and TEARS of LOS ANGELES.
So yeah... just curious what y'all dingle berries were even thinking about
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We are making you pay it, your late bro.
I need my rent money, cough it up ).gif)
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"Dingle Berries"? So rude.
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My vacation condo in Hawaii, bookings have fallen off a cliff. Got enough saved in that account to carry though the end of summer, after that I have to pay out of pocket.
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Some of us haven't stop working...
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^^^^
Tell that to the airlines that just got bailed out, AGAIN! They gambled on stock buy backs and went crying to the Gov when it blew up in their faces.
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if you own, you still got to pay the banker.
my renter lost all work hours,
CAN'T raise rent, even though the 1-yr lease is up,
CAN'T evict, he pays what he can..
that's why there's a security deposit.
he'll just have a deficit balance. he's got 1 year to catch up pn back rent.
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Prayers if you own. Not fun.
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If you own you pay tax, insurance, utilities and repairs.
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And much more. Plus keeping your tenants happy. Stressful times. We will all be fine in the future.
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got a little emotional there with the caps?
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Still working. And getting busier every day. And if I only had 3-6 months reserves, I would be pissed.
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For my renters that have lost their jobs I am helping my renters find side gigs and permanent jobs.
It is in my interest to keep them and to have them pay some part of rent. I am very picky as to who I let live under my roof, and who I depend on for income.
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In san bernardino county theyve put a freeze on all evictions that are resulting from tenants not being able to pay because of unemployment due to the pandemic. Im curious now if that is going to be the case in l.a county as well, i havent read anything about it here in l.a. but i might have missed it. Im gonna check that out now.
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I've decided to become an American Gigolo.
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Still working. I knew I was important but I had no idea how essential I was to operation bullshit until now. I was getting ready to retire but since my stocks depreciated by half, that's out the window. I can still afford my hobby but how could I be sure of anyone still working right now? Catch-22. My hands and my Quest VR headset are getting a real workout. I'm probably going to have to get that carpal tunnel surgery by the time this quarantine is over.
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Vikki,
i believe it is state-wide.
the governor stated on 3/31...
no rent gouging. no rent increases to force old renters out, and getting market rate NEW renters.
1 year to catch up on back rent.
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Work is slowing, work on some healthcare facilities is slow, seems many Urgent Cares are closing for now. Still other sources of work and income.
My current renter of 3 years seems to be fine and has been paying rent on time still.
It is going to be a mess untangling delinquent accounts (rent and mortgages) after this is over. What will the effect be on credit? When does the eviction process start?
Los Angeles City is very renter friendly/occupant friendly, I can see a lot of small landowners losing terribly with the current situation.
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So a renter who renews a lease right now is likely getting a below-market rate?
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Iโm an essential worker, nurse, so Iโm still working and paying a mortgage. ๐
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So, do ppl actually own a house if they are paying the bank still?
I'm lol'ing at how many old people are relying on their OG homes being rented out to pay for their own rental err I mean that second mortgage
And DesireeDulce, why should the little man/woman be responsible and save up money when giant ass corporations haven't saved up for a rainy day and need a bailout of their own?
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So, do ppl actually own a house if they are paying the bank still?
Technically no, but at least I dont have to worry about some landlord raising the damn rent every year. Mortgages typically go down unless you do something to make it go up.
I am actually in a good place with our primary residence here in OC. Comps says its worth $650k (for now) and I owe less than half of that with really low rate. I am thankful for our big backyard since everything is closed now.
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Technically, you do own it. You have a legal deed.
If they take it and sell it at auction, you get any proceeds over and above your mortgage owed.
Same with property taxes.
If you take out a personal loan, it's not like you don't own your life anymore, lol
You've pledged "work hours" towards paying it off just like you gave the collateral of your home to pay off what you borrowed against it
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Gov can always take it from unpaid taxes and don't forget about eminent domain..
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You can't just not pay your rent. If you can't pay it all, make an arrangement with your landlord and pay whatever you can now, and a payment plan for the accruing balance.
If you just tell him "fuck you," that's exactly what he'll tell you right back on the steps of the eviction court, the very first day he can file.
Same with utilities. Just because they can't shut your service off doesn't mean it's free. Pay them whatever you can as well. Once they shut your down and send you to collections, good luck ever getting service in your name again without a HUGE deposit...and same for the rental...good luck ever renting again with an eviction on your record!
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Eminent domain?
Why not force majeure or martial law?
Shoot you and take your shit
That's what Bernie would do and I respect him for it
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I love this guy. He needs more press. Wish he would run again.
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Game plan for RENT = never do it.
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@Zeros
what you have is equity in your home.
if you want to.
u can pull out a home equity line of credit for thd other half of what the home is worth.
most people get a 2nd mortgage for remodeling etc...
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Paid
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I work online anyway, and my organization's services are still in demand, so COVID-19 has not affected my employment. Thank goodness.
My savings took a hit with the stock drop, but not that much because I had moved most of it to a somewhat less aggressive fund last year - still with some stock, but not as much. I had figured it was time for the bull market to take a hit this year, for various reasons. The actual reason, I did not see coming of course. That happens a lot with investments, I think.
At any rate, I've been lucky so far.
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My workload doubled. I refinanced my house, got a 1% rate drop and added 40k to the reduce my balance. So my payment is down 1k per month.
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@DesireeDulce that part
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I had to ask my lenders for forbearance on three of my duplexes. Go figure, two of them are transitional housing. They are suppose to get rent from the government.
All I know, itโs going to be busy for all the attorneys.
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TO PAY IT!
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This recession will create buying opportunities!!!!!
And the fucking socialist republick of Los Angeles is going to allow people to stay rent free.
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โ Those passing away will have a ton of stuff to get "rid off" Those families will just dump it. I would say go to obituaries and find out who you can help clean out the home of a lossed loved one.
Then 5mile, LetGo, Facebook marketplace, and OfferUP.
And make more money than when you served others in food biz, In your PJs. โ
um. wow.
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^ Totally agree with you.
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hime got Covid right?
:crossing fingers:
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saw a news segment yesterday of families getting taken out of their rentals in HOU...pretty heartbreaking images...they have no idea where they are going as they use shopping carts for their stuff while walking away
in the meanwhile... the unemployment rate dropped to 8.4 percent today. probably not what the left wants to see
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The left wants lower unemployment rate even though the right fucked it up with the pandemic.
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Pretty sure a couple of beers will loosen Rent up.
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