This crossed my feed today on the #cancelrent2020 front. Thoughts?

I think it is going to be really hard on both sides for a while and we should all try to work together and be patient with each other.

Heather Blume; There is No Free Lunch,.........

It looks like a catch 22.????

The next few years are gonna be rough on both sides of the spectrum.

Look up rentstrike2020. Agreed this is going to be rough for awhile

When they signed the lease they entered into a contract, they are legally obligated to fulfill that contract. Their argument makes as much sense as but toilet paper is a necessary item and I don’t have money, so I should be able to take it for free. ..... yea, try that.

Jay Michelle Wilson Or course! Since I lost my job and can no longer afford toilet paper, I’m entitled to just take it from the store. That’s their risk anyway, to have merchandise stolen ????

Because farmers, electricians, plumbers, car finance companies, must give you free product and/or services for FREE because you have no money.... This is their logic. What ever happened to save up 6 months rent in case of emergency or for a rainy day?

Mark Berger The people that have it together are the ones that have pay for it all. Total logic Lol

Annette Negron I understand that many young people or "non-fulltime workers" are under financial stress due to current economic situation. Many are at home without work and many have no savings. We've all been there, but we've also had to find ways to get out of that financial hole. There are options for young people in this situation. If you can't afford your current apartment, move out to a cheaper one, or get a roommate--legally you can add 1 roommate to a lease and pay only 10% more rent in LA. You can downsize from an apartment for yourself to renting a cheaper bedroom in someone's house. There are so many options, instead these people want to be bailed out by everyone else--because it's not their fault for not having any emergency funds. They are working really hard to turn their personal crisis into a larger public crisis by throwing in senior citizens and disabled and immigrants into the mix. But I believe people like seniors and the disabled whose financial situations haven't dramatically changed aren't as affected--they get the same fixed incomes each month. As to the immigrant community, on average, they would appear to have more savings on hand than these young people without savings, because average immigrant households have more conservative foresight to prepare for the worse. It will be very interesting to see how this works out for these young people caught in this bind.

Mark Berger It very much depends on the location too. Here in Orlando, Fl, many younger adults are still at home with parents or living with roommates and have yet to be on their own.

Location differences and population sizes make sense. Here in Los Angeles we have a large millennial population that is affected by the crisis in the moment and they are pushing for rent strikes. But the stimulus bill includes unemployment benefits for this group —even if they are part time independent contractors. They can be getting $2400 per month + in unemployment insurance assistance. Once this money starts coming in, I hope these rent strike movements will quiet down.

Bullbutter! You sign a contract, you are obligated!
So Clovid makes it ok to skirt responsibility?
How is it different from contracting diabetes, a heart attack, losing your job or having hours cut from pneumonia? Is there mortgage relief from that?
What makes this and you so special now?
Other than the media hyper-hysteria.

Robert Walker Did Bernie Sanders write that article? (just sayin..)

This is totally laughable. So because housing is a necessity and the homeowner is the investor - he should be the one taking the most loss? There is a reason a lease contract is signed. Both tenant and landlord have to fulfill their part of the agreement. This is a global crisis and national pandemic, we are all in the suffering together but that doesn’t make landlord or tenant have the upper hand or be more entitled than the other. It’s like rear-ending a vehicle while merging into a lane that says to yield; each vehicle is still responsible for their role in the accident whether at fault or not.

Ridiculous sense of entitlement ???? You don’t pay, you don’t stay. Sorry

So be it. If an investor takes such risks, then why does everyone get so upset when they make LOTS of money during the good years? This is no different than what many entrepreneurs do every day. Take risks. That being said, since I’m a property investor, we’ve spoken with all of our residents and asked them to pay what they can (property taxes due the end of April and the local govt has not pushed the due date back yet) and call us to talk through a payment process. This will be an issue for 2-3 months at the minimum. We’ve got to work together here.

Can’t pay can’t stay. I’d rather my investment property be empty than be full of non-payers.

Wow. Ok, Rental Housing Industry...we need to be sharing and informing others about the ramifications: No rent, no mortgage payment or possibly food for an independent rental owner, no employment for property managers, the trickle down goes on and on.

There's no Catch 22 here. There are lease agreements that specify what happens when tenants can't pay. But for the next 6 months, governmen, at all levels, is working hard to reduce pain/worry on both sides. They have suspended mortgages for landlords for 30 days to 4 months, and they have created an eviction moratorium for 6 months for tenants to get them time to catchup. But it seems certain pro-tenant advocates say, this extended catchup time is not ENOUGH--they want FREE RENT for this period, if they have been affected financially. But haven't landlords been affected financially? Landlords aren't going to escape from ANY of their standard expenses--mortgages, prop taxes, utitilities, insurance, etc? These tenant rights groups, furthermore, are trying to create the impression that majority of landlords are corporations, but the reality is the majority of landlords are individuals/mom/pop owners. The best way to address this is be sympathetic to the situation, but just like landlords have to pay for their responsibilities, so do the tenants.

Sounds so easy when people over-simplify and put only their own lens on something.
The risk for the investor does not include that renters get a free place but rather the risk(or loss) is incurred when they have to evict the renter unexpectedly and now the revenue stream is gone.