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Drudge Retort: The Other Side of the News
Tuesday, September 28, 2021

When the Supreme Court decided to strike down a federal ban on evictions in August, lawmakers and housing experts mentioned a slew of devastating metaphors -- cliff, tsunami, tidal wave -- to describe the national eviction crisis they saw coming.

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I've read in other places that those areas where evictions were not allowed to come to court, that it would likely be around Christmas before they started being evicted, just in time for the holiday.

Other states like Texas allowed these to be filed waiting for the moratorium to come to an end and will be starting much earlier. From what I've gathered, it will clog the courts in their multitude. A Texas judge ruled the eviction ban unconstitutional.

Landlords have been left holding the bag. Unable to receive rent from those who could not or would not pay, yet still having to meet the tax burden on properties, mortgage, insurance, and other required fees. While aid was promised in the form of government assistance and income to the landlords much of it has yet to be disbursed. It is my thought some landlords will wait to see if they can receive this financial assistance that was promised.

#1 | Posted by BBQ at 2021-09-29 10:24 AM | Reply

#1 - but the evictions would be timed by the last rent payment (typically 90-180 days), not from the time the SC decision, wouldn't they?

#2 | Posted by jakester at 2021-09-29 11:20 AM | Reply

Deadbeats receiving federal/state unemployment monies and not using it to pay their rent need to be evicted. The money was given to them so that they could survive after they lost their jobs. The ones who didn't pay rent are probably the same ones who saved the money and now don't want to return to work because "the pay isn't high enough"

When these morons run out of free money, it will be an employers market and the small businesses will be out of the game. Good luck with that.

#3 | Posted by BellRinger at 2021-09-29 01:16 PM | Reply

The problem with being a landlord is eventually you run out of other people's money.

#4 | Posted by snoofy at 2021-09-29 01:32 PM | Reply | Funny: 2 | Newsworthy 1

Deadbeats receiving federal/state unemployment monies and not using it to pay their rent need to be evicted. The money was given to them so that they could survive after they lost their jobs. The ones who didn't pay rent are probably the same ones who saved the money and now don't want to return to work because "the pay isn't high enough"
When these morons run out of free money, it will be an employers market and the small businesses will be out of the game. Good luck with that.

#3 | POSTED BY BELLRINGER AT 2021-09-29 01:16 PM | REPLY

Serious question. What makes them morons? Like big corporations, politicians, and the wealthy, the took advantage of the law. Do you call corporations "morons" when they pay no US tax? Do you call the wealthy "morons" when their effective tax rate is half that of the working poor? Why is it that taking advantage of the law and operating within the rules is commendable for some and immoral for others? Are you one of those people who thinks the poor are deadbeats when they file for bankruptcy and say "they're just taking advantage of the law to restructure" when corporations file for bankruptcy protection?

#5 | Posted by Unisphere at 2021-09-30 09:09 AM | Reply | Newsworthy 1

Seriously, if you own properties that are occupied, but the tenants have stopped paying rent, and worse, the properties have deteriorated to the point where they are unrentable, what do you do?

Allow the unpaid rent to accumulate, and maybe take the tax deduction?

Evict everybody and tear down the unrentable properties, and get a different tax deduction?

Use Turbo Tax and do some "what if" analysis to arrive at either the most profit or the least loss?

#6 | Posted by john47 at 2021-09-30 10:49 AM | Reply

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