Coronavirus. Not to be confused with Norcovirus.

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sir crashalot said:
Fortunately our landlord is my in-laws who need us nearby so at least we won’t be evicted. Unless things really go bad.
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One of my favorite finance quotes: "When you owe $100, it's your problem. When you owe $100,000,000, it's our problem."

I think this panic is impacting so many people and effecting such a broad swath of the economy, that things like evictions and late fees will be postponed / delayed, if for no other reason than no one wants the bad publicity of kicking someone out on the street in the midst of a pandemic.

That said, I am still wondering if I will be able to file my taxes.
 
By the way, this article is an interesting read. It evaluated the rate of spread of the novel coronavirus in warmer versus colder countries.

Quote: high temperature and high relative humidity significantly reduce the transmission of COVID-19.

warm.jpg
 
BonsaiNut said:
One of my favorite finance quotes: "When you owe $100, it's your problem. When you owe $100,000,000, it's our problem."

I think this panic is impacting so many people and effecting such a broad swath of the economy, that things like evictions and late fees will be postponed / delayed, if for no other reason than no one wants the bad publicity of kicking someone out on the street in the midst of a pandemic.

That said, I am still wondering if I will be able to file my taxes.
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SnakeCharmer said:
I heard that landlords are restricted from evicting tenants due to this pandemic.
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Calabasas passed an emergency proclamation last night saying just that. No evictions for those that can't pay due to a verified COVID-19 induced hardship, with 6 months to pay back due rent once the emergency period ends.

I also heard the term "national financial holiday" used on one news outlet referring to the idea of a moratoriam on rents, mortgages, etc. Hard to imagine that actually materializing, but who knows.
 
SnakeCharmer said:
I heard that landlords are restricted from evicting tenants due to this pandemic.
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That's an interesting one.
I find it interesting how California fails to recognize that Landlords are actually business owners too. Supply and demand, forced rent control, and now the inability to stay profitable by owning rental and lease properties.
I'm not trying to be insensitive, and no doubt these are tumultuous times, it's just that our government has it's fingers in everything where they don't belong. This is one I happen to think they need to butt out of.
 
Mikie said:
That's an interesting one.
I find it interesting how California fails to recognize that Landlords are actually business owners too. Supply and demand, forced rent control, and now the inability to stay profitable by owning rental and lease properties.
I'm not trying to be insensitive, and no doubt these are tumultuous times, it's just that our government has it's fingers in everything where they don't belong. This is one I happen to think they need to butt out of.
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I think this is just going to be like a game of musical chairs with government pork. You don't want to be the one left without a seat at the table when they hand out a trillion dollars.
 
Mikie said:
That's an interesting one.
I find it interesting how California fails to recognize that Landlords are actually business owners too. Supply and demand, forced rent control, and now the inability to stay profitable by owning rental and lease properties.
I'm not trying to be insensitive, and no doubt these are tumultuous times, it's just that our government has it's fingers in everything where they don't belong. This is one I happen to think they need to butt out of.
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Sorta like giving individuals incentive to not pay their rent. Then, they're supposed to make it up when the condition abates. Sounds like something from a Socialist society (to me). Again, not being insensitive, but property owners rely on the money to pay their mortgage.
 
Mikie said:
That's an interesting one.
I find it interesting how California fails to recognize that Landlords are actually business owners too. Supply and demand, forced rent control, and now the inability to stay profitable by owning rental and lease properties.
I'm not trying to be insensitive, and no doubt these are tumultuous times, it's just that our government has it's fingers in everything where they don't belong. This is one I happen to think they need to butt out of.
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The truth is, we all suffer in a situation like this. Landlords are not being picked on. It's a trickle down effect. Nobody will be any more liable than anyone else. If banks threaten to foreclose, the Govt will step in and stop that.

We are in survival mode now. Existence is all that matters until we get a handle on this thing.
 
SnakeCharmer said:
I heard that landlords are restricted from evicting tenants due to this pandemic.
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Yep.

My parents are out of the country and are unaware. Although in their late 60s, I'm going to need to be very delicate in explaining to them they will likely need to extend rent due dates for a minimum of a couple of weeks. With 12 SFH's rented, that's not going to be easy to do.
 
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Most of us will be affected by this in some way or another.... But let's consider the state of our society, we would be kidding ourselves to deny that, as previously mentioned in this very thread, that we will see a variety of effects due to the wealth gap. I think of The families I service on a daily basis, where both parents work service jobs to barely pay rent and hopefully have as enough left over to feed their family (if it hasn't been hoarded). I'm glad we can say even in times such as this, that we make efforts to protect our most vulnerable. That is what makes us a civilized society.
Please, let's avoid the social Darwinism and focus on being good neighbors and community members...

Yes, it's not fair to landlords as well, but it is a moratorium to protect vulnerable members of our society, stop thinking of everything as having "socialist" motivations....
 
Derkderkall said:
Most of us will be affected by this in some way or another.... But let's consider the state of our society, we would be kidding ourselves to deny that, as previously mentioned in this very thread, that we will see a variety of effects due to the wealth gap. I think of The families I service on a daily basis, where both parents work service jobs to barely pay rent and hopefully have as enough left over to feed their family (if it hasn't been hoarded). I'm glad we can say even in times such as this, that we make efforts to protect our most vulnerable. That is what makes us a civilized society.
Please, let's avoid the social Darwinism and focus on being good neighbors and community members...

Yes, it's not fair to landlords as well, but it is a moratorium to protect vulnerable members of our society, stop thinking of everything as having "socialist" motivations....
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I'm going to sit on this comment for a while.... :-)
 
BonsaiNut said:
Yes. And actually, the numbers are so small that the kind of math I am doing is irresponsible. The point being you can't draw ANY conclusions from 37 deaths... or 85... or 200. The numbers are simply too small to be statistically significant when you are talking about a population of 350,000,000 people.
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FWIW... I just bumped into this STAT article from today which pretty much repeats everything I have been trying to say in this thread. No, I didn't write it, but it sounds like I did :)

A fiasco in the making?
 
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