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WTF was the point of pay people unemployment and stimulus checks, if not to pay their bills/rent? I can't believe we as society just laughed and robbed all the

WTF was the point of pay people unemployment and stimulus checks, if not to pay their bills/rent? I can't believe we as society just laughed and robbed all the landlords. This is truly shameful.

lettergram 5y ago
Big investment firms are taking advantage of it https://slate.com/business/2021/06/blackrock-invitation-houses-investment-firms-real-estate.html https://slate.com/business/2021/06/blackrock-invitation-hous... Note, Blackrock is also getting a ton of FED money https://www.wsj.com/articles/fed-hires-blackrock-to-help-calm-markets-its-etf-business-wins-big-11600450267 https://www.wsj.com/articles/fed-hires-blackrock-to-help-cal... Remember, "by 2030: You'll own nothing. And you'll be happy." https://rumble.com/vdgi1h-world-economic-forum-by-2030-youll-own-nothing-and-youll-be-happy-about-it.html https://rumble.com/vdgi1h-world-economic-forum-by-2030-youll...
- effingwewt 5y ago
  Also cars. The bus line is the only public transportation in my city. They went from being so full you may have to wait for the next bus to almost empty. I've also noticed a lot of people got 'new' cars (financed I'm sure), and are letting their old ones collect dust rather than selling them. I'm guessing a lot of stuff is going to wind up being sold here shortly.
  - booi 5y ago
    I find that hard to believe. Between the chip shortage and the supply chain issues, new car supply has been constrained and the used car market has gone gangbusters.
    - effingwewt 5y ago
      You don't have to believe it, but why would chip shortages impact used cars. You were the one who assumed it was new new cars. Part of the reason that used cars are in such short supply is that so many bought the used ones up. We had an epidemic in my city of people with cars who never had one before, accidents everywhere. Paper plates were all you saw for months. The bus lines speak for themselves. The used cars didn't increase in value until well into the pandemic. Blah blah sometimes explaining the real world to people in bubbles gets so old.
iratewizard 5y ago
Nonstop agitation propaganda meant to rile the have nots against the haves.
- JAlexoid 5y ago
  You can look at it like that. But you could also realize that landlords in these areas have had government assistance for ages. They got tax abatements, low financing and protections against competition. That's not even close to a free market. They benefited from that government interference, but now they are annoyed that their tenants are getting that support.
  - cinquemb 5y ago
    When people are ok with moral hazard being ignored for so long, these types of things are inevitable…
tjr225 5y ago
This is one of the strangest things I have ever heard anyone say. Landlords buy something, and then charge someone else more than it is worth to use it- because it is necessary. They are essentially home scalpers. Don’t feel bad for them.
- rrrazdan 5y ago
  You just described commerce as scalping. A grocer is a scalper according to you. So is a meat distributor.
  - ihsw 5y ago
    Communists look at any fruit of labor as inherently exploitative.
  - tjr225 5y ago
    I happily pay to buy directly from local sources. Also; people don’t need meat, they do need housing. You’re missing the point of what I am saying entirely though. If you treat housing as an investment and the investment goes sideways for whatever reason, why should anyone feel bad for you? It sucks, but that’s how investing works! You don’t think other legislation/govt intervention impacts non-housing financial investments? Thems the breaks. They took the risk, let them own it. That’s literally the entire freaking point!
  - JAlexoid 5y ago
    Except that retail is a service you pay for. Modern landlords are mostly government subsidized (tax abetements, low financing rates for "business", etc). There are definitely landlords that provide a valuable service, but there's a reason why profiteering landlords are almost universally disliked. PS: Remember where we get the term "landlord" - the feudal lord that collected tax(aka rent) while providing a very specific service to the peasants on the land plot that was grated to him by the superior nobleman. It's nothing like that today... Even the losses in their income get socialized - how do you think Donald paid only $750 in federal taxes? The whole system is setup to protect "landlords".
  - unethical_ban 5y ago
Ar-Curunir 5y ago
The only thing shameful in society is the existence of landlords.

WTF was the point of pay people unemployment and stimulus checks, if not to pay their bills/rent? I can't believe we as society just laughed and robbed all the landlords. This is truly shameful.

lettergram 5y ago

Big investment firms are taking advantage of it https://slate.com/business/2021/06/blackrock-invitation-houses-investment-firms-real-estate.html https://slate.com/business/2021/06/blackrock-invitation-hous... Note, Blackrock is also getting a ton of FED money https://www.wsj.com/articles/fed-hires-blackrock-to-help-calm-markets-its-etf-business-wins-big-11600450267 https://www.wsj.com/articles/fed-hires-blackrock-to-help-cal... Remember, "by 2030: You'll own nothing. And you'll be happy." https://rumble.com/vdgi1h-world-economic-forum-by-2030-youll-own-nothing-and-youll-be-happy-about-it.html https://rumble.com/vdgi1h-world-economic-forum-by-2030-youll...

effingwewt 5y ago
Also cars. The bus line is the only public transportation in my city. They went from being so full you may have to wait for the next bus to almost empty. I've also noticed a lot of people got 'new' cars (financed I'm sure), and are letting their old ones collect dust rather than selling them. I'm guessing a lot of stuff is going to wind up being sold here shortly.
- booi 5y ago
  I find that hard to believe. Between the chip shortage and the supply chain issues, new car supply has been constrained and the used car market has gone gangbusters.
  - effingwewt 5y ago
    You don't have to believe it, but why would chip shortages impact used cars. You were the one who assumed it was new new cars. Part of the reason that used cars are in such short supply is that so many bought the used ones up. We had an epidemic in my city of people with cars who never had one before, accidents everywhere. Paper plates were all you saw for months. The bus lines speak for themselves. The used cars didn't increase in value until well into the pandemic. Blah blah sometimes explaining the real world to people in bubbles gets so old.

iratewizard 5y ago

Nonstop agitation propaganda meant to rile the have nots against the haves.

JAlexoid 5y ago
You can look at it like that. But you could also realize that landlords in these areas have had government assistance for ages. They got tax abatements, low financing and protections against competition. That's not even close to a free market. They benefited from that government interference, but now they are annoyed that their tenants are getting that support.
- cinquemb 5y ago
  When people are ok with moral hazard being ignored for so long, these types of things are inevitable…

tjr225 5y ago

This is one of the strangest things I have ever heard anyone say. Landlords buy something, and then charge someone else more than it is worth to use it- because it is necessary. They are essentially home scalpers. Don’t feel bad for them.

rrrazdan 5y ago
You just described commerce as scalping. A grocer is a scalper according to you. So is a meat distributor.
- ihsw 5y ago
  Communists look at any fruit of labor as inherently exploitative.
- tjr225 5y ago
  I happily pay to buy directly from local sources. Also; people don’t need meat, they do need housing. You’re missing the point of what I am saying entirely though. If you treat housing as an investment and the investment goes sideways for whatever reason, why should anyone feel bad for you? It sucks, but that’s how investing works! You don’t think other legislation/govt intervention impacts non-housing financial investments? Thems the breaks. They took the risk, let them own it. That’s literally the entire freaking point!
- JAlexoid 5y ago
  Except that retail is a service you pay for. Modern landlords are mostly government subsidized (tax abetements, low financing rates for "business", etc). There are definitely landlords that provide a valuable service, but there's a reason why profiteering landlords are almost universally disliked. PS: Remember where we get the term "landlord" - the feudal lord that collected tax(aka rent) while providing a very specific service to the peasants on the land plot that was grated to him by the superior nobleman. It's nothing like that today... Even the losses in their income get socialized - how do you think Donald paid only $750 in federal taxes? The whole system is setup to protect "landlords".
- unethical_ban 5y ago

Ar-Curunir 5y ago

The only thing shameful in society is the existence of landlords.