Progressives camp outside Capitol to protest evictions

[mystery-ak]

Progressives camp outside Capitol to protest evictions
By Jordan Williams - 07/31/21 07:45 AM EDT

Several House progressives slept outside the Capitol on Friday night to protest the expiration of the federal eviction moratorium.

Democratic Reps. Cori Bush (Mo.), Ayanna Pressley (Mass.) and Ilhan Omar (Minn.) slept outside the Capitol in protest after the House adjourned for summer recess without garnering enough votes to pass legislation extending the eviction ban ahead of its expiration on Sunday.

“Many of my Democratic colleagues chose to go on vacation early today rather than staying to vote to keep people in their homes. I’ll be sleeping outside the Capitol tonight. We’ve still got work to do,” Bush tweeted.

https://twitter.com/CoriBush/status/1421291640732401666

more
https://thehill.com/homenews/house/565753-house-democrats-camp-outside-capitol-to-protest-evictions

[Wingnut]

Oh the sacrifice they be making.  Can you imagine the pain they are enduring to show solidarity with the so to be homeless. 
In other news I see Grub Hub is doing a booming business tonight at the capital ndelivering food and drink to the congress critters. 

Said on driver after getting stiffed by Cori Bush; "They are shitty tippers"

[IsailedawayfromFR]

Why not just tell them they can join the Army if they want a place to live if they can qualify.

[sneakypete]

Damn shame it isn't Feburary.

[roamer_1]

Damn shame it isn't Feburary.

That's right. You know, my business is near mortally ruined, but I ain't got it half as bad as folks that invested in real estate as landlords who have not collected a dime in over a year - and still had to make payments and pay taxes and do upkeep on those properties... Can you imagine the hole that made?

[bilo]

No one seems to care that most smaller apartment buildings are owned by individuals who sacrificed a lot to own them and need the rental income to keep operating them. Also, a lot of the larger complexes are owned by REITS and underwritten by insurance companies. If they don't keep a high occupancy rate that pays their rent they can't pay out dividends to retirees who need the income.

Everyone buys into the nonsense that because someone was laid off they can't pay their rent. As I explained to one tenant who tried to avoid paying her rent, "Amazon, Wal-Mart, Costco are all hiring. They may not be jobs you want, but they will pay your bills until things get better."

The vast majority of deadbeats who haven't been paying their rent were tenants with a spotty record before. 

[Wingnut]

That's right. You know, my business is near mortally ruined, but I ain't got it half as bad as folks that invested in real estate as landlords who have not collected a dime in over a year - and still had to make payments and pay taxes and do upkeep on those properties... Can you imagine the hole that made?

Ross Perot once said... that giant sucking sound you hear is small business and people relying on rental income going down the drain.

Funny how it was also coming from under Bill Clintons desk.  Today it is from VP Harris's desk.

[bilo]

That's right. You know, my business is near mortally ruined, but I ain't got it half as bad as folks that invested in real estate as landlords who have not collected a dime in over a year - and still had to make payments and pay taxes and do upkeep on those properties... Can you imagine the hole that made?

A lot of the smaller operators are going broke. I've seen multiple stories of minority owners, in poorer parts of the city, who are losing everything they own. A lot of these people are retiree's that needed the income to live on.

The next big thing we are going to start hearing about is how people can't find apartments that will take them. I've been fortunate because the primary factor we look at when deciding to rent to someone or not is their credit score. The individual must have at least "good" credit. I found that people with good credit, or better, have something to lose if you take them to court so problems tend to get resolved.

[LegalAmerican]

Loathe anti-American, Cori Bush.  UGH.  "THE SQUAD'.   ALL ANTI-AMERICAN.

[roamer_1]

A lot of the smaller operators are going broke. I've seen multiple stories of minority owners, in poorer parts of the city, who are losing everything they own. A lot of these people are retiree's that needed the income to live on.

The next big thing we are going to start hearing about is how people can't find apartments that will take them. I've been fortunate because the primary factor we look at when deciding to rent to someone or not is their credit score. The individual must have at least "good" credit. I found that people with good credit, or better, have something to lose if you take them to court so problems tend to get resolved.

It does not surprise me. In the LOOOONG view, they have been trying to get rid of the middle class ever since it arose. Every time a different way has been tried, it always results in a return to a class society with no means of upward mobility.... Feudal lords and serfs, by many other names.


I really do feel for you man. I am a pooter service tech, and I have it bad. Traffic is a 10th of what I had, and I have real money invested in inventory that I can't move, and no new money to speak of coming in the door... I have been side-hustling cash deals (flipping cars, smalls) just to make ends meet.

I am lucky to be broadly invested in repair (I am more a tinker than a tech). so I can go find work. This month I made maybe three hundred bucks over my bench, and all the rest has been buying broken lawn mowers and such, fixing them, and selling them... And one car that I bought cheap hung a fender on, and flipped for around fifteen hundred in profit.

And I saw this coming sorta - Not this exactly, but I thought hard about how unsustainable the system was becoming, paid out of everything and went back to my redneck roots. So I don't require much income. as low as my income is right now, I still replaced my investment money and put an extra grand in my seed pocket.

My position ain't much, but it is all the way paid for, and it is durable in hard times. The whole thing is out of pocket, and outside of taxes on my properties, I really can't get hurt.

But I know what it is like in business today. I know folks are financed hard and have to make big income just to keep the doors open and stay even. And I hate what is happening to them right now.

[Free Vulcan]

I thought any kind of protesting in, near, or around the Capitol was insidious and nefarious bourgeoisie capitalist pig treason, sedition, and insurrection?

[Smokin Joe]

Damn shame it isn't Feburary.

Late July/August in DC is no picnic, either. The heat and humidity can be oppressive (if you are not used to it).

[bilo]

It does not surprise me. In the LOOOONG view, they have been trying to get rid of the middle class ever since it arose. Every time a different way has been tried, it always results in a return to a class society with no means of upward mobility.... Feudal lords and serfs, by many other names.


I really do feel for you man. I am a pooter service tech, and I have it bad. Traffic is a 10th of what I had, and I have real money invested in inventory that I can't move, and no new money to speak of coming in the door... I have been side-hustling cash deals (flipping cars, smalls) just to make ends meet.

I am lucky to be broadly invested in repair (I am more a tinker than a tech). so I can go find work. This month I made maybe three hundred bucks over my bench, and all the rest has been buying broken lawn mowers and such, fixing them, and selling them... And one car that I bought cheap hung a fender on, and flipped for around fifteen hundred in profit.

And I saw this coming sorta - Not this exactly, but I thought hard about how unsustainable the system was becoming, paid out of everything and went back to my redneck roots. So I don't require much income. as low as my income is right now, I still replaced my investment money and put an extra grand in my seed pocket.

My position ain't much, but it is all the way paid for, and it is durable in hard times. The whole thing is out of pocket, and outside of taxes on my properties, I really can't get hurt.

But I know what it is like in business today. I know folks are financed hard and have to make big income just to keep the doors open and stay even. And I hate what is happening to them right now.

You are so right about the middle class being crushed. It's part of the reason Trump is hated so much by the oligarchs and their servants in govt. He actually tried to represent the middle class.

I appreciate the sentiment, but I am more fortunate than most. I was able to sell my properties in Central America before the lockdowns really hit and paid off my mortgages here so I could carry the vacancies (15-20%). The tenants that couldn't pay moved in with friends, or went home. However, a lot of people I know in the business were not as lucky.

[roamer_1]

I appreciate the sentiment, but I am more fortunate than most. I was able to sell my properties in Central America before the lockdowns really hit [...]

That is familiar. As a family, we are invested in Costa Rica. We got about half of it liquidated, but we are still sitting on a pile - A subdivision development that has been stone dead for better than a year, and a 200 acre banana and beef ranch that we were in the middle of converting to coffee... which continues to function alright though we are just maintaining at this point.

Glad you are still above water. That is a grace in this market. 

[bilo]

That is familiar. As a family, we are invested in Costa Rica. We got about half of it liquidated, but we are still sitting on a pile - A subdivision development that has been stone dead for better than a year, and a 200 acre banana and beef ranch that we were in the middle of converting to coffee... which continues to function alright though we are just maintaining at this point.

Glad you are still above water. That is a grace in this market. 

  brother!

Good luck with the Costa Rica stuff. I miss my involvement in Panama, but life goes on.

[sneakypete]

A lot of the smaller operators are going broke. I've seen multiple stories of minority owners, in poorer parts of the city, who are losing everything they own. A lot of these people are retiree's that needed the income to live on.

The next big thing we are going to start hearing about is how people can't find apartments that will take them. I've been fortunate because the primary factor we look at when deciding to rent to someone or not is their credit score. The individual must have at least "good" credit. I found that people with good credit, or better, have something to lose if you take them to court so problems tend to get resolved.

@bilo

I have seen some ads offing to refinance people's homes with interest rates as low as 1.7 percent.

You just KNOW there are some fools out there with homes that are paid off who are going to jump on that mortage rate so they can pay cash for a new SUV and take a vacation.

Some people refer to those low-interest loans as good deals. I call them sucker bait.

My home has been paid off for maybe 20 years now,and is going to remain paid off as long as I live.

[bilo]

@bilo

I have seen some ads offing to refinance people's homes with interest rates as low as 1.7 percent.

You just KNOW there are some fools out there with homes that are paid off who are going to jump on that mortage rate so they can pay cash for a new SUV and take a vacation.

Some people refer to those low-interest loans as good deals. I call them sucker bait.

My home has been paid off for maybe 20 years now,and is going to remain paid off as long as I live.

You are so right!

If I pull out equity from a property I have to know where the money is going and that it will produce a better return than it cost.

I'll never forget talking with my grandmother a long time ago and she told me they lost most of the real estate they owned (mostly apartment buildings) during the depression because they had too much leverage. The highest amount they owed was 50% loan to value.

In todays market I think it's nuts to buy investment property. I think it's a fair bet we are going to see deflation after the initial surge of inflation and then people are going to be in a real tough spot when the inflated value of property begins declining in a big way.

[DB]

That's right. You know, my business is near mortally ruined, but I ain't got it half as bad as folks that invested in real estate as landlords who have not collected a dime in over a year - and still had to make payments and pay taxes and do upkeep on those properties... Can you imagine the hole that made?

If that isn't a taking I don't know what is.

[sneakypete]

In todays market I think it's nuts to buy investment property. I think it's a fair bet we are going to see deflation after the initial surge of inflation and then people are going to be in a real tough spot when the inflated value of property begins declining in a big way.

@bilo

I couldn't agree more. The international bankers have been sitting people up for a fall for the last decade or more. When I say these people take the long-term view on investments,I am not talking about a decade or more,I am talking about centuries. Some of these families have literally been pulling rent from the same properties for centuries. They buy up properties at below bankruptcy after a monetary collaplse,and then the NEVER sell it. They just rent it.

Rent money can REALLY add up over the centuries.

[LMAO]

I’m willing to bet if these virtue signalers had rental property they would be protesting to speed up evictions

[bilo]

@bilo

I couldn't agree more. The international bankers have been sitting people up for a fall for the last decade or more. When I say these people take the long-term view on investments,I am not talking about a decade or more,I am talking about centuries. Some of these families have literally been pulling rent from the same properties for centuries. They buy up properties at below bankruptcy after a monetary collaplse,and then the NEVER sell it. They just rent it.

Rent money can REALLY add up over the centuries.

I can't disagree. We are in for a big downturn at some point in the near future. Now's the time to eliminate debt.

[Wingnut]

Jihad, Gaza, and Woke spice were there.  Squeaky Spice phoned it in from the comfort of her bed.

[dfwgator]

That's right. You know, my business is near mortally ruined, but I ain't got it half as bad as folks that invested in real estate as landlords who have not collected a dime in over a year - and still had to make payments and pay taxes and do upkeep on those properties... Can you imagine the hole that made?

Meanwhile here comes Black Rock to the rescue to take those properties off of the hands of the landlord.    Then one day we'll wake up and find out that all rental properties are controlled by one conglomerate,   and odds are, it will be based out of Beijing.

[rangerrebew]

They should have all been arrested for invading the capitol.  Just because the fences are gone doesn't give them the right to invade the capitol.

[bilo]

Meanwhile here comes Black Rock to the rescue to take those properties off of the hands of the landlord.    Then one day we'll wake up and find out that all rental properties are controlled by one conglomerate,   and odds are, it will be based out of Beijing.

The last time we had a big downturn several larger property management companies, backed by hedge funds, bought homes in the suburbs for rental income. Over the last ten years a lot of farm land has been bought by a small group of individual investors. As these consolidations happen the ability to climb the economic ladder gets tougher and tougher. The leftists are just useful idiots in this process. They want deadbeat tenants to be bailed out and don't care about the thousands of hard working Americans who worked extra jobs to save money to buy a little slice of the American Dream.