An eviction crisis is coming, housing lawyers warn

[ADevilYouKhow]

I really hope we don’t see shyt like in the 70s where landlords just started torching buildings

I don’t think it will come to that but private equity could potentially kill off what is left of small landlords...

 

[dora_da_destroyer]

so these small timers are going to have to hurt, i guess

That only hurts the rental/housing market. It’s real estate investors, corporations or LLC’s that buy out these defaulted properties cash...they have the pockets to evict, renovate and rent higher, flip properties or hold them as short term rentals. The ambivalence toward small time landlords is hilariously off base

 

[Consigliere]

In lower income housing situations an increase in eviction rates drives everyone’s quality of living down. Landlord are going to penny pinch and properties are going to deteriorate as work orders don’t get addressed and pest control doesn’t show up. And then that pain will trickle down to the rest of the economy as the vendors who provide services go out of business or can’t pay their creditors.

The government should be stepping with a plan to keep people houses in their current situations and to take the burden off landlords. And it needs to go further than kicking the eviction can down the road.

 

[NZA]

That only hurts the rental/housing market. It’s real estate investors, corporations or LLC’s that buy out these defaulted properties cash...they have the pockets to evict, renovate and rent higher, flip properties or hold them as short term rentals. The ambivalence toward small time landlords is hilariously off base

im not ambivalent about this at all

 

[JLova]

As a landlord, the government can kiss my ass. You gonna tax me up the ass but expect me to run a charity. fukk them.

 

[Wild self]

Yea this might be regional. Some states are dang near impossible to evict people once they're in. DC and MD for example

Guess its a southern thing, mostly.

 

[88m3]

all landlords aren't bad and all landlords aren't corporate behemoths

this is really going to hurt the middle class a lot more than the bad actors and companies who can shoulder some adversity that people are against

 

[Consigliere]

Yea this might be regional. Some states are dang near impossible to evict people once they're in. DC and MD for example

Maryland has a speedy process. DC is ridiculous.

 

[inndaskKy]

50% of all landlords only own one rental property

50% own more than one

 

[God Almighty]

"The free market will handle it."


The free market:

 

[Formerly Black Trash]

"The free market will handle it."


The free market:

Wow

 

[Wild self]

"The free market will handle it."


The free market:

They gonna get shot ON the job for that.

 

[Conan]

They gonna get shot ON the job for that.

Facts.

I want to know what MBA graduate in the bay area thought this was a good idea.

 

[Serious]

"The free market will handle it."


The free market:

@DEAD7

 

[DEAD7]