Cheesecake Factory tells landlords it won’t be able to pay rents on April 1
The chain restaurant says closed dining rooms and "extraordinary events" are the reason for not paying rents
la.eater.com
Imagine if we get a rent freeze from this
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Cheesecake Factory tells landlords it won't pay rent after april 1st
- Thread starter Deleted member 12790
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la.eater.com
Imagine if we get a rent freeze from this
Imagine if the rent freeze ends up getting precipitated by the Cheesecake Factory of all fucking things.Cheesecake Factory tells landlords it won’t be able to pay rents on April 1
The chain restaurant says closed dining rooms and "extraordinary events" are the reason for not paying rents
Imagine if we get a rent freeze from this
I'm all for it man. Landlords are fucking parasites. Fuck em.
OP
OP
It's very depressing though that the concept of rent freeze might only gain traction because a corporation wills it to be.
It would not be shocking to me if only businesses got their rent frozen while regular people didn't. It's the American way.
OP
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that's why there should also be a mortgage freeze. That's why a freeze should be coordinated top to bottom, because, yeah it's complex and intertwined, but it's also pretty much necessary right now. Either it happens with coordination, it happens naturally as people run out of money and can't pay.
That works on things owned by the government. Less so on things privately held.
This sounds like a problem that will be easily solved by evicting all your tenants.
I'm all for freeze, but at some point it ends up with people not being able to afford groceries.
Rent Freeze needs to happen everywhere. Landlords do not have to pay any taxes or other costs for that time.
Republicans: "We love our small businesses"
Small businesses: "We can't pay rent"
Republicans: ¯\_(ツ)_/¯
Small businesses: "We can't pay rent"
Republicans: ¯\_(ツ)_/¯
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have you not noticed that the government has shut down lots of privately owned businesses in the last few weeks? There's sort of this extreme circumstance going on that requires abnormal action.
Aren't we about to pass legislation that will get those people "unemployment" + 600 dollars from the fed?
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a number of banks are allowing for deferred payments on mortgages from what I (anecdotally) was hearing today.
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Eviction is a long and complex process and how many judges do you think will be willing to listen to mass eviction cases in the middle of a pandemic?
If it'll happen, of course this would be the likely catalyst. Peoples' grievances will always fall on deaf ears, but a private business? Those get any accommodation they ask for.
Unless they can get lenders to offer deferment and put a freeze on local tax collection, I don't see that happening. All of these counties have only put off evictions, not rent collection.
checks won't start rolling out until May from what I read. People need to eat now.
hey look. I'm not defending landlords. There are your mega corporation landlords that are flush with money and can afford not to charge rent for a long while and then there's people who probably are leveraged on property taxes and mortgages trying to play the monopoly game.
Saw a similar article about Subway and Mattress Firm notifying their landlords they won't pay starting in April as well.
Wonder if this will kick off a new mortgage crisis?
Too bad individuals can't just stop paying rent and mortgages right now like these corporations are going to do :/
Wonder if this will kick off a new mortgage crisis?
Too bad individuals can't just stop paying rent and mortgages right now like these corporations are going to do :/
Which is why we need some form of UBI during the time of the pandemic and not just a single $1200 check. That wont happen though since Repubs know once that happens it isnt going away
The 1200 checks won't be rolling out until May. They could still file for unemployment in the meantime.
If we had rent and mortgages frozen that wait until May looks a lot more bearable to a lot of people.
I look forward to the "rent freeze" that will occur and then result in a full reimbursement + interest to the landlords when the freeze expires.
"Congrats you saved 3 months of rent! Now you owe us 3 months + interest all at once!"
"Congrats you saved 3 months of rent! Now you owe us 3 months + interest all at once!"
They are mostly in malls, which is why I'm not sure how this will work. Malls are barely scraping by with lots of empty store space.
I'm 100% all for some sort of "pause" on life and and payments and getting people fed and sheltered. Whatever it takes.
That's what I'm dealing with. I have to pay almost $10,000 for our monthly lease, right now for March which we've been closed most of now, and its looking like good chance we will be closed all of April, so that's $20,000 in rent I have to pay while my business is forced closed cause of all of this. I have to keep paying this as per my lease if we are forced to shut down in May also? Longer? I have a lease till Feb, I have to basically be bleeding money and if I just closed shop I pay a huge penalty to break my lease.