Only one who deserves it here is you.
Who are you to condemn millions who have and will continue to suffer under another four years of Trump.
-
Ever wanted an RSS feed of all your favorite gaming news sites? Go check out our new Gaming Headlines feed! Read more about it here.
-
We have made minor adjustments to how the search bar works on ResetEra. You can read about the changes here.
Joe Biden has called for a nationwide rent freeze and a temporary ban on evictions
- Thread starter jack_package_200
- Start date
Who are you to condemn millions who have and will continue to suffer under another four years of Trump.
Well hopefully that is stuff that would be included. This isn't a concrete policy. It's a single Tweet statement from a presidential candidate.
Gosh I wish...
What Biden is proposing still isn't good enough. Lots of people fall through the hole here. Which is weird because he's not gonna actually be able to implement it. He might as well have gone for the real thing if he's just posturing.
I'm not trying to make an argument against voting for Biden. I post on another forum where conservatives are trying to paint Biden as being this big lefty so I thought I'd come here to get Era's take.
He would have been more specific if he meant it that way. Considering this is Biden, I expect there to be some extra layer of means testing on top of "losing your job".
Man, that quick thread ignore feature was timely indeed.
Every thread related to Biden and the GE is just going to decay into the same slurry huh
Every thread related to Biden and the GE is just going to decay into the same slurry huh
They've already done this in many states in Australia. Laws just passed to stop evictions. The federal government is asking tenants to work with landlords (to reduce rents) and banks. Most banks are helping to freeze mortgages on case-by-case basis.
The idea of American banks voluntarily helping anyone is laughable.
He certainly doesn't write his own tweets (or decide his own policy positions)
Robo Biden
God it's going to be a depressing few years of puppet man
At least it's not a Russian puppet?
You got that right. It's clear some posters care more about shitting on democrats than they do actually loosening the grip of the republican party.
and they'll shit up every single political thread while doing it. This thread is now about Biden's accusations and not policies, because of course it is.
Discussion guidelines
Official Staff Communication
This thread is about the rent freeze policy proposal. This is an important subject of discussion that affects millions of lives.
Politicians are not protected on Era, and are subject to criticism, but the allegations against Biden are not the subject of this thread. This can be discussed in any other thread on the topic - of which there are several. We have no interest in shutting down discussion of Reade's account.
Please do not derail this thread further.
Politicians are not protected on Era, and are subject to criticism, but the allegations against Biden are not the subject of this thread. This can be discussed in any other thread on the topic - of which there are several. We have no interest in shutting down discussion of Reade's account.
Please do not derail this thread further.
A rent freeze that's rushed out just like the already available mortgage freeze would be almost useless. So you freeze your 2K a month mortgage for say 10 months...great now you owe a 20k lump payment to your lender. If you couldn't make your mortgage payment for 10 months I'm pretty sure you aren't saving up 20k during that time period. Now I have heard some lenders are moving the payments to the backend of the note instead of a lump being due, but that's optional and neither mandated or the norm. An average rental tenant isn't going to be able to pay back their rent at some magical later date either.
A rent freeze only can work if it equally looks after all the stakeholders (though if someone has to get fucked it should be the banks). It is good in theory, but I don't trust our corrupt and incompetent government to be able to put together a package that is fair and effective to those who need it most.
A rent freeze only can work if it equally looks after all the stakeholders (though if someone has to get fucked it should be the banks). It is good in theory, but I don't trust our corrupt and incompetent government to be able to put together a package that is fair and effective to those who need it most.
I guess if you compare him to Trump and the GOP he looks left in comparison
Do you think the world is better off with landlords?
I do not- but for you to even suggest that "society" has "moved on" past the concept of landlords, I must ask, where do you live and are you aware of how the United States operates in these matters?
I didn't say we've moved past the concept of them. I'm saying we've moved past the need for them.
Landlords took a risk on an investment. Sucks for them but that's what an investment is.
Definitely need to pause mortgages as well. While some landlords are basically just mega corporations, there are plenty of small landlords that will seriously take a hit if they suddenly can't afford the mortgage and have to default on their loan. I say if we want to make a group of people sacrifice a bit, let it be the banks and Wall Street. They're still making plenty of money and they have direct access to assistance from the Federal Reserve.
The PUA under the cares act should still apply to him. He should look into applying for unemployment under that. Most states are being generous on the applicants right now where many are mass approving applications and will visit verify later tog eat money to them ASAP. Of course he needs to be truthful as the states will likely go back and audit many applicants later down the line.
The PUA expanded unemployment to these very same people. I know because I'm one of them. My state specifically said that people who are furloughed qualify for it too.
They need to do as debt freeze at every level, and not just for those who lose their job. No rent payments, no mortgage payments, none of it.
How is that any different than say ....Bernie offering everyone free Medicare?
He doesn't have to do shit, he can rile up the discussion though and get it talked about. Which gets reporters to ask about it and forces trump to talk about it (poorly)
OP
OP
Sadly I think its inconsistent with some banks expecting a balloon payment, others tacking onto end of mortgage, as it should be.
Yeah, the banks need to not make a profit for a few months. Missed payments get added to the end, not balloon. But you know, half measures as always.
Missed payments being added to the end still makes the banks MORE money due to how interest works.
Not a loan, just shift the amortization schedule three or four months.
You want them to freeze mortgages, not add payments to the end. Freezes just shit the entire mortgage down and don't accrue extra interest
Nice this is a good proposal. And to be politically cynical for a minute, it's hopefully a proposal that he won't even have to implement or fight with congress over if he does actually win, assuming most states will be into "turning the economy back on" mode come January 20, 2021.