Who wants to be a landlord now?

[scaredyclassic]

What is syrian real estate going for nowadays?

[scruffydog]

“Korvall Li in Seattle said he hasn’t seen a rent check since January from a townhouse tenant who makes a six-figure salary. That is a deficit of about $30,000. Mr. Li said he has continued his mortgage payments and is suing the state and city over eviction protections that exceed the federal moratorium”.

“I already decided that I’m not going to be a landlord in the future,” Mr. Li said. “It’s really turned me off the whole real-estate thing.”

https://www.wsj.com/articles/u-s-poised-for-wave-of-evictions-in-january-as-federal-ban-expires-11607855401

I believe the punitive actions against landlords will result in fewer rental housing units being built. I agree with him; who wants to be a landlord now?

[Coronita]

Just got my rent check from my final tenant last week. For 2020, none of my tenants skipped a rent check, or had to make install payments, or asked for a covid related rent deferral. One of my tenants was late by 1 week a few times, but that was more an “oops, I forgot” moment. I didn’t charge a late fee but next year when the lease is up, I’m going to require a scheduled electronic payment from something like Zelle as part of the renewal condition since I have collecting late charges.

2020 looks like it’s going to close as the best financial year for me personally. Despite the seriousness of Covid, I’ve been fortunate and dodged the financial impacts from it and added some….and I will survive at my employer to 12/31 and will have a retention bonus owed to me. Heh heh….

My goal has only been to keep the family busy and safe and to survive from catching this nasty virus….just got to be patient and hunker down and hang on for maybebW1 more year.

I’m getting really good at automotive painting and body restoration, lol But on a serious note, small retail is going to get so wacked with the second lockdown that most won’t survive. by end of next yeaez theres probably going to be a lot of great opportunities since things mleont stay closed forever. The question is , what business to buy….

[sdrealtor]

Kind of embaressing to admit but other than your auto body expertise Ive had the same experience. Strong year for income, strong year for equities and strong year for real estate holdings making this my best financial year also. Feels strange when I know so many are suffering

[svelte]

Feels like a continuation of the bifurcation of America into the haves and have nots. Not through anyone’s intention, but the pandemic has sure made that divide much sharper.

Those who must interact directly with the public for a living, which is typically the lower paying positions anyway, have really taken a hard hit.

This article shocked me. First time I have heard talk of a 2022 ending to all of this:

https://www.dailymail.co.uk/news/article-9050229/Bill-Gates-says-entering-worse-phase-COVID-pandemic-predicts-lockdowns-2022.html

[spdrun]

For what it’s worth, I actually missed increased human interaction. I took an in-person “essential” contract job by choice over the summer, while taking as many precautions as I could.

[spdrun]

I disagree with Gates’ assessment. According to many estimates, US may have anywhere from 60 to 100 million already exposed and 1-3 million new exposures per day. Assuming the vaccine also prevents people from carrying the virus in high doses as well as lowering the effects…

Say 60 million exposed and 1 million exposures per day, at the low end of estimates. That gets us to 150 million exposures per day by March at the current rate, or 40% of all Americans. Assuming they’re more or less evenly distributed and we vaccinate 100 million people by then, 40% of the remaining 230 million will likely have functional immunity, at least for the short-term, or 92 million.

192 million is coming up on 60%, which is only a few tens of millions away from the theoretical herd immunity threshold where spread isn’t exponential. Lock down areas with high infection rates for a few weeks in April, vaccinate some more, and this should burn out very quickly.

Maybe even earlier, if increased basic hygiene measures like masks, disinfection, and hand-washing lowered the herd-immunity threshold from its baseline early last year, when no one was doing much of anything.

[svelte]

[quote=spdrun]For what it’s worth, I actually missed increased human interaction. I took an in-person “essential” contract job by choice over the summer, while taking as many precautions as I could.[/quote]

I agree with you. I’m not an overly social person but I love occasional interaction and if nothing else people watching. Can’t do any of that from home.

On the flip side, it has always been that if I spend three days at home without going out a sort of minor paranoia sets in, but I’ve been able to go a week or more without even leaving the house and do just fine now. Perhaps it is because I know everybody is in the same boat? Not sure. But that bunker mentality has not hit me yet.

I can tell you this much. I’m very glad we bought a big house with a nice back yard. That has helped tremendously…gives us each our own space and a change of scenery, even if it is just moving from room to room. We haven’t irritated each other yet. I think the dog helps take the edge off too. She’s always doing something!

[spdrun]

I never took “stay at home” literally … the evidence of outdoor spread, especially with masks, not being a serious concern was pretty convincing even in Spring.

I can’t say that I felt unsafe walking outside, going hiking, going to parks, going to the beach, and so forth. I did isolate (no indoor contact with other households) for two weeks before visiting older family members. Are people taking this literally in California to the point that they don’t leave home for a week or more?

Also, I feel like the messaging and memes were almost calculated to generate opposition and rage. “Shelter in place!” “Stay the fuck at home!” I understand the science, and the messaging still pissed me off on a visceral level.

Had it been explained early on to people that small groups, masked, outdoors are relatively safe, maybe COVID wouldn’t have become such a politically polarized issue.

[svelte]

Oh I’ve went for walks in the park, bought groceries, and when allowed out to dinner on Fri nights. Not what I would call social interaction though.

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