This is absolutely incredible and a huge win for Californians.
It's harm-reduction in a sense. It's still mobilizing a vast sum of tax payer money that could be better spent on trains and busses and housing in fresno and richmond and modesto rather than transferred to landlords.
That said, I'm glad it's happening.
But would it ever under any circumstances be spent on a single train bus, or any housing at all. No, of course not.
Yeah! I'm sure Newsom would be just as hyped and ready to implement that as you and I!
I just think it's wild to be disappointed that centrist libs aren't implementing communist policy. No shit, they're never going to do that.
If the landlords cant pay their mortgages maybe the state should intervene and buy those properties up and make them all public housing.
This is good. I would be happier if the state just told all the landlords to get fucked and denied them any legal recourse at all, but I'll take this.
Well at least this fucking time they're giving the money to the people at the bottom instead of bailing out the debtors and making everyone still owe the fucking debtors who got bailed out
I wonder if Newsome would do this if he wasn't being recalled?
Either way great for people who would have been on the street otherwise.
That is so good to hear. I'd like to hear it nationwide, but even just CA (having such a large population) will have a noticeable effect at reducing the amount of people who get completely fucked by the eviction crisis.
I’m sorry, this is very misguided policy. Why don’t we just give landladies direct cash infusions? This is silly and just adds to their tax burden as small business girl bosses.
Must be newsome fighting off his recall.
This is just the state/Capital stabilizing itself. It's good, but it's not revolutionary.
If they were really communists, they’d use that $5.2 billion to buy renters guns to go after landlords
What about the DSA landlord caucus? Why won't you commies think of them?
I'm surprised. I thought the whole country would crash into a recession from evictions fucking over the market. I wonder how many other states will do the same
How many states can do the same?
Most states don't have California's rainy day funds.
This should really be a national effort. Let's see if Biden picks up the torch.
The state's $5.2 billion in funds from Congressionally-approved aid packages
just $32 million out of $490 million in requests for rental assistance through May 31 have been covered so far
So Californians have only requested 10% of the funds allocated to this, and the state has only dispersed 6% of that money (or 0.6% of the allocation). Means testing sucks, and I'm not just saying that because I want to get reimbursed for my last year of paying rent.
Normally I dont fall for meams testing as a way to make aid unpopular but this one got me. Fuck you, I paid my rent and my landlord gets a taste from the neighbor that didn't.
I should have just not paid the rent and bought an RV with the money
I mean this is great as it will prevent evictions and help the poor people get out of a massive debt to their landlord, but its only real purpose is to garentee landlord's their profit.
Personally, the only action, which would be somewhat just, is to wipe any rent accured during the pandemic and tell landlords to go fuck themselves, becuase of course your dumb investment declined during a global pandemic. (Also, I can't remember, but wasn't there an acutal morgage moratorium in the US as well.)
Anyway, what should actually happen is confiscation of excess real-estate and redistribution among the former tenants. But the libs own too many rental properties to have that conversation.
The mortgage moratorium doesn't lower your total mortgage, it just moves the payments you would have made to the end of your term. So no free money just delayed payment.
Also, at least initially, didn’t it only apply to mortgages that somehow involved the federal government? Like some Fanny Mae shit.
I don’t think it was quite “run a business in a disadvantaged community for three years” bad, but it wasn’t/isn’t universal from what I recall
Quite a few mortgages are involved with the federal government. FHA, VA, Fannie Mae, Freddie Mac, USDA, HUD, all guarantee or sponsor mortgages to some degree. The latter three impact property investors. The policy is pretty broad. Our administration would not have made it so broad, to tell you the truth
its only real purpose is to garentee landlord’s their profit.
California once again confirmed as a giant real estate scam that's run well past its expiration date.
If you think about it this is less about bailing out the tenants and more about bailing out the landlords.
In that the clean slate means they can be charged again. It doesn't exactly make it so tenants suddenly have rent money.
To my knowledge of what's going on with the status of the rent moratorium on California and this bit of the article:
Left unsettled is whether California will continue to ban evictions for unpaid rent beyond June 30, a pandemic-related order that was meant to be temporary but is proving difficult to undo.
Federal eviction protections also are set to expire on June 30. California had passed its own protections that applied to more people than the federal protections.
That's what it looks like, yeah:
Lloyd — a member of the advocacy group Alliance of Californians for Community Empowerment — is supposed to pay $1,924 a month for a two-bedroom, two-bathroom rent-controlled apartment in the Crenshaw district of south Los Angeles. But she says she's $30,000 behind after not working for most of the last year to care for her two children as daycare centers closed and schools halted in-person learning.
That debt will likely be covered by the government.
So that back rent should be covered, but (so far) she would still owe going forward.
Seems it's means tested to shit, so all of the "heroes" in "critical jobs" don't qualify because they've all had work during the pandemic.
If you’re a girlboss landlady, you’ll have to pay taxes :(
What they should have done is let landladies write off the past due rent as a loss then just give them money tax free
