Adam Mitchell, We buy houses to remodel and sell (Home Buying Guys)

Spam prevention
Rainmaker
3,925,129
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

"Predicting" has long been above my paygrade.  

Apr 03, 2021 09:04 AM
Rainer
128,128
Ken Jones
Kenneth J. Jones, Inc. - Rahway, NJ
Commercial Real Estate Broker & Appraiser

Adam Mitchell The eviction moratorium and other absurd tyrannical impositions will end when it becomes politically expedient to those in power.

It's sad that we now live in a world where we've allowed ourselves to become the pawns of those who are supposed to work for OUR benefit.

Apr 03, 2021 08:21 AM
Rainmaker
1,357,093
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

This is good to protect those TRULY impacted by the economic destruction caused by current events, however it is being HEAVILY abused.  There was a post here recently about someone who refused to move out of the house they SOLD and has been living there for six months.  Can't evict because of the moratoriums.

 

The landlord protections that are being offered in California are not very good.  In certain cities you can get 80% of the rent paid, but you must forgive the other 20%  (Los Angeles City).  Many landlords are lucky to break even on a good day, so this isn't helping them.  There are some places and some proposed legislation that puts extreme restrictions on the landlords, that essentially make the assistance not worth taking.

 

Without the fear of a penalty (in this case eviction), there is nothing to stop ready and able tenants from not paying.  Out here in California, they've been increasing the moratorium beyond the federal limits already.  Sadly, this will only make the upcoming foreclosure crisis worse.

Apr 03, 2021 09:51 AM
Ambassador
5,171,955
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

When people start wearing their masks and taking the other precautions seriously.

Apr 03, 2021 11:36 AM
Ambassador
2,992,541
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

In California ... who knows when it will end - the extensions continue. The world continues to change right under of feet. IMHO far too many are not paying attention ... people need to wake the heck up! 

Apr 03, 2021 08:41 AM
Rainmaker
1,693,363
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

I went & asked one of my friends who was a property manager & he said out of 60 clients only 1 was behind. They went & filed for special funds & the tenant was made whole fairly quickly. Lots of paperwork but at least the owner got their $$.

It is going to be ugly I figure but it has to end soon. Scammers are taking advantage of this also which is sad.

Apr 03, 2021 02:04 PM
Rainmaker
6,319,669
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

The ending will probably vary by state.

Apr 03, 2021 11:12 AM
Rainmaker
2,605,644
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

He has the gold cannot rule with state and federal interference. Landlords or Lords of the land have been taken captive and exposed to unnecessary risk plus injustice. If the powers that be wishes to help then subsidize and fairly regulate so that all win. Lose-lose...lose-win or win-lose do not work!

Apr 03, 2021 10:50 AM
Rainmaker
827,588
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

No telling. Changes are made continuously. Some states are different than others. Landlords are looking for legal ways to evict, mainly because they have no choice. It's a financial decision.

Apr 03, 2021 09:23 AM
Rainmaker
5,321,925
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Adam,

Like Michael Jacobs stated, this is way beyond my paygrade...A

Apr 03, 2021 03:06 PM
Rainer
249,834
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

with the current adminstration.... I'd guess in 2025.  

Apr 03, 2021 01:25 PM
Rainer
360,680
David M. Dwares
Title Professionals Corp. - Fort Lauderdale, FL
Title guy with a broker license

I do not think it will be extended beyond June 30th.  We just had a very strong March jobs report with January and February revised upward.  Also a couple of lawsuits are close to ending in it in some states.

If and when that happens, together with stronger jobs market makes the reasons for the moratorium less persuasive.

Apr 03, 2021 10:33 AM
Rainmaker
1,374,208
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

It will end when the elected politicians want it to!

Apr 04, 2021 06:29 AM
Rainmaker
865,731
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

In my slice of Florida paradice, eveictions neve missed a beat.
Those who thought they were the hardest hit got hit harder.
They realized our leaders will fly dogs from Korea so they can find a forever home, but they would be sleeping under cardboard.
The city sets aside habitat for turtles, but those in desperate need of housing are compelled to move an hour away.
It is not surprise that some my resort to any means necessary to bring attention to their plight.
So in Florida the eviction moratorium was circumvented with Tennant Agreements.  
I have read very little of how these owner/investors will be made whole in the end. Banks,  lenders, investors, insurance companies, utiltity companies, taxing authority, all of the 'middle-sphere' never adjusted or were required to adjust their prices to the consumer.
I fear those in DC have learned nothing.
But not to worry, $15 minimum wage should solve everything....especially the disappearance of those jobs.
3rd quarter 2021 should see the end of the moratorium. So, as real estate professionals, how should we prepare for this event/

Apr 04, 2021 06:06 AM
Ambassador
2,510,580
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

When it no longer serves the current political agenda.

Apr 03, 2021 03:25 PM