Zerohedge dot com

" At least 100 people gathered at a rent demonstration in Detroit on Saturday afternoon following a mother who was evicted with police assistance not too long ago. People walked the streets in the metro area, shouting, "no slumlords, no cops, all evictions got to stop!" This comes as millions of Americans are behind in rent and face eviction if the nationwide moratorium expires at the end of March . . .

Commenters: Basically a large group of thugs trying to use intimidation to get free stuff. If I was a landlord I would probably be burying a few people if they were not paying and making me risk losing my property. I'm over it. This is where we are at: when the government turns into a thug, removing property rights, you're either a slave or willing to use the same force the government will use against you to protect yourself and your property.

Without property rights you are a slave. Take my stuff and I'll bury you. Simple.

Next: Apparently contracts have no bearing anymore. If you signed a rental agreement then you're obligated to pay for your living space. If that's no longer true then the rule of law is dead.

Next: Unbelievable. I'm a small landlord, been working hard on it for over a decade. This is SUCH HORSE****. This whole eviction moratorium. It's KILLING small landlords. These people protesting, are a bunch of ignorant sheep. **** them, every last one.

Next: You gotta protest for your right to welfare, free housing and netflix and chill. Looks like difficult work . . .

Next: After mass evictions, there is another wave of problems to come. The government has now shown what it can do to a landlord's rights and equity in property. The residential rent problem was not socialized and paid by taxes. Instead, landlords were forced to solve a government problem by essentially making loans to their tenants month after month. After a month or two, most of these tenants would meet the legal definition of bankrupt; liabilities exceed assets. The landlord was forced by government's hand to continue to make unsecured loans every month to a bankrupt party under the theory that they can someday hire a lawyer, sue, get a judgment, and recover on those funded loans. Those account receivables will not be worth one cent on the dollar. This was really an unconstitutional taking from the landlord and a wealth transfer to the tenant, all justified by masquerading it as merely a rent postponement.

The theft of property is nothing new to Los Angeles. This is why in 1998, the City owned $750,000,000 worth of stolen property. In my case the "City" would send out notices to the previous owners of Apartment Building with minor violations. The notices would sometimes get sent back to the City saying, "unable to deliver, returned to sender". Then "Housing" would put a "code" on the file (computer) meaning, Document never received, able to proceed without impunity".

Then the City would issues fines, violations that needed to be resolved within 10 days. If the property still had issues after the 10 days, the property was then placed into REAP (Rent Escrow Account Program). The City ordered the tenant to pay rent to the city, so the landlord had no income and couldn't afford to fix anything.

Finally the landlord would be ordered to take Management Training and it would take 1 to 3 months for a re-inspection if the owner claimed they competed the repairs or upgrades. All of the time not getting a penny in rent.

They always eat their own.

How many "progressive" Detroit land lords are enjoying housing their tenants for free and seeing their property values tanking as a result of rent protests and endless moratoriums?

Eventually, this will backfire. Lower investment returns will cause land lords to reduce or eliminate their housing stock, and what they keep will receive less maintenance and fewer renovations. The cities will continue to decay and/or be taken over by the Govt, which has demonstrated many times that they are inept at running housing units. See "The Projects".

There is no free lunch.

I looked up "Detroit rent protest". The first hit was for an article from a local Detroit paper. It was probably 10 min before I realized it was dated to June 9, 2020.

Then I looked again at my search results. The second hit was for August 17, 2020. The third was an article from May 13, 2020.

Fourth and fifth were a blog and the Zerohedge articles, respectively, talking about more recent events. Next few hits were Aug 17, 2020 again; Jan 16, 2021; and Jan 31, 2021.

I am inclined to believe that evictions will be a thing of the past. I think this is there plan and that they are taking baby steps.

I hope I am wrong but it sure looks this way. Everyone is following along with all of this like lambs to slaughter.

Time to get a law license and open a practice doing only bankruptcies. Business will be booming.

Your clients will be both the renter and the landlord.

The govt backed loan will get the house.

A lot of tenant voters,.. not nearly so many landlord voters.

Then the thing about landlords that they never seem to organize (much). '

Yeah there are some LL local organizations, but what % of LLs in a state belong? Seems like no national group (I That I know of anyway) that has much clout.

Getting a group of landlords to organize is like herding cats...

Vee for the win!

Starting thinking of selling myself - so thankful that no one owes back rent, but I don't like the way things are going in PA and locally.

On the other hand, my tenants have all been either white-collar workers who could work from home in today's technology climate, or essential workers like military/military contractors and medical personnel.