More anti-landlord action coming?

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Karl B.
Rental Property Investor · Erie, PA · Member since 2015 · 1k+ posts · 2k+ votes
3y

They're the bleeping problem! Of course rents are going to rise after they print TRILLIONS of dollars! The government can't balance a budget and even worse gave people socialistic helicopter money to sit at home! 

It's the fault of these CLOWNS and they want US LANDLORDS to take the hit for their stupidity. Why would anyone trust THEIR solution when THEY created the problem in the first place?

25Reply
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  • Karl B.
    Rental Property Investor · Erie, PA · Member since 2015 · 1k+ posts · 2k+ votes
    3y

    They're the bleeping problem! Of course rents are going to rise after they print TRILLIONS of dollars! The government can't balance a budget and even worse gave people socialistic helicopter money to sit at home! 

    It's the fault of these CLOWNS and they want US LANDLORDS to take the hit for their stupidity. Why would anyone trust THEIR solution when THEY created the problem in the first place?

    25Reply
  • Bruce WoodruffPro Member
    OP
    Contractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
    3y

    They are too stupid to realize the effects of their actions. They're all Ivy League lawyers (=stupid)...

    5Reply
  • Karl B.
    Rental Property Investor · Erie, PA · Member since 2015 · 1k+ posts · 2k+ votes
    3y

    None of them ever ran a business or created a job. Government has ballooned to a foolish size, like the blob, and will further erode the progress of this country. 

    The globalists keep thinking of ways to transfer wealth and squeeze the little guy, including us. 

    All we can do is prepare for the monsoon of misery that's sure to come, be patient, and be ready to buy deals. 

    10Reply
  • Chris John
    Member since 2020 · 671 posts · 937 votes
    3y

    Well, @Bruce Woodruff, just because the previous countless attempts to outsmart free markets haven't worked yet, doesn't mean the next one won't.  We just need to let them try another law or two (surely they're getting close to figuring things out).

    And, if those new laws don't work again, we can just throw up our hands, complain that "free markets" don't work, and that we need more laws and socialism to fix our broken, capitalistic economy.

    5Reply
  • Richard F.
    Honolulu, HI · Member since 2008 · 3k+ posts · 2k+ votes
    3y
    Aloha,

    Gee, they are doing such a great job with all of the government run housing projects already, I'm sure they can legislate their perfect system so we all will be able offer the same attractive, well maintained, safe, comfortable, and family friendly environment they have been providing to the needy for decades.
    2Reply
  • Bruce WoodruffPro Member
    OP
    Contractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
    3y

    And of course they won't even discuss the new debt ceiling. Just spend more, print more money to cover it, ooops, we got us some inflation, imagine that.....

    3Reply
  • Karl B.
    Rental Property Investor · Erie, PA · Member since 2015 · 1k+ posts · 2k+ votes
    3y
    Quote from @Bruce Woodruff:

    And of course they won't even discuss the new debt ceiling. Just spend more, print more money to cover it, ooops, we got us some inflation, imagine that.....


    By 2029 our largest national program (cost-wise) will be our national debt. What an absolute waste of money, all because the can was kicked down the road for such a long time....

    3Reply
  • Bud Gaffney
    Rental Property Investor · Boston, MA · Member since 2019 · 2k+ posts · 1k+ votes
    3y

    @Bruce Woodruff no politics folks.

    0Reply
  • Bud Gaffney
    Rental Property Investor · Boston, MA · Member since 2019 · 2k+ posts · 1k+ votes
    3y

    @Bruce Woodruff anti landlord crap is always coming. It doesn’t matter if it’s R or D in office. Period.

    1Reply
  • Bruce WoodruffPro Member
    OP
    Contractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
    3y
    Quote from @Bud Gaffney:

    @Bruce Woodruff anti landlord crap is always coming. It doesn’t matter if it’s R or D in office. Period.


     Nope. It is always stronger with the D's. Pay attention....

    17Reply
  • Theresa HarrisPro Member
    Member since 2019 · 15k+ posts · 11k+ votes
    3y

    Governments have been failing to balance budgets for a while and since covid it has been worse.  It isn't the Biden administration, but governments in general.  There is variation depending who is in charge.  The prolonged eviction ban didn't help, but lower interest rates also made it easier for people to buy homes....including renters.  Wait a year and see where rents are or rather how much rents increase.

    We have the same thing happening in Canada in terms of rent increases though some provinces have caps.  Those that don't, renters are complaining about rent increases and in some cases, I get it.  There have been reports of rents increasing by almost 40% in some instances.

    2Reply
  • Matthew Lodata
    Member since 2021 · 4 posts · 7 votes
    3y

    @Bud Gaffney. Its simply fact and it only comes from the D's. How do you fail to see that?

    5Reply
  • Account Closed
    Member since 2023 · 1 post · 0 votes
    3y

    Gee, they're doing such a good job with all the government-run housing projects already, I'm sure they can legislate their ideal system so we can all provide the same appealing, meticulously maintained, secure, cosy, and family-friendly environment they have been giving to the underprivileged for decades.

    https://chromeheartshat.store/

    3Reply
  • Corby GoadeBusiness Member
    Investor · Boise, ID · Member since 2014 · 3k+ posts · 3k+ votes
    3y

    Even more reasons to invest in red states. 

    *this is not a political post, it's a financial/liability comment. 

    12Reply
  • Bud Gaffney
    Rental Property Investor · Boston, MA · Member since 2019 · 2k+ posts · 1k+ votes
    3y

    @Bruce Woodruff paying close attention. No it’s not.

    1Reply
  • Bud Gaffney
    Rental Property Investor · Boston, MA · Member since 2019 · 2k+ posts · 1k+ votes
    3y

    @Matthew Lodata I disagree.

    1Reply
  • Chris John
    Member since 2020 · 671 posts · 937 votes
    3y

    @Bud Gaffney

    Please give examples of the anti landlord crap that has come from Rs were in office.  I'm not saying that it didn't happen, just that I can't think of any instances.  I'm very curious to see the examples that you provide.

    Thanks

    5Reply
  • Bud Gaffney
    Rental Property Investor · Boston, MA · Member since 2019 · 2k+ posts · 1k+ votes
    3y

    @Chris John I’m way too busy getting wealthy off of RE to discuss politics. Take good care.

    0Reply
  • Palmer Thomas
    Member since 2015 · 54 posts · 88 votes
    3y
    Quote from @Bud Gaffney:

    @Chris John I’m way too busy getting wealthy off of RE to discuss politics. Take good care.


    Then why did you just post about politics saying:

    "anti landlord crap is always coming. It doesn’t matter if it’s R or D in office. Period."

    It seems to me that you posted an obviously false statement then when someone called you out on it you suddenly became too busy to talk.  It seems a bit disingenuous to me.
    15Reply
  • Chris John
    Member since 2020 · 671 posts · 937 votes
    3y

    @Bud Gaffney

    Please just mention some of your examples.  In your own words:

    "anti landlord crap is always coming. It doesn’t matter if it’s R or D in office. Period."

    When told that it's stronger with Ds.  Pay attention... you respond "paying close attention. No it’s not." 

    When told it's simply fact and it only comes from Ds you respond "I disagree."

    You claim to be aware of examples, are clearly willing to come back and respond numerous times to this thread, but for some odd reason don't seem able to actually articulate any of them.  Weird.  I'm left to suspect that you're just spouting your political beliefs despite not having any facts to support those beliefs.  

    It's ok that Ds are more anti landlord (or more pro tenant - or however you want to frame it), but to pretend like it's not true the way that you are is really bizarre. 

    Anyway, best wishes.  I'll give you last word, so feel free to respond as you see fit as there's obviously no reason to continue this conversation.

    7Reply
  • Mike Dymski
    Investor · Greenville, SC · Member since 2016 · 5k+ posts · 13k+ votes
    3y

    Government "solutions" are society's next "problems".

    8Reply
  • Albert Hasson
    Investor · Paradise Valley, AZ · Member since 2012 · 366 posts · 214 votes
    3y

    Nothing in these proposals cited in the Bloomberg article would make a bit of difference to the vast majority of mom and pop RE investors. Standardized rental applications? Big deal!  Sealing previous evictions?  Wouldn’t make a difference to me, if their credit and income meets my high standards is unlikely they would have had a previous eviction. I’m all for making the rental process as fair as possible.  None of these proposals would affect me or most others one bit.

    And for the statement that only D’s are harmful to real estate investors well that’s just plain ignorant.  In fact it was the Securities and Exchange Commissioners appointed by the second George Bush who adopted the rule allowing the 5 major investment banks in this country to leverage their capital in an excessive and unsafe manner leading to the great housing collapse/recession of 2007-2010.  As we all know this wiped out millions of RE investors.

    Many of you clearly have an agenda, politics should not have a place on Bigger Pockets.

    3Reply
  • Curtis Mears
    Property Manager · Raleigh, NC · Member since 2014 · 729 posts · 596 votes
    3y

    @Bruce Woodruff

    Government rules always have the opposite effect of what is intended. Passing a law like this means landlords need to be more strict in leasing requirements, thus less low end rentals.

    5Reply
  • Bruce WoodruffPro Member
    OP
    Contractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
    3y
    Quote from @Albert Hasson:

    And for the statement that only D’s are harmful to real estate investors well that’s just plain ignorant.  In fact it was the Securities and Exchange Commissioners appointed by the second George Bush who adopted the rule allowing the 5 major investment banks in this country to leverage their capital in an excessive and unsafe manner leading to the great housing collapse/recession of 2007-2010.  As we all know this wiped out millions of RE investors.

    You're right this is a RE forum and politics shouldn't get too much involved, but it is so entwined in what we all do. 

    But as we all know, it was really Bill Clinton's admin that forced lenders to give anyone breathing a home loan (remember the 'National Homeownership Strategy' ?)...he signed over 100 Executive Orders forcing banks to loan to those with no provable credit or income. This was actually the root cause of the housing crash that you reference. Nice try though.... :-)


    7Reply
  • Peter MckernanBusiness Member
    Residential Real Estate Agent · Irvine, CA · Member since 2013 · 2k+ posts · 1k+ votes
    3y

    The government is always going to protect the tenants now and going forward, just need to be on our toes when it comes to protecting ourselves and our business (REI). That being said the fact that they are always going on the offense to hit the landlord is more the reason to be on here (BP) and vote. If I did not jump on the Forums daily I would lose out on seeing stuff like this to help me stay on the offense for the new properties I am buying and the defense for the stuff we already bought.

    The McKernan Group4.958 Reviews
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    2Reply
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