SACRAMENTO, Calif. — Landlords said they feel stuck and abandoned because of California’s temporary eviction moratorium, which was put into place to help people who may be struggling to pay rent due the novel coronavirus outbreak and the resulting public health restrictions.
“We cannot exercise our rights in court,” said Diana Polyakov.
Diana and Michael Polyakov said they are at the mercy of the state’s eviction moratorium. They recently purchased their dream home in Granite Bay and temporarily rented it out. But they said now, the renters aren’t paying and aren’t leaving.
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And here we have the politicians wanting to keep it in place:
California’s legislative leaders are asking the state’s Judicial Council for more time before renter evictions resume during the COVID-19 pandemic, saying they are facing “an impossible decision” between rushing legislation and leaving millions of tenants unprotected.
Most evictions in the state were suspended in April after California courts stopped processing nearly all cases. Gov. Gavin Newsom gave the court system the power to stop evictions in an emergency order in late March, intended to allow “maximum flexibility” in responding to the pandemic. At the time, the Legislature was on an extended break to reduce the spread of coronavirus in the state Capitol.
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At no point was it ever considered to stop all payment for use of property. Not the bank who holds the mortgage for their rental house, for an apartment block, a suburban development, or for the building for a small business or giant corporation. Since so little property is owned outright, wouldn't the most painless answer both for residence and commercial simply be a payment holiday for say, 6 months? Put it on the giant banks. They have gotten handout after bailout; it's time for some economic patriotism. Remind them that it is better than millions of people mailing back their keys in 6 months time and offer the bank a complete tax write off for the year. Businesses could weather the lockdowns with minimal overhead, workers or ex-workers could breath a little easier, and the economy could have a chance of sorting itself out. It would be bi-partisan from AOC to MAGA-land if it was handled completely evenly. Let Trump call it the "Real Deal".
ReplyDeleteThe real question is who goes bankrupt first? The renter, the property owner, or the banks?
DeleteThe laws of economics are relentless. The end result is less rental property for everyone. It's inevitable. What you penalize, you get less of. Everybody loses.
Thank a Democrat for this.
Thank China for this.
DeleteFor California, or any state, to put in place an eviction moratorium so that people aren't displaced because of events outside of their control, is a kindness.
ReplyDeleteBut the state needs to pay the unit owner appropriate costs for maintaining the property. Otherwise, it's taxation without representation.
And we know where that leads.
No, it is a commie "Taking". To communists private property does not exist. Everything belongs to the state. So, these idiot property owners need to just walk away from their "dream house" and let the bank and state gov work something out.
DeleteAnd when it dawns on these property owners they need to leave CA, DO NOT COME TO TEXAS
I wonder if the owners still have to pay the property taxes that accrue during the loss of income. Interest lost for the property owners is also a consideration. But the leadership doesn't care, because the renters who get free shit will vote for them forever. I think it is called trickle down bribery.
ReplyDeletepigpen51
Granite Bay is a very upscale neighborhood. Beware of MSN fodder.
ReplyDeleteThat's what I was telling Lisa last night - Granite Bay is where company CEOs live.
DeleteThis is happening in NH too, and yes we still have to pay property taxes, some of the highest in the country and we are talking a middle class /lower middle class state. Trump is trying to extend the moratorium on evictions and I know several people who are probably going to lose their home. It is certainly a “taking” and is not legal yet it like so many areas of our society simply go on unchallenged. Kulak property owners cannot walk away from heir home and become homeless nor can they continue to be financially raped. There does not appear to be a rule of law any longer, it’s very strange to see the whole scam slowly dissolve in front of your lying eyes. The uniparty is still winning.
ReplyDelete