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State Senate bill would allow Calif. renters 10 years to pay back unpaid rent
invite response
2020 Jun 18, 7:29am 635 views 5 comments
Comments 1 - 5 of 5 Search these comments
1
SunnyvaleCA
2020 Jun 18, 1:40pm
FuckCCP89 says
They could also be eligible for loan forgiveness. The state would assume the financial burden, and in exchange, landlords would receive 10 years of tax credits equal to the amount of rent unpaid by the tenant.So renters and tenants can collude and rip off the tax payers. Sounds like a dandy plan.
2
Shaman
2020 Jun 18, 1:45pm
Shaman
2020 Jun 18, 1:45pm
None of that will help landlords who need to pay their Mortgage loans now.
And What’s to stop renters from declining to pay the landlord back and just moving away in a few years?
Typical Democrat plan. Not thought through, even to a basic elementary level.
And What’s to stop renters from declining to pay the landlord back and just moving away in a few years?
Typical Democrat plan. Not thought through, even to a basic elementary level.
4
SunnyvaleCA
2020 Jun 18, 2:27pm
Shaman says
And What’s to stop renters from declining to pay the landlord back and just moving away in a few years?That's where the government takes over and puts the taxpayers on the hook. Sort of like student loans all over again. That's why I mentioned the opportunity for landlords and renters to collude for profit.
5
Patrick
2020 Jun 19, 10:10pm
Patrick
2020 Jun 19, 10:10pm
SunnyvaleCA says
That is definitely going to happen. Too much money for them to pass up.
the opportunity for landlords and renters to collude for profit.
That is definitely going to happen. Too much money for them to pass up.
In effect, it would force a landlord to to make a deal with tenants, or a "rent stabilization agreement," before evicting them due to unpaid rent during the pandemic. It would then give renters until 2034 to make up the unpaid payments, in increments if needed. They could also be eligible for loan forgiveness. The state would assume the financial burden, and in exchange, landlords would receive 10 years of tax credits equal to the amount of rent unpaid by the tenant.
Should the tenant decide to pass on the deal, the landlord will need to get a signature-verified document to prove that he or she made an attempt to come to an agreement. The bill goes to a vote Thursday.
https://www.sfgate.com/news/editorspicks/article/California-coronavirus-hospitalizations-increase-15346535.php