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3Hotdogs

(13,485 posts)
2. I ain't got no dog in this fight. We own ou single family house. Mortgage is paid and I am retired.
Sun Aug 2, 2020, 08:10 AM
Aug 2020

Not rich, but there's usually a few hundred left over at the end of most months.

So....

We are well aware of the plight of the tenant... My California cousin will probably be on the street by September. I send her $100 a month, whatever good that does her. My California sister in law is already living on the edge of some beach. She lost her rental unit after the P.G. and E. fire. The one that was in all the papers. My wife sends her $ from time to time. I don't like her so I don't send her anything.

Now what about the landlord? Is the town gonna let him skate for the property tax? For how long? Will the mortgage company say, "Just pay us when your tenant gets back on their feet?"

Then what about the town that isn't getting its full revenue? Do employees get furloughed because the treasury is empty? Or what municipal services get cut? In some states, town tax pays for schools....

Mortgage holders? 2007 was when funds and banks held worthless "tranches" of mortgages that couldn't be paid.

I don't know the answer and I don't have an opinion about how the court case should decide.

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