crackheads paying rent

CRACKHEADS PAYING RENT

Mountain Guerrilla Dude wrote about two acquaintances of his and their experiences as landlords. In essence, they were told to piss off. In the first, all the tenants got together and sent a representative to inform the owner that as soon as they were back to work, he would get paid. In the second, the corporation informed the owner they wouldn't pay until they decided which stores were going to stay open and which would be closed. You might say, “seems reasonable”, but think about it for a second. These people COULD have paid, but chose not to.

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I'm sure in the apartment building, some are your typical OtherColor professional welfare queens popping out babies for an income. They get Section Eight. Some are old humpers, but they get Social Security. Not every single worker could have been laid off, unless this was a Company Town. So I think it is fair to say that half could have paid but didn't want to because it was smarter to hoard their money right now. Plus, the other half weren't paying, so why should they? Remember, “rich” and “poor” are all relative. Those making more but paying rent would judge themselves poorer than the poor getting free rent.

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That is human nature. We don't necessarily care about money past its ability to provide basics. What we care about is our perceived standing in the pecking order ( which translates into breeding opportunity and offspring provision ). Very few people will actually believe paying rent is smart or moral if no one else is paying, unless going against the crowd is a peacock feather. If it becomes a bullseye, they certainly won't want to be paying rent. They will pretend they cannot. That is just good opsec.

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I think that is what you are seeing in that apartment complex. Those going along were protecting themselves against potential mob action ( plus, we are greedy when we can be ). As for the corporation, well, they have thought themselves to be above the law for a very long time, plus those who won't fire themselves are going to get the last of the money together to flee the cities, by hook or by crook. Corporate Suits are evil, greedy, immoral, and would sell their grandmother into sex slavery for an extra line of cocaine, but they aren't necessary stupid about their own survival.

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They are pretty stupid about the effects of their thievery, of course. Look at everyone being bailed out. The Big Boys, the banks and the big companies. Bailed Out. Not, “here is a loan you must pay back at excessive interest rate payments” like all the small fry get. Not a “one time chump change check from your glorious champion Orange Man”. Now, it is of course stupid to get free money for the top oligarchs while letting the proletariat starve. That way lies lamp posts and chopping blocks. But even more stupid, they don't even realize they have just set themselves up for failure.

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What happens when you take away your renters jobs? Yeah, duh, they stop paying rent. The banks went from mortgage holders to landlords, after 2008. At first, this was verifiable printing press. You get twice as much profit, because with far fewer owners and more renters, the prices skyrocket. And even when you must pay for maintenance, you just Cheap Out on that and do a horribly crappy job fixing anything. People had no choice, if they wanted to live near work, they had to pay insane levels of rent. Sooooo, what happens when there are no jobs?

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You, as a landlord, own a bunch of non-performing assets. There are two kinds of landlords. The middle class dude that worked like a dog and bought a second property so that in retirement he had an income stream. The other is the bank that got the dwelling for free ( they own the printing press ) and is using the income stream to buy other assets like paper silver derivatives or fracking oil derivatives. Now that those bets are in trouble, you are losing both bets, the rent and the derivatives. And guess what? Your rent payments are delayed. Worse, you are about to lose the rent in the long term, also.

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Yes, bankers are silly enough to think that printing money solves problems in the real world. But now, your rental went from an income stream to a money pit. You won't pay anything for maintenance, the structure will quickly deteriorate and fall down or burn down, AND you'll likely have lawsuits filed against you for homicide. Have you seen what crackheads can do to an apartment? It ain't pretty. The NOL had one of those, and if we hadn't lived downstairs, AND had access to the young punks mother to alleviate some of the behavior, it would have gone from a month long repair job to a complete financial loss.

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What do you think the newly perpetually unemployed are going to act like? Nobody likes landlords, even if they are a grandma type who survived the Holocaust. There is ALWAYS a level of resentment, as you have more than they do. They could give two craps you worked your ass off for it. People simply don't care. Why do you think gold digging wives at a divorce act so put out and injured? They actually think the husband doesn't deserve his wealth, like they deserve it. Same with renters. That income only works in a functioning economy. Which we ain't in.

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You do understand how this is going to play out, don't you? I mean, besides most of our housing stock being destroyed in a very short period. The scumbags in charge are just going to keep bailing out their handlers, making empty promises ( money to you, too! ) and poor excuses ( we'll get around to taking your unemployment claim! ) as things fall apart and in the end, we don't go back to a functioning system but rather a smoking crater. There will be no more jobs to go back to, no secondary income streams survive. Public welfare fails with government.

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Me? I wouldn't hold out any hope of returning to even a fraction of business as usual. I would assume the worst. I hope to be pleasantly surprised I'm wrong-but I stopped snorting hopium a long time ago.

( .Y. )

( today's related Amazon link click HERE )

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note: well, that might not have worked out.  Storing the potatoes in the cooler in the outside shed.  The bags on the side were bone dry, but the bag in the middle had a few spuds with moisture.  The only thing I can think of is that the recess you use as a handle to lift the lid is an insulation weak spot, allowing condensation to form.  I'm going to test without the middle bag in there.
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