Landlords

Democrat Maxwell Frost, US Congressman from Orlando, has called landlords “money hungry,” and has proposed two pieces of legislation to screw them over.

The first of these is the End Junk Fees for Renters Act. This proposed law would

  • banning application and screening fees;
  • require that late fees apply as credit to next month’s rent
  • Prohibits credit score screening in the rental application process
  • Requires that landlords disclose in the rental contract:
  • Past and present litigation with tenants
  • Ongoing pest and maintenance issues
  • Rent increase percentages year after year over the last ten years
  • The total amount that will be due each month, prohibiting surprise fees like utilities, bounced check fees, and late fees

This is what the commies had to say:

Credit scores were never intended to gauge whether someone will be a good tenant. They’re designed to predict whether someone will be late paying a loan, not rent, which is a much higher-priority bill than a credit card. Given the current rental housing crisis, this practice makes a bad situation worse.

Renting a home IS a loan. I am lending you a quarter of a million dollars in real property in exchange for your paying rent on time. The rental business is risky enough, but not allowing me to minimize the risk of a tenant stiffing me, doing $20k in damages to my property, or both means that I have to raise rents for everyone in order to make up for that risk.

The good Congressman also has this to say:

 If we want a future where everyone has access to stable, secure housing, then we must end junk fees. We must end discriminatory credit screenings. We must make housing a right, not a luxury. 

Nothing that requires the labor or property of someone else is a right. My tenants just moved out. I grow weary of dealing with them. This last tenant was late four times and had a payment declined once. Under this law, there would be nothing I could do about that, and landlords would have no idea that they were coming.

Residential renting is a moderate to high risk. Two tenants ago, I had to repair nearly $10k in damages that the tenants had done. You mitigate some of that risk through screening your tenants, and penalties for late and dishonored payments. If those tools are taken away, you will see higher deposits and higher rents to offset that. Since you are asking me as a landlord to lend you a quarter million dollars when a mortgage bank won’t do so because it’s too risky, then I need to generate returns that are far higher than I can get in the stock market.

Over the past 5 years, I have earned an average return of 7 percent or so in the market. My rental properties need to beat that by a fair margin, or the risk simply isn’t worth it.

My prediction is that this bill won’t pass. If it does happen to become law, rents will have to rise to compensate for risk.

I would raise rents by at least 10 percent, and would have to at least ask for 2 months rent as security deposit. Or perhaps we would take a page from Disney and charge a 13 months rent up front, but let you finance it at 0% interest, with approved credit.

Socialism, It’s Coming

AOC is upset that rich people control large businesses. It’s better, according to her, that she and the rest of the government get to do it. Bartenders are so much better at running things, you see.

They want the power to pick who gets what. They want to determine through government fiat who is rich and who is poor.

As I Have Been Saying for 5 Years

We are seeing an in progress Communist coup of this nation. It is being funded by our own tax dollars, controlled by the Democratic Party, coordinated through the US intelligence agencies, and following the CIA insurgency manual nearly to the letter. Now we see reports from Peter over at Bayou Renaissance Man that there are financial statements linking the Democrat party directly to the riots and rioters. I am working to confirm that report right now. The closest I can find with a quick search is this:

If confirmed, this is evidence that the Democrats are actively engaged in fomenting violent action in order to advance their political cause. This is a criminal act and should be prosecuted. Of course, any action taken against the Democrats will just bring more cries of how Trump is a Fascist dictator who is trying to take over the government. Not only that, but it is apparent that significant portions of the US government have been coopted into the plot. For those reasons, nothing will be done.

The press can’t be relied upon, as they report that the riots are just “people having fun, watching cars burn,” and are not a riot.

The risk of open warfare increases. It’s only a matter of time before someone decides to cry “Havoc,” and release the dogs of war. Be alert, more peaceful protests are being planned all over the nation on Saturday. It’s best to avoid them.

“But, but, but January 6th.” Is the only thing the left has. Eight months of leftists rioting in 2020, followed by a 4 hour riot by the right, and that’s what they focus on. Part of me says “Let’s just do it. I am sick of this posturing,” while another part of me knows just how bad it will be.

Follow The Money

The riots in LA are being sponsored by Socialist groups, the Democrat Party using USAID money, and the Chinese Communist Party. If true, this is a blatant insurrection. If Trump really wants to get his lame duck on, he should put Federal investigators on to exposing this, so he can make the case to declare California and Oregon as being in a state of insurrection.

Any Americans caught accepting or donating money to the cause should then be arrested and charged with insurrection, and that includes the Governor AND Maxine Waters. Wouldn’t having them barred from office under the 14th Amendment be ironic? It’s self executing, after all. Isn’t that what they were saying for years?

Hypocrisy

Here is the problem that I have with the Catholic church: They want everyone to do as they say, and not what they do. A great example:

Shortly before his death Pope Francis updated Vatican norms imposing up to four years in prison for attempting to illegally invade the Vatican as a migrant. At the same time, he billed himself as the pro-migrant Pope and criticized those in the US who were against illegal immigration.

No different than the limousine liberals in Martha’s Vineyard.

The coming troubles

While discussing the city versus rural conflict that is obviously coming, this is what a lefty had to say on the subject:

They think that whatever office job they have is skilled labor, because it required a degree from a liberal college, but farming is something that is so easy that anyone can do it with only a simple Google search. All they need to do is snatch away your land.

Communists always think this, which is why the Soviet’s agriculture was such a spectacular failure that the US had to sell them wheat every year.

Firgures Don’t Lie, but …

You know the rest. A great illustration of what that saying means is this article where the writer tells us the “living wage” for a family of four in Florida. Let’s read their definition of a “living wage.”

“Living wage” is defined as the income required to cover 50% necessities, 30% discretionary spending and 20% for savings. 

They then take the $23,637 cost of housing, $10,069 for food, and $7,350 for healthcare, which adds up to $40,056 for necessities. These necessities should be half of your income, so this extrapolates to a living wage of $80,112 per year, which they then somehow round up to more than $112,000.

Note that a “living wage” is what is being used to demand a minimum wage based upon 50% of the expenses of an average family of four. They begin with the expected cost of housing for a Florida family of four: $23,637. Let’s call that $2k a month. According to rent.com, that is the average cost of a two bedroom apartment. Not the minimum, the average, and that is the average across the entire state. If you move to a more affordable area, the rent will be less.

So the left takes the average cost of rent across the entire state, adds in a 40% fudge factor, then states that this is the minimum required to live. Liars figure.

Expect liars to push for yet another increase in Florida’s $15 an hour minimum wage.