from Hacker News

I'm a landlord with 24 properties. We're suffering during Biden's eviction ban

by minikites on 8/17/21, 6:27 PM with 15 comments

  • by BitwiseFool on 8/17/21, 6:42 PM

    Protip for landlord in the article looking for sympathy: do not pose for a photograph with you dressed in a suit standing in front of a private jet with your company's name on it.

  • by jonathan-adly on 8/17/21, 6:42 PM

    Reads like an Onion article. "CEO of specialty tax engineering firm suffering" - what a joke.

    Anyway, that's how investments work. You put your capital at risk to generate returns. These guys seem not to understand the risk part.

  • by damm on 8/17/21, 6:40 PM

    I don't have 1 property and you are bitching that you have 24 and only _4_ tenants not paying your rent?

    GTFO

  • by amacalac on 8/17/21, 6:34 PM

    Galaxy Brain solution here: You could always sell your 24 properties ...

  • by WheelsAtLarge on 8/17/21, 11:10 PM

    Most people live at or above their means so they can get caught up in squeeze as their income declines and their expenses stay the same. It's hard to immediately adjust to fast declines as we are experiencing during this pandemic. A guy like this can be riding a jet one day and the next day he is negotiating with the banks on how not to default on all his properties plus his jet.

    I can understand why he feels like he is having a hard time but the big difference is that the banks will be more than happy to work with him so they don't have to deal with a default so it's hard to think of him as someone that's suffering. He'll be fine. He might end-up owning 20 properties instead of 24 but for most people in the world they would be happy to be in his situation. He'll be more than fine.

  • by teclordphrack2 on 8/17/21, 8:37 PM

    I have no sympathy for someone with 24 properties with only 4 taking rental assistance. If he is hurting it is b/c he took out loans to get multiple houses and does not own them out right. He is part of the problem affecting many americans that are trying to get their first home.