• Please be aware we've switched the forums to their own URL. (again) You'll find the new website address to be www.steelernationforum.com Thanks
  • Please clear your private messages. Your inbox is close to being full.

The Coronavirus thread

Steelr4evr said:
And the bad dream goes on another day. I do get daily comedy. People alone driving cars with masks on. I saw a guy earlier wearing a mask riding a bicycle down the sidewalk...haha. I drive with the sunroof open and windows down. I like living dangerously.
Click to expand...

I too saw someone driving a car with a mask on.

carcorona.jpg
 
remember "never let a crisis go to waste"?

The Squawk remembers...

https://www.fool.com/millionacres/r...t-of-2020-would-impact-real-estate-investors/

How the Rent and Mortgage Cancellation Act of 2020 Would impact Real Estate Investors
By: Liz Brumer-Smith, Contributor
Published on: Apr 24, 2020 | Updated on: Apr 28, 2020

In early April, Congress approved a $2 trillion stimulus package that provided homeowners, tenants, businesses, and certain industries much-needed funds to help supplement the loss of income many have faced since the coronavirus outbreak.


Talk over the second round of stimulus is underway with three proposed policies on the table at the present time, one of which would have a big impact on homeowners, tenants, landlords, and real estate investors everywhere: The Rent and Mortgage Cancellation Act of 2020.

This bill, sponsored by Representative Ilhan Omar, D-M.N., would eliminate rental and mortgage payments on any primary residence for the duration of the national emergency, allowing landlords and lenders to recoup losses by applying to a relief fund, but there are stipulations.

Let's look at what the act proposes and how it would work and see how it would affect real estate investors.

What the bill proposes
In the Rent and Mortgage Cancellation Act of 2020, all rental and mortgage payments would be eliminated, retroactive from April 2020 for the remainder of the state of emergency declaration.

A fund established by the United States Department of Housing and Urban Development (HUD) would repay any rent or mortgage payments made in April 2020 to the tenant or mortgagor.

Landlords and lenders would be unable to pursue past due rent or mortgage arrears, charge late fees, or report any missed payments to credit bureaus.

Two separate relief funds sponsored by HUD would be created for both landlords and lenders that would cover the entire lost rent or mortgage payment as long as they agree to certain terms for a period of five years.


Any violation of this act by a lender or landlord could result in penalties ranging from $5,000 up to $50,000 and possible forfeiture of the property.

What the bill would require
The Landlord Relief Fund would require eligible landlords, which would include "small property owners, family investors, public housing authorities, non-profits, and cooperatives" to agree to the following terms for a period of five years:

  • The rental rate cannot be increased over the following five years.
  • Landlords can only evict for "just-cause" and must provide documentation with any just-cause eviction.
  • The landlord cannot discriminate against a tenant's income source.
  • Landlords must coordinate with local housing authorities to make new vacancies eligible to Section 8 voucher holders.
  • A provision of 10 percent equity to tenants.
  • The sexual identity or orientation, gender identity or expression, conviction or arrest record, credit history, or immigration status of the tenant cannot be discriminated against.
  • It also states that the funds would be disbursed on a tiered basis, giving priority to not-for-profits, who likely have the least available capital or assets.


The Lender Relief Fund would require the following of lenders:


  • Yearly reporting of "detailed lending data delineated by race, ethnicity, zip code, age, credit score, interest rates, and other loan pricing features."
  • Provide comprehensive data on the lender's office location(s), outreach practices, and referral systems on an annual basis.
  • If at any time during this five-year period a landlord wants to sell a property, they must first offer the property for sale through the Affordable Housing Acquisition Fund, which is designed to help promote housing affordability, while offering tenants safe, habitable living conditions.


The Affordable Housing Acquisition Fund would require:

  • HUD to have the first right of purchase, providing them 60 days to find an eligible purchaser. If no such purchaser is found, the seller can proceed to a private sale.
  • Purchasers must:
  • Permanently "reserve a portion of rent-restricted units for lower-income households."
  • Follow requirements 2 through 6 of the Landlord Relief Fund.
  • Agree to provide residents with free services such as access to "healthcare, employment or education assistance, childcare, financial literacy class, and other community-based support services."


How this bill would affect real estate investors
While this proposal does offer relief for millions of Americans who are currently unemployed or have seen a significant decrease in income from the recession, it puts real estate investors, and particularly landlords, in a very tough position.


It forces the landlords to waive their right to annually adjust their rental rate to offset inflation, increased property taxes, or property insurance or to compensate for any other variable costs that rise with time in order to receive relief in the time being.

Additionally, it requires they essentially become participants in the Section 8 Housing program, restricting the pool of tenants they must first allow.

Lenders must agree to increased annual reporting requirements or suffer a loss of income for an indeterminate amount of time, which would equate to millions of dollars in lost funds.

This act also removes the free market, regulating who can purchase real estate and what they do with the real estate once purchased and caps the income potential for any participating property or asset in this plan.

How likely is the bill to pass?
This bill is aggressive. The limitation it poses to private property owners and lenders, in addition to the tremendous cost it would take to be able to pay all rent and mortgage payments for the entire country for an undetermined period of time, means it's unlikely to gain traction in Congress.

However, we could see elements of this bill pushed forward in future bills that would offer some sort of relief to borrowers and tenants that could impose more restrictions on the private real estate market.
 
FACT: Confirmed deaths + Presumed deaths = Total Deaths.

Learned that this is the way flu deaths have been accounted for by the CDC. So it appears to be a matter of consistency.

So is it a conspiracy? Maybe, maybe not.
Found this:

This gives us a fuller picture of what is happening. There’s no conspiracy and no effort to make it seem worse than it is.

Now, in their public release of data, New York City will have confirmed and presumed COVID-19 deaths just as all previous reports of flu deaths in New York had both confirmed and presumed deaths in that total.

New York City, already a world epicenter of the coronavirus outbreak, sharply increased its death toll by more than 3,700 victims on Tuesday, after officials said they were now including people who had never tested positive for the virus but were presumed to have died of it.

Put more broadly, we have been comparing COVID-19 confirmed deaths to flu deaths, which have included both confirmed and presumed deaths. What New York City is now doing is providing a better apples to apples comparison. Now, in their public release of data, New York City will have confirmed and presumed COVID-19 deaths just as all previous reports of flu deaths in New York had both confirmed and presumed deaths in that total.

OK bravo, so for the sake of consistency we have an apples to apples by which data for the flu and COVID are collected.

The sticking point is that this does not explain how presumed patients with the flu are differentiated from those with Corona?
The symptoms are identical.
Funny that flu cases have dropped considerably.
 
Last edited:
IndySteel said:
This virus is so smart that it knows the difference between a grocery store and a barber shop.
Click to expand...

Sneaky gd Chinese. I'm never having
n chinese fast food again.

The grocery store and wal mart **** is the deal breaker for me. Of course they know damn well if you **** with the food supply all rules and laws mean jack ****.
 
Last edited:
Report: Dr Fauci Backed Wuhan Lab Doing ‘Crazy’ Coronavirus Research

Newsweek has highlighted that the Chinese Scientists who were said to have been doing ‘crazy’ things with coronavirus in the Wuhan Institute of Virology, were funded by the White House senior health advisor Dr Anthony Fauci just last year.

The report notes that in 2019 Fauci, as head of the National Institute for Allergy and Infectious Diseases (NIAID), backed the National Institutes of Health (NIH) funding commitment of $3.7 million for a further six years of research on bat coronaviruses in the Chinese lab.

The report also noted that the research outline included manipulating viruses in the lab in order to gauge the potential for infection in humans.

The funding, which has now been halted by the Trump administration, was in addition to the previous $3.7 million provided to the Chinese lab between 2014-2019.

Therefore, a total of $7.4 million had been provided for the Chinese coronavirus research, according to the report.
Click to expand...

They funding our bioweapons program!
chinese-premier.jpg
 
Steelr4evr said:
If you see a person on tv and you sat close to your tv? Then you died a few weeks later? You died from covid because you did not social distance enough from your tv. It didn't matter if you got hit by a semi truck.
Click to expand...

Well I'm way less than 6ft from my computer screen and I'm fine...all you ******* must be wearing masks.
 
Superman said:
remember "never let a crisis go to waste"?

The Squawk remembers...

https://www.fool.com/millionacres/r...t-of-2020-would-impact-real-estate-investors/

How the Rent and Mortgage Cancellation Act of 2020 Would impact Real Estate Investors
By: Liz Brumer-Smith, Contributor
Published on: Apr 24, 2020 | Updated on: Apr 28, 2020

In early April, Congress approved a $2 trillion stimulus package that provided homeowners, tenants, businesses, and certain industries much-needed funds to help supplement the loss of income many have faced since the coronavirus outbreak.


Talk over the second round of stimulus is underway with three proposed policies on the table at the present time, one of which would have a big impact on homeowners, tenants, landlords, and real estate investors everywhere: The Rent and Mortgage Cancellation Act of 2020.

This bill, sponsored by Representative Ilhan Omar, D-M.N., would eliminate rental and mortgage payments on any primary residence for the duration of the national emergency, allowing landlords and lenders to recoup losses by applying to a relief fund, but there are stipulations.

Let's look at what the act proposes and how it would work and see how it would affect real estate investors.

What the bill proposes
In the Rent and Mortgage Cancellation Act of 2020, all rental and mortgage payments would be eliminated, retroactive from April 2020 for the remainder of the state of emergency declaration.

A fund established by the United States Department of Housing and Urban Development (HUD) would repay any rent or mortgage payments made in April 2020 to the tenant or mortgagor.

Landlords and lenders would be unable to pursue past due rent or mortgage arrears, charge late fees, or report any missed payments to credit bureaus.

Two separate relief funds sponsored by HUD would be created for both landlords and lenders that would cover the entire lost rent or mortgage payment as long as they agree to certain terms for a period of five years.


Any violation of this act by a lender or landlord could result in penalties ranging from $5,000 up to $50,000 and possible forfeiture of the property.

What the bill would require
The Landlord Relief Fund would require eligible landlords, which would include "small property owners, family investors, public housing authorities, non-profits, and cooperatives" to agree to the following terms for a period of five years:

  • The rental rate cannot be increased over the following five years.
  • Landlords can only evict for "just-cause" and must provide documentation with any just-cause eviction.
  • The landlord cannot discriminate against a tenant's income source.
  • Landlords must coordinate with local housing authorities to make new vacancies eligible to Section 8 voucher holders.
  • A provision of 10 percent equity to tenants.
  • The sexual identity or orientation, gender identity or expression, conviction or arrest record, credit history, or immigration status of the tenant cannot be discriminated against.
  • It also states that the funds would be disbursed on a tiered basis, giving priority to not-for-profits, who likely have the least available capital or assets.


The Lender Relief Fund would require the following of lenders:


  • Yearly reporting of "detailed lending data delineated by race, ethnicity, zip code, age, credit score, interest rates, and other loan pricing features."
  • Provide comprehensive data on the lender's office location(s), outreach practices, and referral systems on an annual basis.
  • If at any time during this five-year period a landlord wants to sell a property, they must first offer the property for sale through the Affordable Housing Acquisition Fund, which is designed to help promote housing affordability, while offering tenants safe, habitable living conditions.


The Affordable Housing Acquisition Fund would require:

  • HUD to have the first right of purchase, providing them 60 days to find an eligible purchaser. If no such purchaser is found, the seller can proceed to a private sale.
  • Purchasers must:
  • Permanently "reserve a portion of rent-restricted units for lower-income households."
  • Follow requirements 2 through 6 of the Landlord Relief Fund.
  • Agree to provide residents with free services such as access to "healthcare, employment or education assistance, childcare, financial literacy class, and other community-based support services."


How this bill would affect real estate investors
While this proposal does offer relief for millions of Americans who are currently unemployed or have seen a significant decrease in income from the recession, it puts real estate investors, and particularly landlords, in a very tough position.


It forces the landlords to waive their right to annually adjust their rental rate to offset inflation, increased property taxes, or property insurance or to compensate for any other variable costs that rise with time in order to receive relief in the time being.

Additionally, it requires they essentially become participants in the Section 8 Housing program, restricting the pool of tenants they must first allow.

Lenders must agree to increased annual reporting requirements or suffer a loss of income for an indeterminate amount of time, which would equate to millions of dollars in lost funds.

This act also removes the free market, regulating who can purchase real estate and what they do with the real estate once purchased and caps the income potential for any participating property or asset in this plan.

How likely is the bill to pass?
This bill is aggressive. The limitation it poses to private property owners and lenders, in addition to the tremendous cost it would take to be able to pay all rent and mortgage payments for the entire country for an undetermined period of time, means it's unlikely to gain traction in Congress.

However, we could see elements of this bill pushed forward in future bills that would offer some sort of relief to borrowers and tenants that could impose more restrictions on the private real estate market.
Click to expand...

Brilliant, lets decimate the Mortgage Backed Securities market to "help" people. Sometimes I wonder if politicians ever took a basic class on the stock market and/or financial lending institution in general.
 
Yinzerlyn said:
I posted a little earlier in here that they are adding nausea, headache, uncontrolled flatulence, scales, warts, hair growth in bizarre and unwelcome places, speaking gibberish, and eye-watering body odor to the COVID symptoms.
Click to expand...

With slight edits.

Hmm, those are the symptoms associated with being an ogre.
 
Steeler Pride said:
Brilliant, lets decimate the Mortgage Backed Securities market to "help" people. Sometimes I wonder if politicians ever took a basic class on the stock market and/or financial lending institution in general.
Click to expand...

I suspect the towel on that *****'s head has been way too tight for way too long.
 
So basically My guess is at some point they will bailout 90% of the rent in this country for six months, pay for it by taxing rent down the line, which will raise rent for everyone...


Now i wont get that because I make over the line in salary,but i sure as **** will pay for it... hooorayyy!!!
 
madinsomniac said:
So basically My guess is at some point they will bailout 90% of the rent in this country for six months, pay for it by taxing rent down the line, which will raise rent for everyone...

Now i wont get that because I make over the line in salary,but i sure as **** will pay for it... hooorayyy!!!
Click to expand...

Evil 1%er. I bet you're white, too!
 
I don't know what you do about rent, but one thing the Feds could do about mortgages, without a total bailout, is compensate mortgage companies the financing fee for moving three months of the mortgage to the back of the mortgage. So, you get to live in your house without payments for three months but have to extend your mortgage term by three months.
 
LLWS cancelled for first time ever. Bummer.
 
Problem is 10-12 year olds can't drive themselves to the game so a lot more people have to be involved. And LLWS requires people flying here from many different countries and who knows
what the virus status of those countries will be at that time.
 
So I am watching the President’s briefing on Fox. I dislike listening to him speak. Not sure why. I just do.
 
21STEELERS21 said:
Problem is 10-12 year olds can't drive themselves to the game so a lot more people have to be involved. And LLWS requires people flying here from many different countries and who knows what the virus status of those countries will be at that time.
Click to expand...

You are so right, kids are never near their parents during a lockdown so forcing them to be in a car with their parents would be doomsday. Thank God no Little League or outdoor activities at all, or maybe one kid named Dwight in Utica may have caught the sniffles.

And wasn't Tibs lecturing me on Mexico's incredibly low infection rate? So have the Messicans drive up. Japan has control of the virus so ship them over on one of those empty cruise ships. Europe? Ehhh, **** them, Europeans can't play baseball anyway.
 
You must log in or register to reply here.
Top