What happens when you cancel rent, mortgages, and debt

[bsmith]

Originally Posted by Mick

This idea has been around for a few months now. What I don't get is what do these people think the landlords are doing with the rents they collect? I can tell you what I do, first, I maintain the building and provide services to the tenants like landscaping, snow removal etc. With what is left over, I pay my own bills, and buy groceries. Cancelling rent will mean my family will go hungry, and if my contractors are primarily servicing rental properties, they will go hungry too.

This is typical liberal bullshit. As long as it "sounds good" and sounds like we are going to take a chunk out of some rich person's hide, then we should pursue it. Unfortunately in this case, they will only kill the middle class, again.

I've seen the arguments for this.
There are more renters than landlords, so it's better to sacrifice them.

[Mick]

Originally Posted by bsmith

I've seen the arguments for this.
There are more renters than landlords, so it's better to sacrifice them.

And what happens to these sacred tenants when the building is falling down around them, the lawn hasn't been cut in months, the hedges have overgrown the driveway, the bushes are blocking the front and side doors, and the town forecloses on the house because I can't pay the property taxes but they don't have the money to fix up the place because nobody has been paying them?

[bsmith]

Originally Posted by Mick

And what happens to these sacred tenants when the building is falling down around them, the lawn hasn't been cut in months, the hedges have overgrown the driveway, the bushes are blocking the front and side doors, and the town forecloses on the house because I can't pay the property taxes but they don't have the money to fix up the place because nobody has been paying them?

People that think this is a good idea don't look past the first of the month.
Or, you should continue to do it because you are a rich landowner and can afford it.

[Mick]

Originally Posted by bsmith

People that think this is a good idea don't look past the first of the month.
Or, you should continue to do it because you are a rich landowner and can afford it.

I think you've nailed the mindset here.

I really do wonder what people think I do with the money I collect in rent. Do they think I roll a big cigar with $100 bills and sit on my deck smoking it?

[BOTY]

Originally Posted by Mick

I think you've nailed the mindset here.

I really do wonder what people think I do with the money I collect in rent. Do they think I roll a big cigar with $100 bills and sit on my deck smoking it?

If I had your money I would just burn mine.

[DAB]

running on a gold standard (or silver) sounds great, until you have a trade deficit with say France, and every week they show up and demand their ton of gold from your vault, and then haul that back to Paris. you keep that up, and your vault will be empty over time.

this is what happened in the 1970s.

https://en.wikipedia.org/wiki/Nixon_shock

Switzerland redeemed $50 million in July.[9] France acquired $191 million in gold.[9]

[mrvette]

Repudiate ALL debt, or at least from any and all .gov entities.......Fed on down to local board.....

Issue new currency, reset the computers, individuals/companies can then feel free to renegotiate their contracts......

point being that the regular folks cease to pay stupid high payments to the bazillionaire families, Rockefeller, Gates, Rothschild, Ford, long list......

which are the owner of our taxes/gov debt.......they continue to be rich alright....so no real issue, the trick is our tax load is greatly reduced.....

just a few thoughts on how that could be accomplished, and not keep forcing more inflation and debt as it's all phony numbers anyway....50 trillion bux.....really?? more like ten billion pennies.....

[Mick]

Originally Posted by BOTY

If I had your money I would just burn mine.

Did you notice the ratio of our barn bucks? Yeah, our net worths are probably about the same ratio.

I am without a mortgage now. I used the proceeds of the sale of my 3 family, to pay off the mortgage on my 2 family. Not having that anvil around my neck is nice.

[VITE1]

Originally Posted by Mick

And what happens to these sacred tenants when the building is falling down around them, the lawn hasn't been cut in months, the hedges have overgrown the driveway, the bushes are blocking the front and side doors, and the town forecloses on the house because I can't pay the property taxes but they don't have the money to fix up the place because nobody has been paying them?

The government comes along and takes the property and then has more control of the people.

[BOTY]

Originally Posted by Mick

Did you notice the ratio of our barn bucks? Yeah, our net worths are probably about the same ratio.

I am without a mortgage now. I used the proceeds of the sale of my 3 family, to pay off the mortgage on my 2 family. Not having that anvil around my neck is nice.

Hell yeah, we have 32 months left and that isn't set in stone. I would like to shorten that time greatly, it has to be a great feeling.

[snide]

Originally Posted by BOTY

Hell yeah, we have 32 months left and that isn't set in stone. I would like to shorten that time greatly, it has to be a great feeling.

Not having a mortgage payment is nice, yes. But you still have your property, school and state taxes.

Was hoping to pay off the 'Mero this year and the RAM next year, but without working right now, that's not likely to happen.

[BOTY]

Originally Posted by snide

Not having a mortgage payment is nice, yes. But you still have your property, school and state taxes.

Was hoping to pay off the 'Mero this year and the RAM next year, but without working right now, that's not likely to happen.

Property taxes are up there but it's Il in a good school district, we knew what we were getting into. Still cheaper than private school. All taxes suck. , but to get the mortgage to go away would be a big bonus. Only one more kid to get through school then all having loans goes away.

[Dan Dlabay]

We have no mortgage always paid cash for cars and trucks and no bills other than monthly utilities and credit card which is paid off each month.

[Steve_R]

Originally Posted by mrvette

Repudiate ALL debt, or at least from any and all .gov entities.......Fed on down to local board.....

Issue new currency, reset the computers, individuals/companies can then feel free to renegotiate their contracts......

point being that the regular folks cease to pay stupid high payments to the bazillionaire families, Rockefeller, Gates, Rothschild, Ford, long list......

which are the owner of our taxes/gov debt.......they continue to be rich alright....so no real issue, the trick is our tax load is greatly reduced.....

just a few thoughts on how that could be accomplished, and not keep forcing more inflation and debt as it's all phony numbers anyway....50 trillion bux.....really?? more like ten billion pennies.....

.

[99 pewtercoupe]

Originally Posted by mrvette

Repudiate ALL debt, or at least from any and all .gov entities.......Fed on down to local board.....

Issue new currency, reset the computers, individuals/companies can then feel free to renegotiate their contracts......

point being that the regular folks cease to pay stupid high payments to the bazillionaire families, Rockefeller, Gates, Rothschild, Ford, long list......

which are the owner of our taxes/gov debt.......they continue to be rich alright....so no real issue, the trick is our tax load is greatly reduced.....

just a few thoughts on how that could be accomplished, and not keep forcing more inflation and debt as it's all phony numbers anyway....50 trillion bux.....really?? more like ten billion pennies.....

.

[mrvette]

Originally Posted by 99 pewtercoupe

.

What other alternative?? keep on keeping on with the current insanity?? just run the digits out on some computer?? who in hell kidding who now??