Renters Bill of Rights rolled out by Biden

www.yahoo.com...

In the face of sky-high rents, President Joe Biden is rolling out a new set of principles the White House is calling a "Renters Bill of Rights" in an effort to improve rent affordability and protections for tenants. The president is directing the Federal Housing Finance Agency (FHFA) to examine limits on rent increases for future investments and actions promoting renter protections. The Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) have been tapped to root out practices that unfairly prevent applicants and tenants from accessing or staying in housing.

Housing has issues, but this isn’t the fix.

Get ready, things are going to get worse. My guess is that any remaining landlords will sell, and the mega corporation will buy. They have already been doing so.
Then they will have a monopoly. Then that will cause houses to go up, making it harder on people that don’t rent.
What a disaster!

Renters already have a ton of protections, don’t even get me started on squatters.
Also anyone selling a house do not under any circumstances let the owner stay after closing. I’m seeing now some owners are not leaving and it can take over a year to kick them out while you pay the mortgage!!

a reply to: JAGStorm

From your link also

In Wednesday's announcement, the administration also sought to rally state and local governments — as well as the private sector — to protect renters.

The Wisconsin Housing and Economic Development Authority and Pennsylvania Housing Finance Agency, for instance, have agreed to cap annual rental increases to 5% per year for federal- or state-subsidized affordable housing.

Okay I have never had section 8 or "housing choice vouchers" nor have I been a landlord but I think this is going to make fewer landlords take those types of housing assistance, and then allowing for "alternate forms of credit" because these people don't have a credit score is kind of ridiculous too. Pretty much anyone can do what I did with no credit score, get a secured credit card for 200 bucks, keep it paid off and raise their credit score. It's kind of like no one should be willing to help people that aren't even willing to help themselves. Sorry I'm a heartless conservative but I think these policies will actually hurt people already struggling if they make it less attractive for landlords to take section 8 or govt. rental assistance.

They keep making duplicate laws. Must be to trap more voters ⭕🐇

a reply to: Antimony

So the geniuses cap rent increases at 5% with inflation at 8%. Brilliant. Butwhatabout property deterioration complaints later ?😎

a reply to: JAGStorm

I would assume the initial move in cost will just go up to compensate. Instead of paying another couple hundred a month each lease renewal they will just hit you with and extra 500-600$ up front to compensate. Maybe they will cap lease lengths at 6 months so they can up your rent twice a year to split up the increase. One way or another it won't end up cheaper.

This is what every Lame Duck president does in his last few months in office. What does that tell you about Brandon? Me thinks he knows maor than we do. He wants everyone to remember him as the "Trying for the little-people POTUS." B-Bye Idiot!

a reply to: xuenchen

I have seen a couple youtube videos where landlords show the houses destroyed by section 8 tenants and they are on the hook for repairs pretty much 100% because the government doesn't pay for security deposits or damages. Just the rent subsidy itself.

a reply to: JAGStorm

Get ready, things are going to get worse. My guess is that any remaining landlords will sell, and the mega corporation will buy. They have already been doing so.

If they aren't forcing you out of the property you rightfully own, or bulldozing your neighborhood to build a casino and hotel in your backyard, what's your moral objection? I don't comprehend why this is infringing on your dignity and quality of life.

originally posted by: xuenchen
a reply to: Antimony

So the geniuses cap rent increases at 5% with inflation at 8%. Brilliant. Butwhatabout property deterioration complaints later ?😎

Youtube, Home Depot and a positive can-do attitude.

originally posted by: RickyD
a reply to: JAGStorm

I would assume the initial move in cost will just go up to compensate. Instead of paying another couple hundred a month each lease renewal they will just hit you with and extra 500-600$ up front to compensate. Maybe they will cap lease lengths at 6 months so they can up your rent twice a year to split up the increase. One way or another it won't end up cheaper.

When stuff like this happens people will always find a workaround.
They will rent only to friends/family. They will require rent all at one time etc.

a reply to: TzarChasm

If they aren't forcing you out of the property you rightfully own, or bulldozing your neighborhood to build a casino and hotel in your backyard, what's your moral objection? I don't comprehend why this is infringing on your dignity and quality of life.

It will absolutely affect everyone, renters and owners alike.
This will 100% have the opposite effect on everyone, higher housing costs.

a reply to: JAGStorm

Get ready, things are going to get worse. My guess is that any remaining landlords will sell, and the mega corporation will buy.

Ironically that’s why we’re in this position to begin with. Investment institutions went on a spending spree the past few years to buy property en mass.

It’s a consolidation of wealth.

Would I rather have a land lord who has a family and is just trying to set up some passive income for retirement, or a corporation? Pretty easy choice.

originally posted by: Antimony
a reply to: xuenchen

I have seen a couple youtube videos where landlords show the houses destroyed by section 8 tenants and they are on the hook for repairs pretty much 100% because the government doesn't pay for security deposits or damages. Just the rent subsidy itself.

In the private sector, the National Association of Realtors has also agreed to put new resources towards property managers in their network to promote practices like advertising to prospective tenants that Housing Choice Vouchers are accepted at their property, providing information about rental assistance, and using alternative credit scores for applicants without a detailed credit history.

If LANDLORDS have to accept people without a detailed credit history, or “alternative” credit score, then every single bank and government office should too, (of course they wouldn’t).

I’m not a landlord but if I had to choose between two people, a family with a great credit history or someone without one, why on GODS earth would I choose the one without one? Either we live in a country that uses credit scores or we don’t. This crap where they get to choose when and were credit scores are valid is pure Bunk!

Take a look at what happens in any city with rent control. You end up with tiny apartments -- or even single rooms that get billed as an "apartment."

originally posted by: JAGStorm

originally posted by: Antimony
a reply to: xuenchen

I have seen a couple youtube videos where landlords show the houses destroyed by section 8 tenants and they are on the hook for repairs pretty much 100% because the government doesn't pay for security deposits or damages. Just the rent subsidy itself.

In the private sector, the National Association of Realtors has also agreed to put new resources towards property managers in their network to promote practices like advertising to prospective tenants that Housing Choice Vouchers are accepted at their property, providing information about rental assistance, and using alternative credit scores for applicants without a detailed credit history.

If LANDLORDS have to accept people without a detailed credit history, or “alternative” credit score, then every single bank and government office should too, (of course they wouldn’t).

I’m not a landlord but if I had to choose between two people, a family with a great credit history or someone without one, why on GODS earth would I choose the one without one? Either we live in a country that uses credit scores or we don’t. This crap where they get to choose when and were credit scores are valid is pure Bunk!

Ironically, the people pushing this are mostly the exact same people who are pushing social credit scores, so they can grade you on how politically popular your opinions are.

But they don't want people to be able to score you based on stuff like how good you are at managing money or holding down a job.

a reply to: AndyFromMichigan

Ironically, the people pushing this are mostly the exact same people who are pushing social credit scores, so they can grade you on how politically popular your opinions are. But they don't want people to be able to score you based on stuff like how good you are at managing money or holding down a job.

Isn’t that the truth, and don’t forget GRADES!

originally posted by: JAGStorm

originally posted by: Antimony
a reply to: xuenchen

I have seen a couple youtube videos where landlords show the houses destroyed by section 8 tenants and they are on the hook for repairs pretty much 100% because the government doesn't pay for security deposits or damages. Just the rent subsidy itself.

In the private sector, the National Association of Realtors has also agreed to put new resources towards property managers in their network to promote practices like advertising to prospective tenants that Housing Choice Vouchers are accepted at their property, providing information about rental assistance, and using alternative credit scores for applicants without a detailed credit history.

If LANDLORDS have to accept people without a detailed credit history, or “alternative” credit score, then every single bank and government office should too, (of course they wouldn’t).

I’m not a landlord but if I had to choose between two people, a family with a great credit history or someone without one, why on GODS earth would I choose the one without one? Either we live in a country that uses credit scores or we don’t. This crap where they get to choose when and were credit scores are valid is pure Bunk!

At the end of the day, our society has to make peace with the fact that people are going to die because your civil rights are only as relevant as your wage performance, both earning a dependable income and spending it intelligently. If you're an idiot or a useless eater, you deserve your fate.

People tend to avoid just declaring it outright but the subtext is not very sub.

a reply to: JAGStorm

With the instability of the housing market right now, I don't think it wise to have leases over one year. If it gets dodgy enough, maybe no leases, a simple month to month. Takes more on sight time, but it reduces the cost of repairs, because it should be clearly stated that any damage will be repaired within 15 days or it warrants an immediate eviction.

When they set caps and limits on the cost of items and products, it removes the control from the hands of the public. If enough people refuse to purchase items and products, the price will go down or they will be stuck with a lot of unsold product on the shelf. But if the government controls the pricing, then they control what you can and what you can't have, when you can have it and how much of it that you can have.

I encourage homeowners to make holding on to you property for as long as you can a priority. They have been working together, big businesses, banks, and local governments to con people out of their homes for years. Ridiculous increases in property taxes, that force poor people to lose their homes at auctions, or they are forced to sell. Code enforcement ripping people off to raise local government revenue, ridiculous rise in the cost of homeowners insurance with crazy demands for repairs that are not needed. Trick after trick to force you into giving up your property, or making rules and laws that allow them to take it.

Band together. Families friends,neighbors. Whatever it takes to hold on to your land. Or the feudal lords will have you paying them to sleep in tents on your own property.

a reply to: JAGStorm

Nationalize rent costs.

Isn't that what the communists do?

originally posted by: DBCowboy
a reply to: JAGStorm

Nationalize rent costs.

Isn't that what the communists do?

YES, it is!

I live in a very, and I mean VERY conservative Right wing area.
I can’t tell you how much these people want choices taken away. They don’t even realize what they are doing.
People like to think this only happens with Liberals, or left leaning people/places but that isn’t reality.
I’m actually shocked by it sometimes.

Yes you are right, this IS what communism looks like.

Biden out here just winging it cause his supporters can’t afford to live anymore.