0:24 You found me, Graham. I'm 17 years old, this really doesn't apply to me.
After i lost my job, it has been so difficult for me to pay my bills and a friend introduce me to mitnickweb>com and i got 22k transferred directly to my account. they are incredible.
i was able to pay off my rent with a hack transfer i got from mitnickweb. com , they really helped me.
So if a load of properties flood the market, would that make them all way cheaper?
I’m literally 17 years old and I have no idea why I am watching this…
Who wants a landlord who goes on the internet talking about their business of being a landlord? Also is he a LAWYER? Real estate is governed by fair housing laws. Anything landlords say online can AND WILl be used against them if they ever run into a whistleblower with a really powerful lawyer (we exist to balance the scales a bit for the tenants).
The solution is guaranteed housing and the elimination of private landlords. Many landlords and real estate invetors are incredibly intransigent and think they're all powerful and that tenants are powerless. Denying rentals based on credit-score and/or prior rental history (look up Marla Hanson's problems with her landlord to show why a landlord's opinion shouldn't count for anything) could even be illegal. Also keep this in mind about ANY rental: tenants who knew about problems likely never said anything, but instead moved, so they wouldn't have a retaliatory "eviction lawsuit" on their record. Some landlords even think no tenant could ever possibly sue them under fair-housing laws and act incredulous when one does. The virus pandemic is showing just how pathetic and evil most landlords are, to the point where the entire concept of a landlord should be abolished.
Here's my question: when landlords evict all their delinquent tenants, who do the landlords expect will replace their previous tenants? Are they under the impression that a new wave of tenants is waiting in line to move in? Nobody wants to move right now. Practically nobody has a job. Who has money to move and pay a deposit, or wants to move in the first place? Seems like a major oversight. Landlords are still thinking in a pre-Covid mindset. The only way to attract new tenants would be to lower their rent significantly.
A real human disguised as a landlord explains the obvious: 4:55
watching this right now and i couldnt stop laughing at 7mins in. "i'm sure by aug 1st comes around we'll figure something out." HAHAH our politicians are still infighting. that eviction wave has started. the extra cash from unemployment, gone too.
Hey Guys! Graham is such an inspiration to me so I have started my own youtube channel with financial content in Australia! Show some support to the avocado toast society and Subscribe!
Hey Graham ever consider starting a fund to help those affected by COVID instead of buying another property?
Graham you are very very informative and this videp was very educating and useful. Thank you. I am subsctubeing
My landlord won’t evict ppl that really should be evicted. It’s why I’m not renewing my lease
All of this assumes that renters and homeowners are willing to surrender their property. There are already angry mobs that have beaten up landlords trying to file evictions in court. You've now got millions who are about to be homeless. If the landowners and banks think people will just take it because "muh property rights" they have another thing coming.
Things are about to get. . . Interesting.
This is why I don't invest in real estate I only invest in stocks and crypto currency
I lived in apartments building, the landlords never wanted to work out something. Even to take rent in two parts (payments)
Was evicted yesterday and leasing in the same place again even though they legit threw away all my belongings
I'm refinancing my home and I'm saving $250 on my mortgage.
Courts will be overwhelmed!Sells will drop along with prices when the fall out starts, full wipe out coming! You will owe more money than your property is worth!Just like Kevin!
A lot of people think landlords are always millionaires but sometimes it is someone who csn barely get by with the rental payments and is in deep doodoo without the money
Please evict them. They are milking the "system" They obviously have extra money for extra "goodies" but not money for rent. The whole situation is fishy. Especially if they drive really nice and freshly car washed vehicles.
Do landlords don’t understand that if they lose their tenants in 2020 there’s no way in the world that they could find a new tenant that will pay pre-corona rent prices? They have to adjust to the market
Forty percent of applicants Still haven't gotten their unemployment. If they've applied they will get a retroactive lump sum, so landlords need to chill out. And the shitty banks who they owe should also be patient. But banks are evil.
Wouldn’t an eviction wave crash the real state market?
Why so many commercials Graham! (Yes I know about ad block, but to lazy to download)
You have to do a video on investing on rental property again to give more advise sir.
Landlords are investors take the highs with the lows.
Just wondering, when all these property owners evict their tenants where are the new renters going to come from considering that Americans having been fucked by the "powers that shouldn't be" are broke?
before even watching i think you agree with evicting in these times
Would like to see your view on ontario
"as people go back to work" ???? what work?
But, the Fed will literally have to keep printing more money to float the economy through the shutdown… otherwise the crash triggers happen.
Why is it the most vulnerable in society that get screwed? What kind of Christian society is this? Is this better than Communism in China and USSR? The tenant loses job due to Covid-19, gets evicted, lives on the street. Why is it the tenants can go live on the street if Covid-19 took their jobs, but the landlords must be paid. The landlords can suffer with a few months unpaid rent, but the banks must be paid. Government sides with the banks, but it was the government that told everyone to stop earning a salary, so who should get hurt the most? The weakest people. At least it's summer now, being evicted in Michigan in winter is worse. Millions of homeless families living in tents on the side of the road. I thought everything is going to be alright with the stimulus checks but now I see it's worse, society is cruel and evil. It's the end of the world, people should fight for their humanity with all they've got. Are hedge funds more important than our humanity?