It makes sense to those with a "certain agenda".

The CA way and a few other states........

Anna, Pete, Applauding.  You have showcased some of the brillance of AR memebers who think critically and leave herd mentality to the herd. 

Thanks Anna for asking the question that needs to be asked when something does not make sense.

Pete X FTW. 

Right Anna?!

John Juarez I was quoting the information given today on a Leasing Webinar by an Attorney with the CAR, California Association of Realtors.

Thank you, Tony Lewis 

CAR archives webinars. I will search for that one. Sounds interesting.

Homeownership should trump renter rights, especially when laws are enacted to ensure that renters can live rent-free on a whim! My brother went through this in Pittsburgh when the renters did not want to pay rent any more...he ended up losing his  investment due to irresponsibility and laws that favored the wrong party because he was unable to get them out for more than a year!

In a real sense, this really hurts many renters in the long run.  We used to take chances on renters with a challenging past.  No more!  With no recourse for those that do not pay rent, we can only rent to the very best candidates or we will sell.  The government has no right to take away anything that is essential to an owner's bundle of rights.  I have a client with 3 renters not paying rent.  He can not handle the situation and will have to sell, but how can he sell with three non-paying tenants that he can't get out? It is very sad.  He may have to pay them to leave.  What a country!

Raymond Henson, SRES, GRI landlords are between a rock and a hard place without being able to pay the mortgages, and receiving no rent.   It is a bad situation.

You'd have to be . . . 

Pete Xavier Cash flow is king. Unfortunately, in many locations in the deep blue northeast, positive cash flow has become difficult to achieve in all types of real estate, excluding industrial warehousing.

Just saw a C&W report where less than 45% of retail tenants in NYC are paying rent. Additional data indicate over 300,000 residential tenants have already moved out of NYC permanently leaving the huge resi vacancy rate.

While some areas of the country will maintain a strong real estate market in most sectors, the northeast, the west coast, and come midwest locations (e.g. Chicago) are going to be severely depressed.

IF they pay!

This is scary because overpricing the homes, high rents no one can afford, now the tenants don't have to pay, landlord can't pay their mortgage, the homes either go into foreclosure or they sell very cheap but the tenants still can't afford to buy them and where are they going to live? On the street.

Which continues to feed the 'hand out to be filled' mentality, encouraging more homelessness. In the meantime, we continue to go to work and pay taxes to help support this...SMH!

Don't kid yourself Scott. They are moving and some are bringing the same agenda's with them. Here as well, unfortunately.