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Post by ellie on Apr 12, 2020 0:04:42 GMT -5
Well there you go... I have no pension, I have no s.s, I'm getting no aid, and have had no income for 3 weeks now. Surely you can understand that everyone isn't in the same boat financially? While I had set some money aside for a rainy day, I never anticipated rainy weeks or months ... My bad. Do you have have to pay rent if you're legislated not to work? That doesn't seem right! I thought I remember you saying you paid some ridiculous amount of money for rent. Don't think I would be paying rent if I wasn't even allowed to work. How's that even possible? The problem with that is some, maybe even many, landlords will have mortgages to pay so don't have the flexibility to waive payments. Even if the banks freeze payments you can bet they will be still accruing interest!
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Post by curlywurlysammagee on Apr 12, 2020 0:10:21 GMT -5
Well there you go... I have no pension, I have no s.s, I'm getting no aid, and have had no income for 3 weeks now. Surely you can understand that everyone isn't in the same boat financially? While I had set some money aside for a rainy day, I never anticipated rainy weeks or months ... My bad. Do you have have to pay rent if you're legislated not to work? That doesn't seem right! I thought I remember you saying you paid some ridiculous amount of money for rent. Don't think I would be paying rent if I wasn't even allowed to work. How's that even possible? The problem with that is some maybe even many landlords will have mortgages to pay so don't have the flexibility to waive payments. Even if the banks freeze payments you can bet they will be still accruing interest! There is no easy solution. One benefit that may come out of this is the demise of the airbnb business. There are loads of homes been bought in my wee town purely to use as a airbnb. The mortgage is reliant on their being an income from tourists. No tourists, no income, no mortgage payments, equals mortgagee sale and houses will hopefully return to a more realistic value.
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Post by ellie on Apr 12, 2020 0:28:41 GMT -5
The problem with that is some maybe even many landlords will have mortgages to pay so don't have the flexibility to waive payments. Even if the banks freeze payments you can bet they will be still accruing interest! There is no easy solution. One benefit that may come out of this is the demise of the airbnb business. There are loads of homes been bought in my wee town purely to use as a airbnb. The mortgage is reliant on their being an income from tourists. No tourists, no income, no mortgage payments, equals mortgagee sale and houses will hopefully return to a more realistic value. Maybe not demise, but probably a clean up. Certainly in your area if the only purpose of the accommodation is for airbnb. Hopefully it will help with those escalating house prices in the meantime! There are other users though, like our neighbours who rent their spare room or the whole house when they are not there for a bit of extra cash. For them and those like them they won't have any overheads during this period so unless any laws change should be able to resume business once this has passed. I would think airbnb itself should be able to pull through as being a middle man they can probably slash their fixed costs relatively easily, unlike major hotel chains for comparison.
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Post by Deleted on Apr 12, 2020 0:42:05 GMT -5
The problem with that is some maybe even many landlords will have mortgages to pay so don't have the flexibility to waive payments. Even if the banks freeze payments you can bet they will be still accruing interest! There is no easy solution. One benefit that may come out of this is the demise of the airbnb business. There are loads of homes been bought in my wee town purely to use as a airbnb. The mortgage is reliant on their being an income from tourists. No tourists, no income, no mortgage payments, equals mortgagee sale and houses will hopefully return to a more realistic value. You are so right and the neighbours may be able to live in peace, after putting up with people congregating for a party weekend. ( a cheaper rate than motels) Meanwhile the owner is miles away and doesn’t deal to inconsiderate behaviour. We are sick of it here in this area.
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Post by dmmichgood on Apr 12, 2020 0:47:02 GMT -5
Dan, come on! -you aren't being "curious,"
Just who of us do you think does have "the luxury of staying home for +6 weeks" without an income? Not my family nor anyone that I know.
I was genuinely curious as to how long you would be willing to stay home and remain in self-isolation?
You obviously have the means to stay home since your doing it.
Well there you go... I have no pension, I have no s.s, I'm getting no aid, and have had no income for 3 weeks now. Surely you can understand that everyone isn't in the same boat financially? While I had set some money aside for a rainy day, I never anticipated rainy weeks or months Well, there you go, -but then neither are you 88 years old like me!
I also doubt that you have any adult children whom you are concerned about THEIR financial futures, do you? I do. I have three children and their financial future it is something that is on my mind ALL the time!
What I can't understand is why that you seem to think that you are the ONLY one going through this!
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Post by fixit on Apr 12, 2020 1:14:12 GMT -5
The problem with that is some maybe even many landlords will have mortgages to pay so don't have the flexibility to waive payments. Even if the banks freeze payments you can bet they will be still accruing interest! There is no easy solution. One benefit that may come out of this is the demise of the airbnb business. There are loads of homes been bought in my wee town purely to use as a airbnb. The mortgage is reliant on their being an income from tourists. No tourists, no income, no mortgage payments, equals mortgagee sale and houses will hopefully return to a more realistic value. Except our central bank is intent on inflating the money supply through quantitative easing to keep asset values up.
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Post by Dan on Apr 12, 2020 1:15:18 GMT -5
Do you have have to pay rent if you're legislated not to work? That doesn't seem right! I thought I remember you saying you paid some ridiculous amount of money for rent. Don't think I would be paying rent if I wasn't even allowed to work. How's that even possible? I asked the landlord if he would let the rent slide for a month, and he said no.. He said that he has a mortgage on the property and uses the rent money to pay his monthly mortgage. So if I don't pay him, he misses a mortgage payment and is charged a late fee, his good credit would get dinged too. He also said that if he did let the rent slide for a month, it won't be any easier for me to pay 2 months rent on the first of May since the state closed me down for the entire month of April. So the reality is, my landlord could care less if I'm legislated not to work, he's got bills to pay too and can't let my problems become his. So I got a cash advance on my credit card and paid the April rent. If the state extends the close down through May, I'll likely close down for good. Although I was able to supplement my income last week by making $2k trading the stock market. I've also defied the close down order (request), but customers are still afraid, so I'm only doing about 15% of what I'd normally bring in.. In any case there's no room for negotiation, its pay your rent or get evicted.
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Post by dmmichgood on Apr 12, 2020 1:16:34 GMT -5
I think Trump got some bad advise from the experts he surrounded himself with. Nearly all of their projections have been wrong. When they came out and advised all Americans not to wear face mask in public, I stopped listening to them.
Actually, -no one ever "advised all Americans not to wear face mask in public."
They were only saying that they didn't want to see health care workers have to go with out masks due to everyone using them.
They are advising the use of non-surgical masks and many people are making them.
There isn't a lot that I can volunteer to do to help in this crisis, - but sewing up a bunch face-masks I can do!
So, I have taken my sewing machine out of moth balls and found all kinds of material stored away over the years that I am using to make masks.
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Post by Dan on Apr 12, 2020 1:41:07 GMT -5
Well, there you go, -but then neither are you 88 years old like me!
I also doubt that you have any adult children whom you are concerned about THEIR financial futures, do you? I do. I have three children and their financial future it is something that is on my mind ALL the time!
What I can't understand is why that you seem to think that you are the ONLY one going through this!
I'm completely cognizant of the fact that I'm not the only one who's struggling, just that my situation is different from yours. I was only attempting to explain why I'm not complying with the stay-at-home order, and its because my only source of income has been cut off, so I have no choice but to try and keep business coming in. But I'm aware that this thing is a hardship on a lot of people. And no, I don't have kids to worry about, but if I had adult children, I suspect they would be helping their old man out .. But seriously, I'm not broke, I'm just trying to keep a business alive for myself and my employee's. I should also point out that my competition has kept their doors open, so if I did close down, I'd likely lose a few of my regular customers who would likely go to them. Its a dog eat dog world where the strong survive and the weak fall by the wayside.
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Post by curlywurlysammagee on Apr 12, 2020 1:42:35 GMT -5
There is no easy solution. One benefit that may come out of this is the demise of the airbnb business. There are loads of homes been bought in my wee town purely to use as a airbnb. The mortgage is reliant on their being an income from tourists. No tourists, no income, no mortgage payments, equals mortgagee sale and houses will hopefully return to a more realistic value. Except our central bank is intent on inflating the money supply through quantitative easing to keep asset values up. True. The problem is the canary in the colamine this time is the lack of discretionary spending money. Worldwide. Which means a lot less tourists and demand for beds. I think about 30% less for several years. With about the same loss in value. I could be wrong.
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Post by fixit on Apr 12, 2020 1:52:25 GMT -5
Do you have have to pay rent if you're legislated not to work? That doesn't seem right! I thought I remember you saying you paid some ridiculous amount of money for rent. Don't think I would be paying rent if I wasn't even allowed to work. How's that even possible? I asked the landlord if he would let the rent slide for a month, and he said no.. He said that he has a mortgage on the property and uses the rent money to pay his monthly mortgage. So if I don't pay him, he misses a mortgage payment and is charged a late fee, his good credit would get dinged too. He also said that if he did let the rent slide for a month, it won't be any easier for me to pay 2 months rent on the first of May since the state closed me down for the entire month of April. So the reality is, my landlord could care less if I'm legislated not to work, he's got bills to pay too and can't let my problems become his. So I got a cash advance on my credit card and paid the April rent. If the state extends the close down through May, I'll likely close down for good. Although I was able to supplement my income last week by making $2k trading the stock market. I've also defied the close down order (request), but customers are still afraid, so I'm only doing about 15% of what I'd normally bring in.. In any case there's no room for negotiation, its pay your rent or get evicted.
I feel for you Dan. I'm concerned that you're doing two very risky things there: 1. Playing the stock market, because you could lose $3k next time. 2. Borrowing on the credit card. That won't end well. Try negotiating harder. Who will he replace you with if he evicts you? If the bank forecloses who will they sell the building to? Can you meet with the landlord and the bank and work something out? Is there a chamber of commerce or some kind of small business advocate that can help you negotiate a solution?
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Post by fixit on Apr 12, 2020 1:58:36 GMT -5
Except our central bank is intent on inflating the money supply through quantitative easing to keep asset values up. True. The problem is the canary in the colamine this time is the lack of discretionary spending money. Worldwide. Which means a lot less tourists and demand for beds. I think about 30% less for several years. With about the same loss in value. I could be wrong. For the foreseeable future tourists would have to quarantine for two weeks at their cost. That's not fun. Also, would-be tourists will be spooked for the next year or two. And lacking in discretionary spending money as you say. Tourism was New Zealand's biggest export earner and it's gone virtually overnight. I expect it will take a few years to get back to where it was. Domestic tourism might partly replace it, but not for some time. So I think you're right that property prices in your area will decrease substantially.
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Post by dmmichgood on Apr 12, 2020 5:34:57 GMT -5
Well, there you go, -but then neither are you 88 years old like me!
I also doubt that you have any adult children whom you are concerned about THEIR financial futures, do you? I do. I have three children and their financial future it is something that is on my mind ALL the time!
What I can't understand is why that you seem to think that you are the ONLY one going through this!
I'm completely cognizant of the fact that I'm not the only one who's struggling, just that my situation is different from yours. I was only attempting to explain why I'm not complying with the stay-at-home order, and its because my only source of income has been cut off, so I have no choice but to try and keep business coming in. But I'm aware that this thing is a hardship on a lot of people. And no, I don't have kids to worry about, but if I had adult children, I suspect they would be helping their old man out .. But seriously, I'm not broke, I'm just trying to keep a business alive for myself and my employee's. I should also point out that my competition has kept their doors open, so if I did close down, I'd likely lose a few of my regular customers who would likely go to them. Its a dog eat dog world where the strong survive and the weak fall by the wayside. [Your quote] "And no, I don't have kids to worry about, but if I had adult children, I suspect they would be helping their old man out ..
It was apparent that you didn't have children otherwise you would know more about families.
My daughter had just got a job after being unemployed for over six months. Now we are ALL concerned about whether she will still have that job when this is over.
One son hasn't had a full time job for several years because of changes in the technology of the printing business. He also had just gotten another part time job lately
My oldest son is disabled & lives with me.
So, you don't think I have a lot I could complain about as well?
Talking about the stock market, -what little I have I hoped would last me for the rest of my life & perhaps I could leave some to my family.
Now I know it could all go poof! -bang just like that!
No, -I don't agree with you that all people act like it is "a dog eat dog world where the strong survive and the weak fall by the wayside"
I'm amazed at the number of people who are out there volunteering to help other people & are taking a chance on getting the virus themselves.
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Post by ellie on Apr 12, 2020 5:57:30 GMT -5
I asked the landlord if he would let the rent slide for a month, and he said no.. He said that he has a mortgage on the property and uses the rent money to pay his monthly mortgage. So if I don't pay him, he misses a mortgage payment and is charged a late fee, his good credit would get dinged too. He also said that if he did let the rent slide for a month, it won't be any easier for me to pay 2 months rent on the first of May since the state closed me down for the entire month of April. So the reality is, my landlord could care less if I'm legislated not to work, he's got bills to pay too and can't let my problems become his. So I got a cash advance on my credit card and paid the April rent. If the state extends the close down through May, I'll likely close down for good. Although I was able to supplement my income last week by making $2k trading the stock market. I've also defied the close down order (request), but customers are still afraid, so I'm only doing about 15% of what I'd normally bring in.. In any case there's no room for negotiation, its pay your rent or get evicted.
I feel for you Dan. Try negotiating harder. Who will he replace you with if he evicts you? If the bank forecloses who will they sell the building to? Can you meet with the landlord and the bank and work something out? Is there a chamber of commerce or some kind of small business advocate that can help you negotiate a solution? I think fixit has some good advice Dan. After all what business is going to afford to rent that space now if you fall behind on payments? It might even be that the landlord can renegotiate repayments to the bank between the low cash rate and QE going on. Matters of money are never fair, but it seems like it would be better for recovery on the other side of this if the pain was spread across the board.
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Post by Annan on Apr 12, 2020 6:04:42 GMT -5
We have four bathrooms, three showers, no tub. It kills me not to be able to soak my cares away. The tub is my private place to chill and do reiki. I have resorted to sitting in the shower. We plan on using our stimulus checks to put in a tub where there was once a tub but replaced by a shower. I've been holding off as I don't want people bringing the virus into my home. I'm still leery. Gotta give this some more thought. That's a lot of toilets to clean In the meantime there are portable, even inflatable tubs big enough for an adult, if you are desperate! Oh I'm desperate enough. Thanks for the tip!
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Post by ellie on Apr 12, 2020 6:11:11 GMT -5
I'm completely cognizant of the fact that I'm not the only one who's struggling, just that my situation is different from yours. I was only attempting to explain why I'm not complying with the stay-at-home order, and its because my only source of income has been cut off, so I have no choice but to try and keep business coming in. But I'm aware that this thing is a hardship on a lot of people. And no, I don't have kids to worry about, but if I had adult children, I suspect they would be helping their old man out .. But seriously, I'm not broke, I'm just trying to keep a business alive for myself and my employee's. I should also point out that my competition has kept their doors open, so if I did close down, I'd likely lose a few of my regular customers who would likely go to them. Its a dog eat dog world where the strong survive and the weak fall by the wayside. [Your quote] "And no, I don't have kids to worry about, but if I had adult children, I suspect they would be helping their old man out ..
It was apparent that you didn't have children otherwise you would know more about families.
My daughter had just got a job after being unemployed for over six months. Now we are ALL concerned about whether she will still have that job when this is over.
One son hasn't had a full time job for several years because of changes in the technology of the printing business. He also had just gotten another part time job lately
My oldest son is disabled & lives with me.
So, you don't think I have a lot I could complain about as well?
Talking about the stock market, -what little I have I hoped would last me for the rest of my life & perhaps I could leave some to my family.
Now I know it could all go poof! -bang just like that!
No, -I don't agree with you that all people act like it is "a dog eat dog world where the strong survive and the weak fall by the wayside"
I'm amazed at the number of people who are out there volunteering to help other people & are taking a chance on getting the virus themselves. It's actually the young people I worry about. I doubt many would be in any kind of position to help parents out. Initially I was hoping this would be the asset crash that so many need even to buy a basic house or apartment here. Instead we are facing quantitative easing so I'm not sure how the asset prices will fare. It seems it has been the young whose jobs have been hit hardest as they make up a high proportion of hospitality type jobs.
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Post by slowtosee on Apr 12, 2020 9:14:08 GMT -5
I'm completely cognizant of the fact that I'm not the only one who's struggling, just that my situation is different from yours. I was only attempting to explain why I'm not complying with the stay-at-home order, and its because my only source of income has been cut off, so I have no choice but to try and keep business coming in. But I'm aware that this thing is a hardship on a lot of people. And no, I don't have kids to worry about, but if I had adult children, I suspect they would be helping their old man out .. But seriously, I'm not broke, I'm just trying to keep a business alive for myself and my employee's. I should also point out that my competition has kept their doors open, so if I did close down, I'd likely lose a few of my regular customers who would likely go to them. Its a dog eat dog world where the strong survive and the weak fall by the wayside. [Your quote] "And no, I don't have kids to worry about, but if I had adult children, I suspect they would be helping their old man out ..
It was apparent that you didn't have children otherwise you would know more about families.
My daughter had just got a job after being unemployed for over six months. Now we are ALL concerned about whether she will still have that job when this is over.
One son hasn't had a full time job for several years because of changes in the technology of the printing business. He also had just gotten another part time job lately
My oldest son is disabled & lives with me.
So, you don't think I have a lot I could complain about as well?
Talking about the stock market, -what little I have I hoped would last me for the rest of my life & perhaps I could leave some to my family.
Now I know it could all go poof! -bang just like that!
No, -I don't agree with you that all people act like it is "a dog eat dog world where the strong survive and the weak fall by the wayside"
I'm amazed at the number of people who are out there volunteering to help other people & are taking a chance on getting the virus themselves.
Thank you for being YOU, Dmmichgood and sharing . Reminds me of a person speaking about how he was visiting with his Aunt , who had MAJOR serious health and financial issues in her family , and he was trying to “help” her with his wise philosophical and “spiritual “ answers , and she was VERY gracious and patient with her nephew , and after he was done , she replied “but NONE of that speaks to me as a MOTHER “ Thankful for Mothers , like you , Alvin
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Post by Dan on Apr 12, 2020 12:22:02 GMT -5
Thanks, but I actually agreed with the landlord. If I didn't pay the April rent and am closed down all this month, how would I come up with 2 months rent on the first of May? So the landlords logic is flawless. I've applied for a loan (grant) from the SMA, but they are slow as molasses. I've also got money, but its just tied up in other investments, so I'm resisting unraveling those and trying to make the business pay for itself. Time will tell.
<abbr title="Apr 12, 2020 5:34:57 GMT -5" class="o-timestamp time" data-timestamp="1586687697000">Apr 12, 2020 5:34:57 GMT -5</abbr> dmmichgood said: [Your quote] "And no, I don't have kids to worry about, but if I had adult children, I suspect they would be helping their old man out ..
It was apparent that you didn't have children otherwise you would know more about families.
My daughter had just got a job after being unemployed for over six months. Now we are ALL concerned about whether she will still have that job when this is over.
One son hasn't had a full time job for several years because of changes in the technology of the printing business. He also had just gotten another part time job lately
My oldest son is disabled & lives with me.
So, you don't think I have a lot I could complain about as well?
Talking about the stock market, -what little I have I hoped would last me for the rest of my life & perhaps I could leave some to my family.
Now I know it could all go poof! -bang just like that!
No, -I don't agree with you that all people act like it is "a dog eat dog world where the strong survive and the weak fall by the wayside"
I'm amazed at the number of people who are out there volunteering to help other people & are taking a chance on getting the virus themselves.
Sorry your kids are struggling... In the business world, the strong do survive, the weak go bankrupt. I'm not complaining, but just describing my situation in this "How is everyone here coping through this pandemic?" thread. I'm coping pretty good, probably better than most. I mistakingly presumed you and others were very well off financially, ya'll sounded like rich folks . I didn't think you understood that not everyone had the luxury of just sitting around the house and enjoying a 6 week vacation while the government was throwing $1200 checks their way.
Purely from a numbers perspective, we can look at any number of illnesses that have resulted in vastly more deaths than COVID-19 has dealt us so far. Yet, we never shut down the economy. We never said, “don’t go out.” And we never threatened to imprison or fine U.S. citizens for hanging out together. Shutting down an entire economy just seems like a over-reaction to me, and if this thing persist for another month or two, the financial repercussions are going to be horrendous.
So while your looking at the immediate picture, I'm considering the bigger picture, I reckon both perspectives are important.
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Post by 1chinesewhispers on Apr 12, 2020 12:26:12 GMT -5
Are you not being helped by banks and such in the 🇺🇸 ? Canada’s big six banks will allow mortgage payment deferrals for up to six months as part of extraordinary measures to help customers struggling with the financial impacts of the novel coronavirus pandemic.
In a tweet on Wednesday morning, Neil Parmenter, president of the Canadian Bankers Association, said the measures are “effective immediately.” RBC, TD, BMO, Scotiabank, CIBC and National Bank will also offer “opportunity for relief” on other credit products.
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Post by 1chinesewhispers on Apr 12, 2020 12:31:59 GMT -5
Sad 😞to hear about your circumstances . I hope you get relief from your government . You have enough trauma as it is .
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Post by Dan on Apr 12, 2020 13:29:38 GMT -5
Are you not being helped by banks and such in the 🇺🇸 ? Canada’s big six banks will allow mortgage payment deferrals for up to six months as part of extraordinary measures to help customers struggling with the financial impacts of the novel coronavirus pandemic. In a tweet on Wednesday morning, Neil Parmenter, president of the Canadian Bankers Association, said the measures are “effective immediately.” RBC, TD, BMO, Scotiabank, CIBC and National Bank will also offer “opportunity for relief” on other credit products. Sad 😞to hear about your circumstances . I hope you get relief from your government . You have enough trauma as it is .
No help from banks yet, my bank isn't even open.. I have no debt, so don't need any relief in that respect. They are suppose to provide loans, but taking on debt to solve a problem government has created isn't a viable solution for me either. Its kind of like someone taking a sledge hammer to your car and then offering you a low interest loan to get all the dents fixed. The government is doing everything they can to put me out of business, while simultaneously offering loans to prolong the agony. Borrowing money so you can afford to stay closed is a poor business decision.
"I’m from the federal government and I’m here to help you” is what Ronald Reagan called, “The nine most terrifying words in the English language”
Good news though, yesterday I found some Angel Soft toilet paper at a Dollar General store. Miracles do happen... I remember as a kid how chocolate bunnies and jelly beans were what we looked forward to getting on Easter, now its toilet paper! My how times have changed.
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Post by 1chinesewhispers on Apr 12, 2020 13:36:08 GMT -5
That is sad truly . Our government is giving money to small businesses and stimulates to every Canadian ., We will take a bit of a hit in Canada 🇨🇦 . We are fortunate that they have given everyone in Canada 🇨🇦 a sum of money .
The businesses have received money already to help them stay afloat .
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Post by 1chinesewhispers on Apr 12, 2020 13:50:45 GMT -5
Yeah I have 3 kids (grown) but not able to work because of addiction and HIV and other things . They require help . I can make a dollar stretch a long way . I have a good pension thankfully . My ex and I will not allow them to go to food bank . There are souls out there that need it more . We pull together as a family ! Every so often they send money back . We just put it in a account that he and I have . Because they will be back . We are happy we can help .
Man the USA 🇺🇸 Is taking a blow .Wishing all have better days in the USA 🇺🇸
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Post by snow on Apr 12, 2020 13:59:38 GMT -5
Do you have have to pay rent if you're legislated not to work? That doesn't seem right! I thought I remember you saying you paid some ridiculous amount of money for rent. Don't think I would be paying rent if I wasn't even allowed to work. How's that even possible? The problem with that is some, maybe even many, landlords will have mortgages to pay so don't have the flexibility to waive payments. Even if the banks freeze payments you can bet they will be still accruing interest! I have heard that banks that have deferred mortgage payments are still charging interest on the interest accrued during the deferral. It's not perfect but it's something. Here in Alberta we have been told that renters do not have to pay rent. The banks for the most part have deferred mortgage payments, but as said above, will charge interest on the interest. Hopefully we will be able to get back to work soon enough that these measures won't take too great a toll on everyone, but it's not looking good on that front.
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Post by 1chinesewhispers on Apr 12, 2020 14:02:27 GMT -5
They don’t ask for huge amounts . They get paid disability once a month . So at end of month is usually when they need help . If their meds are not covered , their pharmacist calls us for permission to put on cc . That is correct that they don’t have to pay rent . Fortunately my ex and I owe nothing . Yes paying the deferred payment will be tough .
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Post by snow on Apr 12, 2020 14:13:22 GMT -5
I feel for you Dan. Try negotiating harder. Who will he replace you with if he evicts you? If the bank forecloses who will they sell the building to? Can you meet with the landlord and the bank and work something out? Is there a chamber of commerce or some kind of small business advocate that can help you negotiate a solution? I think fixit has some good advice Dan. After all what business is going to afford to rent that space now if you fall behind on payments? It might even be that the landlord can renegotiate repayments to the bank between the low cash rate and QE going on. Matters of money are never fair, but it seems like it would be better for recovery on the other side of this if the pain was spread across the board. Also it may be possible that the landlord has had his mortgage payment deferred like some have and is still asking for rent? It would be worth checking into what fixit suggested. If he decided to close and no longer rent the place the landlord wouldn't be getting anything anyway and he would not likely get new renters any time soon. If he let it slide for one month he would keep his renter and that possibly would be better for him in the long run.
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Post by 1chinesewhispers on Apr 12, 2020 14:13:33 GMT -5
No you don’t have to pay rent in Alberta right now . The government wants the population to be able to eat . All utilities are deferred as well . I have 1 son-in-law who works . He is a glazer and the supervisor . So between him , my ex and I go over bills and pay . I personally live alone and pay rent . However the youngest couple pay a huge amount for rent . They are breaking their lease . We want them to live within their range now !
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Post by 1chinesewhispers on Apr 12, 2020 14:22:04 GMT -5
All 3 on methadone get a disability check . Jamie son-in-law works full time as a supervisor . When they request money we ask why every time ! I worked for City of Calgary . My benefits such as dental and meds are still covered by City of Calgary .
But yes the ones in the house where they live is out of their range . So we delivered them a ultimatum and they are moving . Not sure where anyone is from but in Canada 🇨🇦 the landlord has to put rent and dd in a separate account to cover things like this .
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