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Americans fear they can't pay back their debts, credit cards
(www.newsweek.com)
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this post was submitted on 17 Dec 2023
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Lets say you have no objective chance of ever getting a house and you have an apartment you probably can't be kicked out of.
How does it make sense to keep drowning and being miserable and nominally padding the bottom line of some random banks ledger?
Why not file and discharge, keep ur car/primary residence, and be done with it? Banks have everyone on this riduculous hamster wheel that even they would never tolerate, but ya, you're a deadbeat fuckup for demanding corporations dirty little trick creditors HATE...
Mind expanding on why you think this is a reasonable assumption? There was an eviction moratorium at the height of the pandemic, but that has been over for more than two years now. The required notice period for an eviction varies with jurisdiction, but generally isn't more than a month or two, and if you try to drag it out a little further by refusing to vacate and forcing them to take you to court, having an eviction on your credit report makes looking for future rental accommodations Super Hell™.
Might be speaking from a jurisdiction with stronger long-term tenant protections altho I'm glad you poked me to elaborate.
I want to caveat by saying mom/pop landlords (altho there's statistically some good ones) are a scourge on society because they open you up to various ridiculous externalities like personalty conflicts, playing games, renovictions ("my long-lost Nigerian son + lover needs the room --> to pay more in rent")
If it was the case I was renting from a mom/pop or solopreneur, I would never be able to sleep. Fuck that
This is the weirdest indirect bootlicking of soulless corporate landlord companies I've ever seen.
Also how would it be indirect, or did you just want to use that word context be darnd? I won't feign stopping you but it definitely adds more to the ol' curiosity pile
Au contraire, seems corporate rentals are far less able to quietly renovict. That is not a debate and if you imply otherwise you're inescapably incorrect unless everyone booted signs NDAs
Housing dies in darkness and for lack of publicity, mom and pop style. Lots of abusive "mom and pops" that kick their kids out at 18.
I mean this in the most politik way (to boot hehe), but you're going to have to fight me on this one comrade 😋, upvotes be damned
Edit: RIP, legal standards. Lets just leave it all to the gurantee of entropic charity
Nothing you posted actually addressed my question. ("Why do you think it's reasonable to assume people probably can't get kicked out of their apartments?") There is no jurisdiction with a longer notice period than 30 days for nonpayment of rent. Given that this thread is about Americans struggling with debts, your various complaints about "renovictions" and "mom and pops" as you're calling them are some nice straw men. We're talking about people being unable to afford rent here, and small-time landlords, while certainly not perfect, are equally if not more likely to display some humanity and actually work with someone who is struggling financially.
It's indirect because you likely knew you'd be ridiculed for praising soulless corporate landlords directly, so you chose to focus on how much worse "mom and pops" are instead and make your (irrelevant) point implicit. Or maybe you had some bad experiences with independent landlords and derailed yourself ranting about that before you could actually address the question?
Back to the actual topic, it's real hilarious that your proposed solution to your own hypothetical is "just file bankruptcy and keep your car/primary residence", you don't HAVE a primary residence to keep if you're a renter. Bankruptcy proceedings also cost time and money that someone who is already struggling with rent probably doesn't have...
One could be very generous and say that you just don't know what the fuck you're talking about, but I think you're just trolling tbh. Or way too high to be posting about serious topics.
You didn't answer the question
It works out for some of us. Pretty sure my landlord died of cancer and his brother is just taking the money now. Wrote myself a 5 year lease extension at the same rate, signed it, and mailed it to brother.
I still remember the moment that my wife told me she heard he died. I stomped the floor and yelled at it "hope it's warm enough for you mother fucker!". Hahaha. It's fun to pretend there is a hell sometimes
Bankruptcy sucks and I wouldn't recommend it except as a last resort, but if one's position is untenable it makes sense to avail yourself of every recourse. I have a friend who went through one and she's doing fine as far as I can tell. It's not like businesses are shy about filling Chapter 11 when it suits their purposes.
So…how would I create an LLC, and then transfer my debt to it? Asking for several friends.
I think you have to tell the judge you want the white rich person deal first. You know like Wall Street gets