Los Angeles Cancels Rent and Will Create Foreclosures. Govt Will Buy Up the Houses.

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The Los Angeles Eviction Moratorium has been extended again until January of 2023. A new piece of legislation proposes to extend the eviction moratorium until June of 2023. Rental units will become more scarce. If renters fail to pay landlords, landlords may not be able to cover their mortgages and their homes will go into foreclosure. The video creator said that this model will spread across the country.

California has a new law, SB 1079, that purports to level the playing field when it comes to bidding on properties; however, it is really a way for the government to get a piece of the action. SB 1079 states that if an investor wins a foreclosed home at an auction, other people, non-profit organizations and the government get 45 days to submit competing offers. The foreclosure crisis is going to lead to more opportunities for government intervention.

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m.raz
m.raz
25 days ago

hovoria o rusku ale pekelnici nam pripravuju vojnu proti mohamedanom LETAK na ulicu If we want to take over the government we have to give the people more than promises. We have to guarantee that our government will not dominate the people but serve the people. The guarantee is going to be given in the form of a declaration signed by every member of the government and every state employee stating that if I betray the nation, if I steal from the nation, if I do anything fraudulent knowingly I do Know and accept there will be only one punishment, death.… Read more »

Joe in Missouri
Joe in Missouri
25 days ago

This country was started to protect property rights…..
Now if it the main cause of their destruction.

Ragnar D.
Ragnar D.
24 days ago

An eviction moratorium interferes with private contracts between landlords and tenants. What the government is telling landlords is that they don’t really own their properties. Rather, the government owns everything. The landlord’s name will be on the piece of property, and he will still have to pay for all the upkeep and the property tax (i.e., rent to the government for the privilege of “owning” your property). As the society collapses as a result of socialism, it’s only natural for the socialist looters to try to grab as much power and loot as they can.

Kent Lewiss
Kent Lewiss
22 days ago

If renters fail to pay landlords, landlords may not be able to cover their mortgages and their homes will go into foreclosure………….. been predicting this for years, all a set up, all intentional, all part of UN Agenda 21

Ned
Ned
22 days ago

“You will own nothing and be happy” is what they are really pushing.