The Soviets stared by destroying the landlords too
From the NY Post:
If landlords don’t get paid, NYC housing is headed for disaster
The ban on evictions undoubtedly helped many struggling New Yorkers these last nine months. But the state’s failure to account for landlords’ needs risks disaster.
After a new survey, the Community Housing Improvement Program, a group of owners and operators overseeing more than 400,000 units of rent-regulated housing, estimates that arrears of rent-regulated tenants in the city total $1.14 billion.
CHIP finds that about 180,000 such tenants are more than two months in arrears. That’s a fifth of all rent-regulated tenants; pre-pandemic, in February 2000, it was about one in 20.
Over 50,000 tenants owe more than $15,000, or over 11 months of the average rent amount. Of all renters in arrears, the average rent debt is $6,173.21, or 4½ months.
This money will never get paid back. People who cannot make rent now are not going to be able to come up with this much back rent. It’s just a financial impossibility.
This lack of revenue means landlords don’t have working cash for repairs, causing buildings to go into disrepair.
Then there is this:
Meanwhile, property owners were already behind over $500 million in property taxes before another $13.7 billion was due in early January. Some landlords can’t keep up with maintenance costs.
The government always gets theirs.
You have buildings that are approaching the point where they are not fit to be lived in by housing standards. You have landlords way behind on property taxes.
What comes next?
Mass government seizures of property, with buildings or lots then being sold cheap to the few well connected property managers or banks that are buddy-buddy with politicians.
The landlords are destroyed and the property goes into the hands of cronies.
This is what happened in the Soviet Union, Maoist China, and North Vietnam.
It’s now coming to New York City.
Elect a Marxist mayor, get Marxist governance.
That city will be the Caracas of North America in five years.
Operation Barbarossa or the importance of studying history for those in the Military.
I am going to steal from J. Kb’s post
Biden’s defense secretary pick pledges to ‘rid our ranks of racists and extremists’
Retired Army General Lloyd Austin said on Tuesday that he would work to rid “racists and extremists” from the ranks of the U.S. military, mend alliances and focus strategically on China if confirmed as President-elect Joe Biden’s defense secretary.
Austin would become America’s first Black defense secretary and has declared his intention to improve diversity within the U.S. military, which is diverse in the lower ranks but largely white and male at the top.
“If confirmed, I will fight hard to stamp out sexual assault, to rid our ranks of racists and extremists, and to create a climate where everyone fit and willing has the opportunity to serve this country with dignity,” Austin, 67, said at his confirmation hearing.
And now we go back in time to June 1941 and a little thing called Operation Barbarrosa, Hitler’s invasion of the Soviet Union. Now, Hitler and Stalin had signed an non-aggression pact not too long before, and history guesses Stalin thought along the lines of former (by then) British Prime Minister Chamberlain and thought himself covered with promises of peace.
Hitler being the cunning animal he was, figured out the Red Army was weakened enough to have Russia be an easy target and launched the attack. Why did Hitler think so? Because for 1937 to 1939 Stalin engaged in a great military purge which eliminated most of the best and brightest the Soviet Army had including Mikhail Tukhachevsky who had fought to bring the Soviet Armed forces to the behemoth they eventually became in WWII and beyond.
As a kid, I remember looking in a book a photo of a destroyed panzer just barely 20 miles outside Moscow. It was left there as a reminder how close the Nazis were of conquering the capital of the country, something that should never had happened, but did because the Red Army was by then purified from the alleged “enemies” of the Soviet Union. According to the Smithsonian “More than 800,000 Soviets (soldiers) had been killed, and an additional 6 million Soviet soldiers had been wounded or captured.” And that does not include the civilian population killed and the massive destruction of property and crops as the Soviets burned everything during their retreat as to deny the Germans anything they could use for supplies.
And all of that came about because the need to have a pure-thinking Red Army that conformed to the political needs of the Party. We still face enemies in the form of Terrorism and Countries but the incoming Administration already announces we are about to purge our like of Defense to make it look pretty and welcoming to all nice peoples.
Feeling better now?
NARA/U.S. Department of Defense
Discrimination in banking is good as long as it’s against Conservatives
IT’S BACK: THE POLITICAL STRUGGLE FOR CONTROL OF BANKS’ LOAN TAPS
In its final days, the Trump administration is seeking to disrupt the way progressive activists increasingly impose their will on big business: through banks controlling the loan lifelines to the economy.
A regulation just finalized (update) aims to prevent lenders from blackballing businesses in industries opposed by the left by requiring banks to demonstrate that their loan decisions are “based on quantitative, impartial risk-based standards,” rather than political or reputational concerns.
The proposed Fair Access to Financial Services Rule (FAFSR) is a response to successful pressure campaigns waged by environmental groups and congressional Democrats, which culminated in every major American bank refusing to finance drilling projects in the Arctic National Wildlife Refuge (ANWR), despite such drilling being authorized by President Trump in 2017.
Bryan Hubbard, a spokesman for Office of the Comptroller of the Currency, told RealClearInvestigations that the rule codifies longstanding OCC guidance on banks’ obligation to provide equitable access to their services, and will ensure that banks are not “terminating entire categories of customers.”
The rule has been published in the Federal Register, but it may be short-lived with the end of Trump’s term. Many Democrats oppose the measure and they will have 60 legislative days to disapprove the rule by a simple majority vote, as provided under the Congressional Review Act.
Originally this change was made to stop banks from denying loans to the oil and firearms industry on political bases.
Hubbard of OCC emphasized that banks receive federal deposit insurance and are given “the privilege of a national license to operate,” a license that he claims imposes on banks certain obligations. Banks have a duty, Hubbard said, to provide proportionate access to financial services, even for clients involved in legal but politically controversial industries.
This is key. Banks should not allow political whims to decide who gets loans and who doesn’t. This was the foundation of redlining and other discriminatory practices that harmed the black community, where banks considered factors other than financial risk – namely skin color – when making loans.
The Democrats, once again want to return to the era of Jim Crow, where banks are allowed to discriminate, not on the basis of skin color but of political allegiance.
We know that if (when) this is reimplemented, it won’t be just gun companies or small gun stores that can’t get business loans. At the rate at which the boot is coming down, it will be taken to the personal level.
Did you use a credit card to renew your NRA membership online? That card is now canceled.
Did you donate to the Trump campaign? Now you will be declined for a mortgage.
Did you post MAGA on Facebook? Now your credit score got knocked down a few hundred points.
There are a million-and-one ways that your personal finances can be negatively affected by politicized banks.
This is just another means of unpersoning Conservatives, make them unable to engage in regular finances.
