Seriously? Americans wouldn't go for that at all. That's not something you need to worry about- unless you're not paying attention to the legislations they're trying to pass during this time of emergency.
TeaNCoffee Oh im paying attention. Look at the communities that are supported by the government and see how well they are doing. I’m not saying there aren’t answers, and stop gaps are necessary, some of these measures are necessary, but the catch for using the government assistance is astounding. Give everyone free money (from where? Our $13T deficit?) give businesses loans that are “forgivable” only with the most meticulous accounting practices, and a 1 year repayment if not accounted to their liking (on up to $10m? That payment will bankrupt anyone who swallowed that pill) Mortgage forbearance with all missed payments due immediately after the forbearance period, and you can’t apply for a loan or refi for 18months after? Oh the government will take over your mortgage payment, but you can’t raise rental price for 5 years (but they only cover up to a year of your costs, not including taxes and insurance), I already forgot the catch to personal property, but I know it’s there.
I agree its going to be one for the books. But it sounds like you are against helping out people struggling? Not all the proposals are crazy and they are just proposals aka a starting point. Should we just bail out billionaires and giant corporations and hope trickle down economics will work this time even tho its never worked in the past? There seems to be a major disconnect in reality between those who have money and those that dont. Instead of sounding like a rich d-bag maybe try putting yourself in the shoes of someone who was working 2 jobs just to make ends meet and has lost both jobs. Show a little empathy and maybe you wont come off so elitist and heartless next time you post something stupid in the comments section!
Cody Steck - Money And Real Estate my buddy told me about this yesterday I thought he was kidding Even the idea of people mentioning it or even talking about something so outlandish at loud is just nuts 🥜
I'm sorry to tell you giving everyone 2k will be the WORST thing ever happening to our country and the U.S dollar! it is CRAZY what these feds are discussing...
Probably because the mortgage payment is less than $2k a month so the mortgage would be paid for instead of just paying for it using earned funds... but I do agree with you on having the 2k over no mortgage
Well in all honesty where do you think this money is really coming from? I doubt it being pulled from anywhere good like from where it is being abusively spent. I bet it is being printed so inflation happens alot more
I’d love to have the rent freeze for selfish reasons, however, my boyfriend and I were not laid off and are still working (so far). We would continue to pay our landlord because he does own our townhouse and it’s only right.
I will still be paying my rent. I prepared for years in case something like this would happen so my landlord better never raise my rent but hopefully I’ll be buying a house at a nice discount in a year or 2.
The chancellor in uk 🇬🇧 states quite clearly don’t be fooled into thinking he won’t be wanting ALL the money handed out back and probably with significant interest
Gotta keep that mortgage bubble inflated at any cost. I believe this phase is called "going tilt". Everything they do encourages financial irresponsibility while punishing those who have been responsible.
@@Amathews625 correction.. a future contract of oil is trading negative, not oil (crude)itself.... and also, that has nothing to do with the virus (or mostly) the top 2 crude producers in the world are fighting each other to see who's penis reaches the 4 inch mark, overproducing like idiots, meanwhile there are lockdowns worldwide making demand of it very low..
Might as well forgo being responsible with money this point forward? Personal accountability is dead. Imma go buy me a BMW and $750K house. If I can't pay, the other taxpayers and government will come to my rescue and tell me I don't have to pay! People wonder why no one learns anything and this stuff keeps happening.
Actually, those not in debt and have savings, I've benefited the stock market crash to roll dividends into very low priced stock. The stock I bought at the low is up 15% in one week and the dividend will be paid next month. The dividend is 7% of what I paid for the stock. At that rate, in one year dividends will pay 42% of the stock purchase price. After 3 years it will have paid more than what it cost me to buy. Forget those ads on TV for banks paying high interest rates of less than 1%.
@@lilydinh6059 It's not bad news, it's terrible news! This is coming out of our pockets. America just keeps digging a bigger economical grave for itself. Just let the market crash so I can buy multiple properties and become a millionaire already, damn it. Lol
It’s amazing how many Americans are so reliant on a paycheck for such a truly short term problem. I hope this wakes a ton of them up for what can happen possibly in the future like this and to be prepared.
Hard to be prepared when jobs in any given area dont pay enough to offset the average cost to live in that same area. Outside of the select that have a booming career which aren't the majority its alot harder to prepare for this sort of thing. Take a teacher for example...everyone knows they're underpaid by a ton and 9 times out of 10 make just enough to get by in their area. How do you suppose they prepare for being off work 6 months to a year with no pay?
it's not that Americans are reliant on their next paycheck to survive... it's that the entire economy is reliant on most Americans spending every last cent that they make for the economy to survive... the entire economy is BS... the financial system is a complete fraud... so we can start there... if people started saving for a rainy day the economy will flatten... note, i completely understand that people SHOULD be saving for a rainy day... unfortunately, our current economic system would not survive if they did.
Good luck with that. People don't know how to save a dime and pinch for hard times. Most everybody live WAY outside of their means and anything less is pure culture shock.
Hey, the government has to have a place for all the criminals they're letting out of prison before their sentences are served to live. Movin' outta the Big House to your house, problem solved!
Also must make unit available for government assistance programs. Basically if you want your rent the government will not let you increase rent for 5 years and turn your rental into the projects
Howard A what I say is the government is doing exactly what you the people give it the oaky to do and now you not sure who’s bobbing their head up your Ass the government or you 🤣here’s truth go behind the vail of illusion and find out how deep the rabbit 🐇 holes go after that if you want true reality go to my RUclips channel I will show how deep the rabbit 🐇 hole is
Easy solution; put an upper cap on the freeze. Say 4000/month (or some other arbitrary number) which any rent above that number would be paid (rent of 5000/month would mean you'd pay the left over 1000). As for those that own their homes, you could ask for some evidence of a past mortgage and reimburse them for monthly mortgage payments as a way of making their responsibility not seem useless.
I was in high school during the 2008 recession so I didn't really pay attention to what was going on so it's pretty crazy to see everything unfolding and what's being proposed.
I own a rental free and clear....so my choices would be to pay my expenses out of pocket for a year....or sell my soul to the government for 5 years....I hope to god this doesn’t pass. I need a drink 🥃
I don't understand how the government can come in and tell us that we have to let people live in our properties for free. This goes against everything America is founded on.
It's Mandy I completely agree it’s like ohhhh okay so I payed off all my stuff and now my tenants think they don’t have to pay anything like wow really!
Brooklyn Heretic yeah just like this guy said. You have to figure out the game fast. This is a good time to buy a house if they are really going to let you get away with not paying your mortgage.
Yeah I called about the 12 bedroom 6 bathroom California mansion with an Olympic swimming pool and helicopter pad for rent and told him I will be moving in for my free year and he told me it was not available for rent any more. So I am taking him to court because he is discriminating against my income.
@@cosmicnous7772 no, no, no, you forgot to couch hyperinflation into a politically correct term, like Zimbabwe or Venezuela or Brazil or the Wiemar Republic did. I believe they all called it "quantitative easing" in the beginning
Why would it be fair to cancel student loans? That’s like canceling credit card bills that you acquired. We paid off $52,000 in school loans for my wife in about six months after having to start paying them. Live modestly and it’s possible to payoff your loans. I don’t have a college degree so education has nothing to do with income.
The obsession with being "fair" is what will ruin us. And you know damn well they're talking about these interesting times where people are being legally prevented from working. Thus it would make sense to forgive loans that people were manipulated into taking out as a minor.
Yeah, and it certainly doesn't help that there's a huge five year penalty if you take their rental help. I'm lucky to still have a mortgage, so at least not having that would offset the cost, but my long term plan was to eventually live off rental income, so I can imagine how it would feel to finally achieve that only to have it taken away.
As a financial nerd, you’re the bomb 💣, I will say, I think plans that seem too good to be true always are. People never take into account how much money these programs will cost and how more debt we will be adding to our national debt, creating a bigger burden on future generations to pay off.
This is what I would call “putting the cart before the horse”. Throwing around a lot of money without actually getting the funding first. Like using a credit card even though you have no money in your bank account...and no job
That’s a form of means testing. They will be rewarded by not having a neighborhood full of empty houses. Sudden property value drops. Schools underfunded, and crime starts up. We are all connected. Never forget hat.
@@ew25 The stupidity, immorality, laziness, and selfishness of this country is what is gonna cause it to fall. The Greeks and Romans fell for the exact same reasons. You can only "be on top" for so long before it does you in. I don't know how anyone didn't see this coming.
Use this money wisely guys. In Europe, we don't have this but in some countries (including mine) the government will pay out a portion of your salary instead. So it's basically the same. If you receive this money don't blow it! I actually made a video on how to save money but of course graham is the master in this! 😅
lmao. especially now that I'm moving out of my place and will have to stay a month in friend's place before it's safe to look for places here in NYC. I might as well go straight to the fancy freshly minted properties out in Manhattan. Most are investments, so why not have me live there as a free tenant? :D lmao
The Fed can print money. The check is definitely coming in the mail. The only thing they can't guarantee is the purchasing power of the money they print
@@htatesil4192 Taxes will go up anyway when the state tax coffers get obliterated by the economy grinding to a halt. Middle and upper class will pocket the money. The much larger working class/poor will inject that money right back into their local economies. Either that , or we go through another multi-year recession. (or worse)
kbruns33 Taxes going up anyway is not an excuse to just make it worse by spending even more money. But hey don’t let economics teach you, just your raw emotions.
I was in the middle of completing step 2 of Dave Ramsey baby steps. Not lying if this happens it would be a major plus for me to get out of step 2 and never look back.
Anthony Dave Ramsey will be mad about this. He owns all of his properties outright so he will lose rent without having a mortgage to skip on He is exposing himself a lot in this crisis as just a rich boomer He’ll try to justify it as a bad thing. Guarantee GOP jesus loves money more than people
@@aightm8 this program is bad for pretty much everyone. If it did pass it really wouldn't effect him either way directly, his revenue streams are diverse enough, I doubt he's taken anything but a small hit. The way it would effect him, and I could see him reacting to, is the government crashing the economy by pushing out too much money.
@@zachmusic4511 But Freezing rents and mortgages doesn't pump money into the economy and cause inflation. In fact it increases people discretionary income. This essentially falls back on the banks as the losers in this scenario (and landlords who own their properties outright). However they both benefited hugely from the 08 financial crisis and the taxpayer bailouts, so it working in reverse is not something anyone should feel guilty about. Banks have much stronger balance sheets now - they can take the hit
V B What? Do you not know economics? You think that giving money away like it’s candy will not have repercussions? Helping companies that employ people is not the same as giving away money willy nilly to the neighborhood drunk. Now I am not in favor of bailouts either but dude get real. You must be one of those who sees free money and do not care that it came from a guy who just stole it from the family down the street. Think before acting my friend.
I think it's just going to make us stay in a negative feedback loop. If I'm poor I'm scorned at if I'm rich I'm scorned at. When will we be able to see equal ground. Democrats need to be more coherent. We need to prioritize we don't live in a damn Utopia! I'm 20 and I want to get hired. This is how bad it is. People need to stop living in the moment and think about the aftermath effects. It's a bill so it doesn't have weight until trump states his final word!
This REWARDS the people that just pay down the mortgages just enough to get NEW mortgages and NEVER plan on PAYING DOWN their Home Loans. This REWARDS and ENRICHES the MANY people who NEVER plan on PAYING OFF their MORTGAGES, they just continue indefinitely getting new home loans, effectively using their house as an ATM CASH machine.
So what do you propose ? Massive homeless camps? Starvation and more chaos? This is an unprecedented time that could literally set the world back to the 1920s. Let's do that... Thank you, but not my idea of fun.
Here’s a thought: How about forgiving 12 months of Covid-related medical bills, instead? Let the insurance companies absorb the costs, not us small landlords.
Money will never go to “the people who actually need it” offering it to everyone is just sweeteners for appeal to those in power or politically risk adverse. I’d love to see the effect of these numbers in terms of cash flow instead of value. Your next money crunch challenge Graham! How fast would a new grand in peoples pocket every month for a year stimulate the economy?
I definitely agree that they should be targeting people who actually need the money (Aka things like unemployment programs and such). For example, I'm a software engineer working for a defense contractor (aka essential worker #Merica). Do I need any of this relief? No. Will I say no to $1200 and free rent? No. But that money really should be going to someone who actually is adversely affected by this.
I work for an essential company and my salary was cut because I’m not as essential as hourly workers and my company is losing money (med device company). I don’t think people like me should be excluded.
@@HylianVamp based on what he said u wouldnt be excluded. He said money should only go to programs like unemployment etc. I completely agree. Its stupid that im getting this money when im still working and getting paid same amount as before. If ur hours r cut u would qualify for partial unemployment. Please look into this if thats ur situation!
another avenue to consider is: by taking this route, it might be cheaper in the long run to make the rules simple and easy to administer, than setting up complicated hurdles and conditions that require real man-hours to apply, check, and cross reference. especially since so many are going to need it
I rather have the $2000 monthly. My rent is shared and would save me tons of money. It's still so sad on where we are at. Never thought we would live through such a time. I hope everyone is taking care of themselves through this time. Sending lots of prayers to everyone. 🙏
Section 8 housing basically requires the landlord to negotiate with HUD on the amount of rent received. So not only will you not be able to raise your rent for 5 years, you will likely need to decrease it and end up with a tenant who will trash your property. Not to mention extra inspections to remain qualified for the programs. This is very bad indeed.
I feel like for a lot of people who rent a room or a house from a landlord, it's going to cause tension. Imagine telling your landlord straight up that you don't have to pay them rent anymore because of a stimulus package.
Inflation usually happens when there is excessive demand. The economy is crashing because of a lack of demand, just like during the Great Depression when GDP went way down and unemployment went up to 25%. Right now, deflation seems more likely. There could be a lot of oversupply in some sectors as we slowly get back to normal. If we could just go back to 100% overnight, it might be different. That doesn't look like the plan right now. Inflation actually might be good, because it would let interest rates go up safely - something we haven't been able to do because the government doesn't want to increase their interest payments on the debt. If they would use this extended time to refinance the country's total debt at a lower rate, maybe it could be a win in the long run - and even be an indicator of the recovery; since inflation is usually seen as a sign of a healthy consumer class - i.e. too much money chasing too few goods.
You keep scaring me, I was afraid this might be real. Fortunately it is still, just an insane proposal conjured by the politically half-minded.The American Idiocracry was thoroughly documented in a brilliant Hollywood film, which doesn't need a sequel quite yet. How would this help anyone I know, who are: 1) Working with full-pay as normal 2) Not working (sitting at home) with full-pay 3) Collecting so much unemployment ($1050/ week), that they have no incentive to pursue alternative work. There is too much currency floating around right now, and so many businesses closed that is difficult to spend it all. Homeowners should be fine covering their mortgages for as long as tenants pay their rent. If rent and mortgages stops who covers the property tax, utilities, insurance, repairs, maintenance, depreciation? Further down the rabbit hole with another relief bill?
Thats what i was thinking. All the smart renters would become home owners a year from now. Thinking of it that way in the future this might help the housing market and lower the cost of renting allowing more people to rent within their means, maybe taking some weight off of government assistance programs.
Son:Mom, I have to write about a hard time in our country’s history. What happened in 2020. Me: *stares out the window with my 20 cent iced coffee* son , we don’t talk about 2020.
James Corbett of the Corbett report wrote "A Letter to the Future" for the kids and grandkids of the future. Then he read it on his youtube channel today. So sad.
I have been watching Graham Stephen now for about three years in 2018 I bought my first home at the age of 20 all of that due to the fact that I have learned so much from Graham all of his videos and I’ve decided to do the same thing to share my experiences on RUclips for people to learn from
I thought the GOP was the party of conservatives not spending any money. What a double standard. I don't know how to solve the impact on businesses, but the $1200 stimulus will do nothing.
Honestly it makes more sense to just do the 2k a month until the quarantine is lifted maybe a little bit of a buffer at the end while things ramp back up.
Thanks for always keeping us in the loop with what’s going on. I’m a landlord and small business owner. I’m currently relying on my rentals to help me cash flow through this pandemic. If this bill goes through I would most likely be out of business before the year is over.
I’m always happy to get free money, even though I still have my job and can pay for everything. But even if I directly benefit from it, I still have the opinion that it should go to the people who actually LOST their income. Once they are fine, we can talk about giving money everyone to kickstart the economy.
Someone else said if you can afford to pay your rent it would end up just paying the national debt rather than the rent. Idk if it’s true but if so that’s fucked.
A rental agreement is a contract and article 1 of the U.S. constitution prevents the government from interfering with contracts. If the law passes it will be deemed unconstitutional by the courts.
Sen McQuire wow! I have not been to Walmart in weeks. I’m very sure it happened in my area. I’m in a large military town and from what I heard, people were out there more normal than a regular military pay week. I try to avoid those weeks because it’s aggravating. They got their regular pay plus the stimulus checks.
It seems like the $2000 a month would also be easier all in all. Sure it would be more expensive, but none of these issues would arise. Worst case the government gives money to people that don't need it. Seems the good it would do would outweigh the slight waste.
Graham, I’ve been a big fan of your videos but lately they are lacking deeper analysis. For example this one you fail to talk about how the US runs a deficit and to facilitate this bill we would need to take on additional debt and/or print more money. This would likely lead to hyperinflation. I get you are trying to keep your videos as non-political as possible but people need to understand how detrimental something like this could be to the country.
Wrap your heads this then. MONEY is a completely made up thing. Made up completely. Said it twice in case you didn't hear me the first time. You guys need to relax, and be glad you're not gonna starve because of any of this. Not by a long shot are you two gonna suffer one lil bit(but alot of people are, and will still. As this thing is far, far from over). Fact is the government having 20 plus trillion in debt is all an illusion(just #'s on someone's spreadsheet somewhere none of us will ever see). Its about like one of you rich guys(net worth over say idk 4-5mil) owing 40-50k. Its really no big deal when you have a gdp of 20-23 trillion. Like no big deal at all. All made up anyway in case you didn't get that b4, above.)
Imagine everyone in your household being laid off or forced to close the doors to your business...but still having to pay bills and buy food... I guess the landlords are starting to feel what a majority of their laid off and locked down tenants are feeling: PRESSURE.
Graham, Oil prices have dipped to all-time low's, people are trying to find a way to Invest into it and buy the dip, but most of them do not know how, can you make a video explaining the historic drop of oil and how to benefit from it financially? Best regards
Open up. That's all. Quit being so afraid of getting sick, so your fellow humans can regain their livelihoods. C19 isn't what weve been told. MSM is politicizing fear. Unless your really old and/or morbidly obese, (which, btw, those folks who are old or obese, are susceptible/in more danger of, contracting ANY illness) Get out of the house. Stop living in fear, and turn off the tv. That's how you invest. Stop waiting for people to give you permission to live your life. Its f***ing pathetic.
I really appreciate your empathy for others Very few people do have that and even more are proud to say how they are planning to take advantage of these government programs even when they don't need it👏👏
America as we perceived it, died in 1911 with the formation of the federal reserve. It was an underhanded event that robbed us from the freedom of their god.... Money is his tool/whip/bondages. Now, under lockdown, no one can be like Christ. You cant visit the sick, you cant gather in public, just hide in your house and give all power God gave you to someone else. Become a slave. FOr the better of mankind. ANd those leftists whove bashed corporations for their wealth... Guess what? In this shutdown, those corporations are the ONLY ones making money. But cnn…. ugh. The truth is easy to find. But many don't seek it.
I'm a landlord too. But even with a one year forgiveness of rent and mortgages, I still have to pay insurance on the properties, taxes on it, repairs, maintenance and etc. For some landlords who pay utilities themselves, this leaves landlords on the hook for hundreds of dollars a month just for utilities alone. When the year is up, the mortgage is still due. While the tenant got to stay rent free for a year even if they were working, the landlord got no breaks. Only if it can be written off in expenses can he/she hope to have any benefits, but it still won't be much, and will not cover out of pocket expenses.
This really makes me worried. A government big enough to give you everything you want, is big enough to take away everything you have.
Whew!!! I felt that...You nailed it with this comment!!!
The flies still want the honey
right because that's what's happening is canada, sweden, and all of europe.
Seriously? Americans wouldn't go for that at all. That's not something you need to worry about- unless you're not paying attention to the legislations they're trying to pass during this time of emergency.
TeaNCoffee Oh im paying attention. Look at the communities that are supported by the government and see how well they are doing.
I’m not saying there aren’t answers, and stop gaps are necessary, some of these measures are necessary, but the catch for using the government assistance is astounding.
Give everyone free money (from where? Our $13T deficit?) give businesses loans that are “forgivable” only with the most meticulous accounting practices, and a 1 year repayment if not accounted to their liking (on up to $10m? That payment will bankrupt anyone who swallowed that pill) Mortgage forbearance with all missed payments due immediately after the forbearance period, and you can’t apply for a loan or refi for 18months after? Oh the government will take over your mortgage payment, but you can’t raise rental price for 5 years (but they only cover up to a year of your costs, not including taxes and insurance), I already forgot the catch to personal property, but I know it’s there.
*Free rent, free money, free oil, if only we could get free iced coffee out of this too.*
Iced coffee futures up 420%
😂😂
Ya iced coffee inflation
And avocado toast, don't forget the avocado toast, man!
Free cars? Hey, I tried.
Never thought I’d say this but, It’d just be better to do the $2,000 a month
2020 is going to be one for the books with all of these absolutely crazy proposals coming out lol.
Agreed
@@GrahamStephan Seriously it is insane!
@@GrahamStephan So on my morgage can I only pay the principal ?.... and not the interest?.....
I agree its going to be one for the books. But it sounds like you are against helping out people struggling? Not all the proposals are crazy and they are just proposals aka a starting point. Should we just bail out billionaires and giant corporations and hope trickle down economics will work this time even tho its never worked in the past? There seems to be a major disconnect in reality between those who have money and those that dont. Instead of sounding like a rich d-bag maybe try putting yourself in the shoes of someone who was working 2 jobs just to make ends meet and has lost both jobs. Show a little empathy and maybe you wont come off so elitist and heartless next time you post something stupid in the comments section!
Cody Steck - Money And Real Estate my buddy told me about this yesterday
I thought he was kidding
Even the idea of people mentioning it or even talking about something so outlandish at loud is just nuts 🥜
i'd rather receive $2K a month to be able to pay my mortgage payment rather than not pay my mortgage for a whole entire year
yep, most probably would!
I'm sorry to tell you giving everyone 2k will be the WORST thing ever happening to our country and the U.S dollar! it is CRAZY what these feds are discussing...
Probably because the mortgage payment is less than $2k a month so the mortgage would be paid for instead of just paying for it using earned funds... but I do agree with you on having the 2k over no mortgage
Bryan Kim Maybe not everyone $2K but definitely the people that are laid off right now and can't go to work
Well in all honesty where do you think this money is really coming from? I doubt it being pulled from anywhere good like from where it is being abusively spent. I bet it is being printed so inflation happens alot more
I’d love to have the rent freeze for selfish reasons, however, my boyfriend and I were not laid off and are still working (so far). We would continue to pay our landlord because he does own our townhouse and it’s only right.
Me Too, Round of Applause to all the Honest people!!
Yes... & we’ll all enjoy the national debt all the same.
I will keep paying mine as long as I can ,I signed the lease .
I will still be paying my rent. I prepared for years in case something like this would happen so my landlord better never raise my rent but hopefully I’ll be buying a house at a nice discount in a year or 2.
@@justinquitadamo with that positive attitude their is No way You can't Make it!!
Its terrifying how many people think this is actually "free" money
100%
The chancellor in uk 🇬🇧 states quite clearly don’t be fooled into thinking he won’t be wanting ALL the money handed out back and probably with significant interest
It is even scarier that not only are they allowed to vote, they are actively bribed by our politicians and bussed to the polls.
@@ashtonw9931 source
Goddess Phoenix Sapphire Arises under inflation, actually.
2020, the year where everything and everyone is cancelled
:O
annnd you're cancelled.
aannd now I'm cancelled
Except Tik Tok
Thanks China!
Gotta keep that mortgage bubble inflated at any cost. I believe this phase is called "going tilt". Everything they do encourages financial irresponsibility while punishing those who have been responsible.
Exactly ! First Capitalism now DEBT-ISM !
Imagine having Graham as your landlord and he says, "Listen now that you don't have to pay rent, just smash the like button."
😅
Or smash something!🤣🤣🤣💪🏾💪🏾💪🏾👊🏾🦍#Realovertake
Those who can afford to pay their rent will end up paying the national debt even though they didn't get any benefit. This is crazy
jchc VV that’s true, it’s only American oil futures that are negative.
@@Amathews625 correction.. a future contract of oil is trading negative, not oil (crude)itself.... and also, that has nothing to do with the virus (or mostly) the top 2 crude producers in the world are fighting each other to see who's penis reaches the 4 inch mark, overproducing like idiots, meanwhile there are lockdowns worldwide making demand of it very low..
Might as well forgo being responsible with money this point forward? Personal accountability is dead. Imma go buy me a BMW and $750K house. If I can't pay, the other taxpayers and government will come to my rescue and tell me I don't have to pay! People wonder why no one learns anything and this stuff keeps happening.
Actually, those not in debt and have savings, I've benefited the stock market crash to roll dividends into very low priced stock. The stock I bought at the low is up 15% in one week and the dividend will be paid next month. The dividend is 7% of what I paid for the stock. At that rate, in one year dividends will pay 42% of the stock purchase price. After 3 years it will have paid more than what it cost me to buy. Forget those ads on TV for banks paying high interest rates of less than 1%.
Aundre Mathews bro oil was negative but quickly rose above $0 afterwards..
"Everybody is elegible for this, even you watching this" - Cries in mexican
@jchc VV i am watchung from another country,Can i be a part of this too?
Not everyone should be elegible.
Awebooooooo
Eligible
My NIGGAS(I. MY DENZEL VOICE). 💪🏾💪🏾💪🏾#Realovertake
These proposals getting crazier by the day 😂
I know!
Yep. Is anyone not worried about this or is this just me. I hear from a lot of ex military guys this is bad news.
@@lilydinh6059 It's not bad news, it's terrible news! This is coming out of our pockets. America just keeps digging a bigger economical grave for itself. Just let the market crash so I can buy multiple properties and become a millionaire already, damn it. Lol
Caleb Alcorta amen 🙏 so confusing to follow all of these proposals..........
Anything that involves rewarding failure is bad news. Not because i want it to be, nature just doesn't allow it.
It’s amazing how many Americans are so reliant on a paycheck for such a truly short term problem. I hope this wakes a ton of them up for what can happen possibly in the future like this and to be prepared.
Hard to be prepared when jobs in any given area dont pay enough to offset the average cost to live in that same area. Outside of the select that have a booming career which aren't the majority its alot harder to prepare for this sort of thing.
Take a teacher for example...everyone knows they're underpaid by a ton and 9 times out of 10 make just enough to get by in their area. How do you suppose they prepare for being off work 6 months to a year with no pay?
Many people live hand-to-mouth and can’t prepare for a pandemic.
it's not that Americans are reliant on their next paycheck to survive... it's that the entire economy is reliant on most Americans spending every last cent that they make for the economy to survive... the entire economy is BS... the financial system is a complete fraud... so we can start there... if people started saving for a rainy day the economy will flatten... note, i completely understand that people SHOULD be saving for a rainy day... unfortunately, our current economic system would not survive if they did.
It shows just how much of the economy is held up on a string and not just personal income but businesses too
Good luck with that. People don't know how to save a dime and pinch for hard times. Most everybody live WAY outside of their means and anything less is pure culture shock.
"A landlord can't not discriminate how a tenant gets their money"
Drug dealees: Boys we gettin a new house
Hey, the government has to have a place for all the criminals they're letting out of prison before their sentences are served to live. Movin' outta the Big House to your house, problem solved!
🤣🤣🤣
Dealers*
Also must make unit available for government assistance programs. Basically if you want your rent the government will not let you increase rent for 5 years and turn your rental into the projects
@@commonsense7803 The government is 99% criminals though lol
Debt, debt and more debt. This country will never get out of debt. They’re just putting it on the backs of the taxpayers. 🤦♂️
there's nothing more American than copious amounts of debt
That's as planned. The sucker's just think they can turn this around
The government is like a drug addict with a no limit black card on skid row.
Howard A exactly
Howard A lol
😂
I wish this was a joke... Too real
Howard A what I say is the government is doing exactly what you the people give it the oaky to do and now you not sure who’s bobbing their head up your Ass the government or you 🤣here’s truth go behind the vail of illusion and find out how deep the rabbit 🐇 holes go after that if you want true reality go to my RUclips channel I will show how deep the rabbit 🐇 hole is
Easy solution; put an upper cap on the freeze. Say 4000/month (or some other arbitrary number) which any rent above that number would be paid (rent of 5000/month would mean you'd pay the left over 1000).
As for those that own their homes, you could ask for some evidence of a past mortgage and reimburse them for monthly mortgage payments as a way of making their responsibility not seem useless.
I was in high school during the 2008 recession so I didn't really pay attention to what was going on so it's pretty crazy to see everything unfolding and what's being proposed.
Same lol was a freshman in 08 I just cared about smoking weed and playing world at war nazi Zombies
Watch gold/silver, it's gonna skyrocket to the moon. And also oil stocks. & cryptos too.
High school. I’m in high school and i can very clearly see what is going on. Damn what was your generation doing in high school
I lost my house. It sucked. This is crazy, seriously nuts
CloudDayLight honestly
Graham: “Everybody is eligible. Even YOU watching right now.”
Me: *Living in the UK*
Nikola S. migrate before this proposal gets accepted!
What is the uk doing about people paying rent?
Jasmine V mortgage owners can defer payments for 3 months that’s all so far
Me being 17
He literally said “living in the United States”...but you know...comprehension...
Graham: teaches people to live free
His tenants : *watches video and learns to live free
Graham: 😩
Aundre Mathews really? he is a socialist? how
Not Really. A competent landlord also rents.
Aundre Mathews his big mansion? 😂😂😂 dude lives in a 900sqft duplex
@@mrcarterfx885 He does? So do I! So relatable.
I own a rental free and clear....so my choices would be to pay my expenses out of pocket for a year....or sell my soul to the government for 5 years....I hope to god this doesn’t pass. I need a drink 🥃
I don't understand how the government can come in and tell us that we have to let people live in our properties for free. This goes against everything America is founded on.
It's Mandy I completely agree it’s like ohhhh okay so I payed off all my stuff and now my tenants think they don’t have to pay anything like wow really!
It's Mandy they can’t
@@jaycepedro7147 I hope you are right, but it seems like California is effectively doing this already.
It's a TRAP!
So Fiscally responsible people that do not carry debt will get punished now? That is insane!
lol thats always the story... The Rich and the Poor are on the same team, they break the back of the middle class every chance they get.
@@TheGggg321123 Dumbest take of 2020
They're not punished.
Bolizen oh good someone with opinions that are correct because you say so. Be an hero.
Brooklyn Heretic yeah just like this guy said. You have to figure out the game fast. This is a good time to buy a house if they are really going to let you get away with not paying your mortgage.
You can't evict tenants, you can't raise the rent (even when you're at a loss), you must allow section 8. Think I'd pass
The Party and The State knows was is best for us Counter Revolutionary Capitalists.
Once you allow section 8, your property is destroyed.
I don't know why but I have a bad feeling about this....
Because nothing is 'free'
The Hollanesian the govt is clearly trying to take over assets. Soon there probably won’t be any privately owned properties
Yeah I called about the 12 bedroom 6 bathroom California mansion with an Olympic swimming pool and helicopter pad for rent and told him I will be moving in for my free year and he told me it was not available for rent any more. So I am taking him to court because he is discriminating against my income.
Hyperinflation
@@cosmicnous7772 no, no, no, you forgot to couch hyperinflation into a politically correct term, like Zimbabwe or Venezuela or Brazil or the Wiemar Republic did. I believe they all called it "quantitative easing" in the beginning
I am waiting for the Student Loan Cancellation Act of 2020
🙋🏻♂️
Why would it be fair to cancel student loans? That’s like canceling credit card bills that you acquired. We paid off $52,000 in school loans for my wife in about six months after having to start paying them. Live modestly and it’s possible to payoff your loans. I don’t have a college degree so education has nothing to do with income.
John Pham it’s not that serious , take a joke.
The obsession with being "fair" is what will ruin us. And you know damn well they're talking about these interesting times where people are being legally prevented from working. Thus it would make sense to forgive loans that people were manipulated into taking out as a minor.
That’s what I want to see lol.
I own my rental property outright (paid in cash/ no mortgage). I use that rent as primary income. I'm nervous.
Me too. I'm screwed with this idiotic idea. I'll be unable to eat. 50 years of working and saving. Gone
Yeah, and it certainly doesn't help that there's a huge five year penalty if you take their rental help. I'm lucky to still have a mortgage, so at least not having that would offset the cost, but my long term plan was to eventually live off rental income, so I can imagine how it would feel to finally achieve that only to have it taken away.
I just can't even believe that I'm living through these moments.
*Is this real life?*
what a time to be alive!
We are living in a matrix. I think there is a reasonable chance that this isn't real.
@Jose Sanchez that could be the beginning of really good song
Can we fast forward to 2020 season 2? Because I’m not feelin’ 2020 season 1!!
Graham Stephan great time to be alive!!! 🤘🤘😎
As a financial nerd, you’re the bomb 💣, I will say, I think plans that seem too good to be true always are. People never take into account how much money these programs will cost and how more debt we will be adding to our national debt, creating a bigger burden on future generations to pay off.
Bold of you to assume our government ever intends to pay off its debt.
Aaand now you're on a watchlist.
This is what I would call “putting the cart before the horse”. Throwing around a lot of money without actually getting the funding first. Like using a credit card even though you have no money in your bank account...and no job
smart guy “hahahahaha” -Congress
Bernie Sanders is smiling somewhere, sipping a glass of Ensure.
😂😂😂😂
Lmao good one
Alexandria Ocasio-Cortez proposed this and can't be taken seriously
😄😄
😆
Bout to put a down payment on a mansion and live in it for a year.
Haha!
My thoughts exactly lol
And if that part of the mortgage is cancelled you should walk away with some equity too
Everybody: Hooray!!! Free living...
Goverment to savers who paid off their mortgages: "No soup for you!", increases property tax.
Al Kon yep
That’s a form of means testing. They will be rewarded by not having a neighborhood full of empty houses. Sudden property value drops. Schools underfunded, and crime starts up. We are all connected. Never forget hat.
@@ew25 because they don’t have jobs, genius.
@@ew25 The stupidity, immorality, laziness, and selfishness of this country is what is gonna cause it to fall. The Greeks and Romans fell for the exact same reasons. You can only "be on top" for so long before it does you in. I don't know how anyone didn't see this coming.
Use this money wisely guys. In Europe, we don't have this but in some countries (including mine) the government will pay out a portion of your salary instead. So it's basically the same. If you receive this money don't blow it! I actually made a video on how to save money but of course graham is the master in this! 😅
@Facts Only That's awesome dude!
I feel like people will hear this news and proceed to rent a mansion
im already on it. lol
lmao. especially now that I'm moving out of my place and will have to stay a month in friend's place before it's safe to look for places here in NYC. I might as well go straight to the fancy freshly minted properties out in Manhattan. Most are investments, so why not have me live there as a free tenant? :D lmao
Gold/silver to the moon 🚀🚀🚀🚀🚀🚀
Mike Maloney was right yet again.
First thought I had 😂
DidiNYC what happens if nothing happens and you’re stuck paying a lot for rest, starving...?
Thank you for your videos! Its nice to hear someone who has done their research and isnt just going off of one source of info
I agree I've heard to many rumors.
This is terrifying! So much free money, free rent, free house - are we trying to stave off a Great Depression.
Colleen Jones poor mentality
yes
*22 MILLION AMERICANS* filed for unemployment, welcome to the Greater Depression.
yet we still can't get free healthcare or free education what is going on
you spelled Chronic Depression* wrong
I don't think the word "stimulus" has ever been used this much before in human history.
Replace it with "communism" and you get the clue.
@@ifthisthenthat2107 ah yes, anything that is free is communism.
🤩🤩🤩🤩
Stimulus, bailout, handout, welfare, social security, hopefully people realize it's all the same thing and in the long run it doesn't work.
This was the first time I’ve had to use that word.. and I’m 29 hahah
Perfect time for me to start a 1 year mortgage.
I saw “free rent and mortgage” and clicked immediately.
nice!
MinimalStock - 😅
Me too 😂
Me too
It'll never happen
When that EBT, SSI and Medicare stops flowing....stuff will get Mad Max.
Tyler Sudden II you think that’ll happen?
Yep totally agree! 🙄
Yup
WITNESS ME!
The Fed can print money. The check is definitely coming in the mail. The only thing they can't guarantee is the purchasing power of the money they print
The debt that will need paid from all this will cripple my children and their kids kids and so on
What do you know about economics?
$2000 a month is the best idea because it’ll keep going back into the system
Tsxes will go up
@@htatesil4192 Taxes will go up anyway when the state tax coffers get obliterated by the economy grinding to a halt. Middle and upper class will pocket the money. The much larger working class/poor will inject that money right back into their local economies. Either that , or we go through another multi-year recession. (or worse)
kbruns33
Taxes going up anyway is not an excuse to just make it worse by spending even more money. But hey don’t let economics teach you, just your raw emotions.
I was in the middle of completing step 2 of Dave Ramsey baby steps. Not lying if this happens it would be a major plus for me to get out of step 2 and never look back.
Anthony Dave Ramsey will be mad about this. He owns all of his properties outright so he will lose rent without having a mortgage to skip on
He is exposing himself a lot in this crisis as just a rich boomer
He’ll try to justify it as a bad thing. Guarantee
GOP jesus loves money more than people
@@aightm8 this program is bad for pretty much everyone. If it did pass it really wouldn't effect him either way directly, his revenue streams are diverse enough, I doubt he's taken anything but a small hit.
The way it would effect him, and I could see him reacting to, is the government crashing the economy by pushing out too much money.
@@zachmusic4511 But Freezing rents and mortgages doesn't pump money into the economy and cause inflation. In fact it increases people discretionary income. This essentially falls back on the banks as the losers in this scenario (and landlords who own their properties outright). However they both benefited hugely from the 08 financial crisis and the taxpayer bailouts, so it working in reverse is not something anyone should feel guilty about. Banks have much stronger balance sheets now - they can take the hit
V B
What? Do you not know economics? You think that giving money away like it’s candy will not have repercussions? Helping companies that employ people is not the same as giving away money willy nilly to the neighborhood drunk. Now I am not in favor of bailouts either but dude get real.
You must be one of those who sees free money and do not care that it came from a guy who just stole it from the family down the street. Think before acting my friend.
Haha man I’m glad you doing the baby steps. Its worth it If you stick with it.... best of luck🙏🏽
You have all of the same questions I asked when I read this bill. This honestly makes me nervous for landlords!
I think it's just going to make us stay in a negative feedback loop. If I'm poor I'm scorned at if I'm rich I'm scorned at. When will we be able to see equal ground. Democrats need to be more coherent. We need to prioritize we don't live in a damn Utopia! I'm 20 and I want to get hired. This is how bad it is. People need to stop living in the moment and think about the aftermath effects. It's a bill so it doesn't have weight until trump states his final word!
Who’s the kid in the ads with braces trying to take my stimulus...get outta here
Lol i got a super high energy Amazon seller wanting to sell me a free course.
I was wondering the same lol I couldn't take him seriously especially with his spiky hair. SKIP AD, get me back to Graham
I always get the one where it’s some like 15yo who talks so fast
I got that kid
Lol
"We're assuming they've somewhat thought this through..."
LOL... you're talking about politicians... be real!
lol
Yeah I think he hit it in the head when he was talking about the publicity. That's all that many politicians do.
True.
This REWARDS the people that just pay down the mortgages just enough to get NEW mortgages and NEVER plan on PAYING DOWN their Home Loans. This REWARDS and ENRICHES the MANY people who NEVER plan on PAYING OFF their MORTGAGES, they just continue indefinitely getting new home loans, effectively using their house as an ATM CASH machine.
The government is learning more toward communinism each week.
Jeremy Vai yeah youre right lets just fall into a great depression and let people die and be homeless. Twat.
So what do you propose ? Massive homeless camps? Starvation and more chaos? This is an unprecedented time that could literally set the world back to the 1920s. Let's do that... Thank you, but not my idea of fun.
Here’s a thought: How about forgiving 12 months of Covid-related medical bills, instead? Let the insurance companies absorb the costs, not us small landlords.
because Eff everybody who lost their jobs, but didn't get sick. that turns them into regular poor people, and we have to make sure not to help them
Money will never go to “the people who actually need it” offering it to everyone is just sweeteners for appeal to those in power or politically risk adverse. I’d love to see the effect of these numbers in terms of cash flow instead of value. Your next money crunch challenge Graham! How fast would a new grand in peoples pocket every month for a year stimulate the economy?
James Marlowe
What Covid-related medical bills? Practically no one has gotten sick.
Matthew Then that means there are fewer payouts to be made.
@@matthew8153 Exactly. Most of these dumbshits are still asleep, not surprised
So why did I paid my rent in April if they are going to freeze the payments anyway? 🤦🏻♂️
Why give all that money if they're gonna freeze all the bills?
Carlos Barria same here
I definitely agree that they should be targeting people who actually need the money (Aka things like unemployment programs and such).
For example, I'm a software engineer working for a defense contractor (aka essential worker #Merica).
Do I need any of this relief? No.
Will I say no to $1200 and free rent? No.
But that money really should be going to someone who actually is adversely affected by this.
Then it's just rewarding people for having no savings
I work for an essential company and my salary was cut because I’m not as essential as hourly workers and my company is losing money (med device company). I don’t think people like me should be excluded.
@@HylianVamp based on what he said u wouldnt be excluded.
He said money should only go to programs like unemployment etc.
I completely agree. Its stupid that im getting this money when im still working and getting paid same amount as before.
If ur hours r cut u would qualify for partial unemployment.
Please look into this if thats ur situation!
I work for the state and yeah same for me. This is just free money
another avenue to consider is: by taking this route, it might be cheaper in the long run to make the rules simple and easy to administer, than setting up complicated hurdles and conditions that require real man-hours to apply, check, and cross reference.
especially since so many are going to need it
Government straight up PRINTING money... more debt
cray
QE all day, every day
If you live by the printing press, then you'll die by it as well.
Ah, they have been doing that all along. Watch the free video, "Secret of Oz."
BRRRRRR MONEY MONEY BRRRRRR
I rather have the $2000 monthly. My rent is shared and would save me tons of money. It's still so sad on where we are at. Never thought we would live through such a time. I hope everyone is taking care of themselves through this time. Sending lots of prayers to everyone. 🙏
I don’t see any stimulus plan for all of the like buttons that have gone “Un smashed” in this trying time. The US government is inept!
lol
Rent freeze, sounds like price control. Getting ready for hyperinflation
we'll see!
Sounds like gov is planning on stealing apartments An houses from land lords
Communists always steal middle-class's private property when they take over.
Section 8 housing basically requires the landlord to negotiate with HUD on the amount of rent received.
So not only will you not be able to raise your rent for 5 years, you will likely need to decrease it and end up with a tenant who will trash your property. Not to mention extra inspections to remain qualified for the programs.
This is very bad indeed.
I feel like for a lot of people who rent a room or a house from a landlord, it's going to cause tension. Imagine telling your landlord straight up that you don't have to pay them rent anymore because of a stimulus package.
My concern is that when the payments get back up and running is how high inflation will be.
PYTexan the US military budget just for year 2020 is $4.7 trillion dollars lol. High inflation is not happening
Sami Amor Not even close
Inflation usually happens when there is excessive demand. The economy is crashing because of a lack of demand, just like during the Great Depression when GDP went way down and unemployment went up to 25%. Right now, deflation seems more likely. There could be a lot of oversupply in some sectors as we slowly get back to normal. If we could just go back to 100% overnight, it might be different. That doesn't look like the plan right now.
Inflation actually might be good, because it would let interest rates go up safely - something we haven't been able to do because the government doesn't want to increase their interest payments on the debt. If they would use this extended time to refinance the country's total debt at a lower rate, maybe it could be a win in the long run - and even be an indicator of the recovery; since inflation is usually seen as a sign of a healthy consumer class - i.e. too much money chasing too few goods.
Why long-term investors should never sell stocks in a panic.
You keep scaring me, I was afraid this might be real. Fortunately it is still, just an insane proposal conjured by the politically half-minded.The American Idiocracry was thoroughly documented in a brilliant Hollywood film, which doesn't need a sequel quite yet.
How would this help anyone I know, who are:
1) Working with full-pay as normal
2) Not working (sitting at home) with full-pay
3) Collecting so much unemployment ($1050/ week), that they have no incentive to pursue alternative work.
There is too much currency floating around right now, and so many businesses closed that is difficult to spend it all. Homeowners should be fine covering their mortgages for as long as tenants pay their rent. If rent and mortgages stops who covers the property tax, utilities, insurance, repairs, maintenance, depreciation? Further down the rabbit hole with another relief bill?
Just let it burn
I wonder if every month ontop of his tenants recieving their rent reminder he also sends them a reminder to smash the like button.
If I dont have to pay rent for a year I'm saying what my rent is and after year I'm going to buy a house
Thats what i was thinking. All the smart renters would become home owners a year from now. Thinking of it that way in the future this might help the housing market and lower the cost of renting allowing more people to rent within their means, maybe taking some weight off of government assistance programs.
"Assuming they [The Government] have thought this through." Lol.
:'/
Son:Mom, I have to write about a hard time in our country’s history. What happened in 2020. Me: *stares out the window with my 20 cent iced coffee* son , we don’t talk about 2020.
James Corbett of the Corbett report wrote "A Letter to the Future" for the kids and grandkids of the future. Then he read it on his youtube channel today. So sad.
$165 Iced Coffee*
Just Saus you must be new here
@@FRAMEDSKATEKREW69 Inflation.
Just Saus nah I’m still drinking my 20 cent iced coffee... all 1/2ounce of it 😅😭
I have been watching Graham Stephen now for about three years in 2018 I bought my first home at the age of 20 all of that due to the fact that I have learned so much from Graham all of his videos and I’ve decided to do the same thing to share my experiences on RUclips for people to learn from
I thought the GOP was the party of conservatives not spending any money. What a double standard. I don't know how to solve the impact on businesses, but the $1200 stimulus will do nothing.
Honestly it makes more sense to just do the 2k a month until the quarantine is lifted maybe a little bit of a buffer at the end while things ramp back up.
between the two, i agree
I heard someone telling me this before, then the phone rang an woke me up. It was the bank wanting my mortgage payment.
If this happens, we are going to get screwed so bad by taxes later on
Thank the Federal Reserve for ya
Inflation. The hidden tax.
AMURIKAAA! LOL
I thought they said this would be tax free?
@@lrlittlebean no we are all paying for this in future taxes. And our money will lose its value since there is more in circulation
It's pretty amazing to watch it all happening, honestly. This will have huge implications going forward.
Thanks for always keeping us in the loop with what’s going on. I’m a landlord and small business owner. I’m currently relying on my rentals to help me cash flow through this pandemic. If this bill goes through I would most likely be out of business before the year is over.
I’m always happy to get free money, even though I still have my job and can pay for everything. But even if I directly benefit from it, I still have the opinion that it should go to the people who actually LOST their income. Once they are fine, we can talk about giving money everyone to kickstart the economy.
If this bill passes and I continue to pay my mortgage, would my payment go straight to principle?
kenoman2007 nope! It will be a regular payment unless you make certain arrangements with your mortgage company.
If you're paying online, there should be an option to make payment to Principle only.
Someone else said if you can afford to pay your rent it would end up just paying the national debt rather than the rent. Idk if it’s true but if so that’s fucked.
I just read a article that landlords are going to the IRS website to check if their tenants received the stimulus check. This is crazy!!!!!
Graham: “Giving a blanket amount to everyone whether or not they’ve been affected, just seems like waste of resources”
The government: yes.
They are buying us into servitude. Dont you understand?
they tactically take uncalculated measures.....
@The Mark of Kain testing? You can go off of peoples 2018 or 2019 income taxes
"we can't possibly print more money?!".. the government: hold my beer 😂🤑🚀
:P
George - The Money Making Wizard [Weekly Videos] hold my 🗽
Money machine go Brrrrrrr
@@deeJayThraxx 😂
@@ASMRGRATITUDE LITERALLY
A rental agreement is a contract and article 1 of the U.S. constitution prevents the government from interfering with contracts. If the law passes it will be deemed unconstitutional by the courts.
Wal-Mart sold out on big screen TV’s this weekend.
Sen McQuire no way lol
Sen McQuire wow! I have not been to Walmart in weeks. I’m very sure it happened in my area. I’m in a large military town and from what I heard, people were out there more normal than a regular military pay week.
I try to avoid those weeks because it’s aggravating. They got their regular pay plus the stimulus checks.
This is eggsactly why I own stock in Walmart
They want to watch the news better
@damianraver
What eggsactly did you invest in? Or should I not ask?
Why would you want this?! This is so bad for the economy 🤦🏻♂️
Milliondream Whos going to pay the bills ??
They want too take over property
Bad for people with stocks 😂
I’ll be able to buy a million dollar house for 1/10th the price and sell it back when the economy gets better
I’d rather have the $2000 I only pay like $300 for rent
It seems like the $2000 a month would also be easier all in all. Sure it would be more expensive, but none of these issues would arise. Worst case the government gives money to people that don't need it. Seems the good it would do would outweigh the slight waste.
$2000 a month would be enough to pay my rent and give me almost 300 extra a month.
Superkylej well My rents $2400 so it won’t even cover my rent
@@topshelfbullys7889 cry us a river please..lol
@@topshelfbullys7889 2,000 doesnt even pay for most rents for expensive cities.
Like san Francisco and nyc.
Again for most its alot🙄
And months ago everyone thinks Andrew Yang was crazy
Yes because his plan of 1000 every month with no pandemic it’s not the same.
Ehh, he's still crazy, and this bill will effectively bankrupt a whole lot of people.
Yeah and even during the pandemic that's batshit crazy
We still think that
As someone who is a retired landlord with no debt, I depend on rent to live. This would totally f me.
Damn should’ve gone to school and made more money
Being a landlord is not a real job. Maybe you can finally find something useful to do.
@@IRWBRW964 sounds like someone salty didn't think of it first or still renting LOL?
I'm really lucky I sold my house last year and I'm not a landlord anymore.
@@IRWBRW964 It takes a lot of responsibility to be a landlord. Most would not be able to do it. Without landlords there would be no housing.
"Assuming they thought this though." You are funny.
I'M CALLING IT! FREE CARS AND FREE HOMES *for every eligible American in the next Stimulus Package*
FREE LAMBOS FOR EVERYONE
Hi we’re the government and we’re here to “help”.
The scariest words ever uttered
😂🤣😆🤣😂😆🤣
Totally agree with you Graham. There are not enough details where this makes sense, and is not well thought out. Help those who need it
Graham, I’ve been a big fan of your videos but lately they are lacking deeper analysis. For example this one you fail to talk about how the US runs a deficit and to facilitate this bill we would need to take on additional debt and/or print more money. This would likely lead to hyperinflation. I get you are trying to keep your videos as non-political as possible but people need to understand how detrimental something like this could be to the country.
I cant even get my brain around the implications of this passing.
agreed
Inflation, lots of inflation. Not immeditedly but in a year or two.
Massive theft.
This would never work
Wrap your heads this then. MONEY is a completely made up thing. Made up completely. Said it twice in case you didn't hear me the first time. You guys need to relax, and be glad you're not gonna starve because of any of this. Not by a long shot are you two gonna suffer one lil bit(but alot of people are, and will still. As this thing is far, far from over). Fact is the government having 20 plus trillion in debt is all an illusion(just #'s on someone's spreadsheet somewhere none of us will ever see). Its about like one of you rich guys(net worth over say idk 4-5mil) owing 40-50k. Its really no big deal when you have a gdp of 20-23 trillion. Like no big deal at all. All made up anyway in case you didn't get that b4, above.)
Imagine everyone in your household being laid off or forced to close the doors to your business...but still having to pay bills and buy food... I guess the landlords are starting to feel what a majority of their laid off and locked down tenants are feeling: PRESSURE.
So if I'm living with my parents now and this passes, could I move out into an apartment and live there rent-free for the next year?
only applies to existing lease agreements
Or you could just pay your parents $20,000 a month, and they can get landlord income reimbursement if they pass this silly bill.
@@GrahamStephan exactly, sign a lease now for a $ millions. This one will never pass. Too much suspectable to abuse with backdated leases.
another Illhan Omar pipe dream LMAO
*The market rewards business leaders for making things more efficient. Efficiency doesn’t love normal people.*
- Andrew Yang
We are all going to end up in a van, DOWN BY THE RIVER!
0:27 sounds like the freedom dividend but with extra steps
Graham, Oil prices have dipped to all-time low's, people are trying to find a way to Invest into it and buy the dip, but most of them do not know how, can you make a video explaining the historic drop of oil and how to benefit from it financially?
Best regards
Open up. That's all. Quit being so afraid of getting sick, so your fellow humans can regain their livelihoods. C19 isn't what weve been told. MSM is politicizing fear. Unless your really old and/or morbidly obese, (which, btw, those folks who are old or obese, are susceptible/in more danger of, contracting ANY illness) Get out of the house. Stop living in fear, and turn off the tv. That's how you invest. Stop waiting for people to give you permission to live your life. Its f***ing pathetic.
I really appreciate your empathy for others
Very few people do have that and even more are proud to say how they are planning to take advantage of these government programs even when they don't need it👏👏
I guess this decade is the fall of the United States. 😭 we are never going to financially recover from this.
Oh don't worry, it's all a part of a bigger Plan. That's why more and more people are calling it a PLANdemic and not a pandemic ;)
Lol if you think we're never recovering from this you have no understanding of the history of the stock market
Burning Coal another one in denial
You Are right we were Warned Tiger King Said it " I am never going to financially recover from this"
America as we perceived it, died in 1911 with the formation of the federal reserve. It was an underhanded event that robbed us from the freedom of their god.... Money is his tool/whip/bondages. Now, under lockdown, no one can be like Christ. You cant visit the sick, you cant gather in public, just hide in your house and give all power God gave you to someone else. Become a slave. FOr the better of mankind. ANd those leftists whove bashed corporations for their wealth... Guess what? In this shutdown, those corporations are the ONLY ones making money. But cnn…. ugh. The truth is easy to find. But many don't seek it.
Legend says if you destroy the like button before Graham asks he likes your comment!
liked!
I'm a landlord too. But even with a one year forgiveness of rent and mortgages, I still have to pay insurance on the properties, taxes on it, repairs, maintenance and etc. For some landlords who pay utilities themselves, this leaves landlords on the hook for hundreds of dollars a month just for utilities alone. When the year is up, the mortgage is still due. While the tenant got to stay rent free for a year even if they were working, the landlord got no breaks. Only if it can be written off in expenses can he/she hope to have any benefits, but it still won't be much, and will not cover out of pocket expenses.
What about someone looking to get into an apartment right now (me) ? I literally WANT to pay rent
Sorry but your application has been denied. If you pay rent then we have to pay the mortgage and we can't have that.
12345 12345 because ppl still need houses w their current leases ending