(04-11-2020, 01:43 AM)jj82284 Wrote:

(04-10-2020, 07:46 PM)mikesez Wrote: I kind of feel like all the stimulus was not necessary.
First of all, handing out money in this case is not stimulus. It's a relief program. And we need relief, don't get me wrong.
But I don't understand why, the government couldn't just decree that rent payments and loan payments are deferred while social distancing is in place. If you are a real owner of real equity, you should be in a position to absorb getting no return on your equity for a little while. But if you have used that equity as collateral on a bunch of loans, maybe not the best decision, but your payments would deferred. I don't understand who loses, or what the complication is of doing it that way...

1.) A lease agreement or a mortgage is a little bit different arrangement than just owning an equity portfolio expecting a dividend.  

2.) Who are you to judge other people's cashflows?  In the case of a lender or a landlord let's say you structure your business based on 5% non payment with a little bit of a cushion up to 10%.  Now your supposed to absorb 0 cashflow from now on?  That's not how ANY of this works!!!

3.) If the state orders a business to close because they are concerned with Faucis charts then it's their OBLIGATION to compensate the business owner for lost revenue.

2) if you are a landlord who needs the cash from your renters to service other debts, I am saying that those debts should also be deferred during this time. Property tax could also be deferred. Of course no landlord would have zero costs; there's still maintenance and security. But everyone else is having to differentiate between essential and non-essential costs - we could have done this a different way.

3) The state is never obligated to help any business. The state should do what it can to minimize the pain of emergency orders, but emergencies are times when there are more important things to consider than a private business' cash flow.

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(04-11-2020, 08:17 AM)flsprtsgod Wrote:

(04-11-2020, 08:09 AM)Sneakers Wrote: It appears to be a generational tendency.  Baby boomers grew up with a 'savings" mindset.  The roughly 40's and under generation(s) now, seem to very much live for today.

The Boomers got blue collar jobs, long term careers,  pensions, low cost college, cheap real estate...lots of things they've prevented the following generations from having.

Yup.

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