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Antioch resident and business owner Mike Barbanica issued the following video after both the Antioch City Council and Pittsburg City Council approved Covid-19 Eviction Ordinances over the past week. The City of Concord also issued a similar ordinance.
Mike Barbanica is the owner of Blue Line Property Management.
8 comments
Well said Mike.
It’s going to be hard for tenants to pay back rents.
And it’s going be hard for landlords to catch up on their mortgage back payments.
This is where your Federal and State governments come into play. Lenders have to agree to just restart when things return to some kind of normal. Absolutely no one will be able to come up with a huge lump sum, even owners. Lenders must be instructed to add the lost income onto the end of the mortgage period. They can handle this expense. If their pockets aren’t deep they have been deceiving us all. There is no reason to add the stress of a huge lump payment onto already stressed citizens
Sorry our City Council is mostly a joke– time to vote them out except for Lori. From School District to Dispensaries to Unaccountable homeless services driving more homeless to our City to THIS– Our City Council does not care about the owners of homes in Antioch.
Lori is part of the problem too. She voted for this. She and Sean Wright are both acting like idiots by voting with the other three. At this point, vote them all out since they are doing a lot of 5-0 votes.
Well done Mike. I believe there is a fundamental problem with perception here. To dump the economic stress on landlords will have a ripple effect throughout the economy. We saw this with a 10% unemployment rate circa 2008-2009. There are 2 sides to this issue and only taking care of 1 side does not solve the bigger problem and in fact can make it worse and much more wide spread. If you believe foreclosures will not affect the greater good would be foolish. The size of the problem does bring corruption and fraud into play but that is always an issue in my view and we do have remedies after the fact to deal with it. Thank you Mike.
The economic stress should be borne by financial institutions. Not renters and mortgage holders. There is no reason the lost payments can’t be made up by simply extending the mortgage period for the months lost during the economic emergency. The government could guarantee this and relieve the stress
Good call George. Nothing is really free in this world but moving payments temporarily to the end of loans appears fair for everyone. This idea would stop a large problem gathering steam when it comes to payment catch up that a lot of people don’t have the money sitting around and the government is already waste deep in debt. Great idea!
The Feds should require the financial institutions to do this, after all weren’t the tax payers forced to “BAIL” them out a few years back, it’s time to return the favor.
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