hey what's going guys this is daniel and
this is sam and we are the clock
brothers and in this video we're going
to talk about
the eviction moratorium and there's been
a lot of commentary around this topic in
terms of this
being extended and this is getting a lot
of people riled up so what sam and i are
going to do as housing experts as
individuals who own real estate and also
we're renters ourselves yeah you know
we're gonna give you guys our commentary
and our perspective
on everything that's going on along with
what is actually happening and last but
not least we're gonna address
some interesting arguments that people
are making about this
eviction moratorium yeah and we're going
to speak right into the morality is it
moral
is it immoral um there are of course
people who are fans of the eviction
moratorium and equally there are people
who are against it so
let's go and quickly run down what's
going on right the cdc the center for
disease control
went and issued an extension of the
eviction moratorium for additional 60
days now again the eviction moratorium
was set to expire and it was said that
that was gonna be the last extension
ever
now of course you can never really trust
government with anything or any promises
you gotta learn to trust your government
that's what i do and this is more of a
targeted eviction moratorium which
really doesn't make a whole lot of
difference because
it covers 80 percent of the counties out
there uh it's targeted in a sense that
a county that has high transmissional
rate or transmission rate
uh is is qualified to keep the
protection that the cdc
uh is issuing another thing is that not
all tenants will qualify
mainly from the fact that they have to
prove that they're struggling
financially
uh that by getting evicted they would
either be homeless or they have to
live in a close quarter uh there's some
certain income threshold so
you'll see all that details down below
we'll go and put some more links
of our research but that's just a quick
rundown and of course
the cdc's victor moratorium was
challenged last week
but surprisingly the supreme court uh
ruled in favor
five to four basically saying that cdc's
new eviction moratorium extension
is being upheld and can be honored uh in
the eyes of the law
which is very very surprising so sam
that was a pretty good 60-second
90-second rundown if i do say so myself
but obviously a lot of individuals are
asking us and looking to us for our
opinion what is most likely going to
happen in the next
30 60 90 days i mean already the cdc's
eviction moratorium extension has been
challenged by many of the local and
lower courts
uh pellet or circuit courts all across
the country uh so i would imagine
states coming out and saying no we're
not going to enforce this like places
like florida
uh texas maybe arizona maybe
tennessee i can see that happening as
well um and you may see the eviction
mortar extension
being turned over uh again a lot of uh
constitutional scholars are agreeing
that this is
unconstitutional the cdc has no power no
say private property right absolutely
and the only
uh body of government that can do this
is either the executive power through
the emergency actions or executive order
uh but something that's more durable
will be a legislative action
actually passing a bill and signing
things into a law
that's a bit more durable in the eyes of
the constitutional
process yeah and let's think about this
too and guys these are numbers from six
months ago but you know more than
50 percent of all landlords do not have
the cash or credit
to be able to survive you know this
extension to be able to survive
them not collecting the rent to be able
to take care of the mortgage the taxes
the insurance
the maintenance you name it and
obviously in the last six months that
number has gotten higher and higher
right higher
so of course a lot of individuals are
asking well daniel what's going to
happen well sam what's going to happen
with the housing market what's going to
happen on landlords
well obviously we're going to see a lot
of foreclosures we're going to see short
sales
potential here's what's alarming uh
what's alarming daniel is that they just
extended the eviction moratorium but
they did not
extend the mortgage forbearance exactly
so
yeah so the the landlords that are
struggling to make their payments taxes
insurance their mortgage payments
uh come september they're really going
to feel the squeeze because that's when
the mortgage forbearance programs
stop and the borrowers especially
landlords who have these loans
are expected to fork up so they're going
to feel the squeeze where they can't
collect rent
um and they don't have income maybe a
lot of them may be jobless they have
a lot of the landlords by the way they
still have their nine-to-five jobs
they're
like you and me you know i have jobs
let's talk about this right if you're
gonna make a if you're gonna do
something that's going to help out quote
unquote the people
well you got to help out all people
right because history will show you time
and time again
that whenever there's government
intervention or third-party intervention
intervening in a market in a free market
format
and you only help out one group in a
time where everybody's kind of suffering
well it creates a domino effect that you
virtually kick the can down the road and
you make bigger problems in the future
so obviously having said this nobody's
caring about the landlords pretty much
right when it comes to these cdc
guidelines and whatnot nobody's carrying
out the landlord
including a lot of individuals online i
read a lot of articles in the last two
three days over the weekend
pretty much advocating for a scenario a
situation
where landlords don't even exist if
anything there are people out there
right from cnn is that i don't know
right
i like truth but you know it's like
there's a lot of people are saying that
the eviction more term being extended
is phenomenal right and don't get me
wrong there are parts of me whereas like
absolutely there are renters who
have lost their job they are struggling
despite the fact that we're giving out
more government assistance now than
ever right there's people making more
money sitting at home
than actually working a job which for me
is eyebrow raising right something like
that
but you know let's let's talk about that
because there's a lot of people
advocating for that
people are believing landlords as a
matter of fact let me pull up this
article that i read
this morning that i think is wow this is
kind of extreme
but this individual literally has said
that landlords do not produce anything
that's
word for word i'm reading this it says
landlords typically don't build the
housing they buy or rent out
some small-scale landlords do the upkeep
themselves
but that shouldn't make the rent their
salary for performance
the first argument is that they didn't
build the house themselves right
that's what they're saying they're
saying that they they're the ones who
they're the ones who didn't build the
house and not only that but with them
making such a big profit
off of them owning the building and not
doing much is immoral it's not it's not
right the the first case of argument
or the counter argument against that is
yeah sure they had
they may or may not have built the home
but there was a transfer value by
paying they bought the house they took
out a mortgage they risked themselves
they are taking out a huge risk by by
getting a mortgage
right and being in debt for crying out
loud and some
it worked really really hard right they
saved they stayed up they took all their
life savings
and put it in this bought this house to
provide
housing for the public now what what's
the alternative
the government providing housing like
has i mean it hasn't worked in the past
i mean it's called north korea by the
way
[Music]
yeah and you and to sam's point thank
you ben shapiro for making that comment
but
you know in all sincerity right i mean
it's just there is an exchange
it's not like they were given this house
for free right not like you know
and the second argument i would make is
this interview saying well you know
these landlords are making
absorbent amount of yield and money just
you know doing nothing right and just
collecting the rent
well for one you and i have been
landlords now for almost 10 years
uh are we making exorbitant amount of
money through
you know through cash flow quote unquote
i mean some months are good
but you know we've had bills where you
know the maintenance guy came to us and
said hey we gotta fix this this is not
up to code this is a six
thousand dollar bill and that's wiped
out our cash flow for the entire year
the point of the matter is you know
you're getting the reward because like
sam said you're putting yourself at risk
exactly because think about at the end
of the day what happens if
you know there's a cold violation and
you have to pay fifteen thousand dollars
does the tenant pay it well why not the
tenant is the one living there
right the tenant's the one that's
affected by everything that's happening
yeah so
yeah the landlord assumes all risk and
while you're paying the rent you're
paying
is not only the service of receiving
housing as well as
you know the piece of land that
inherently has utility value
it's the fact that you don't assume any
of the risks you don't have to fix
the you know water pipes you know
breaking in and
the the water heater boiling over and
bursting and you know you don't have to
do any of that
or you have you don't have to deal with
the city you're right deal with the
lookout you literally
have the peace of mind and of course are
there scumbag landlords out there that
don't fix
and you know repair things absolutely
and shame on them but the very fact that
most landlords want to do the right
thing they want to provide good housing
they have pride in the fact that they
they provide quality housing and the
fact that you may had a bad experience
doesn't necessarily say that all
landlords are evil and bad
uh and and that's just the fact and this
is truth just like
i mean that rule applies just to
anything right there are bad people
in every aspect of life in industry in
our industry so
you can't just put a bro stroke
right on on every single people or the
type of business they're engaged in
yeah and so this individual i'm actually
going to continue this yeah because he
uses
uh 1970s vienna as like the ideal
right oh boy he's making a claim for
socialist
housing concepts to be implemented in
the united states pretty much a scenario
where
there's no private ownership of property
so there's no landlord
the government and non-profit
organizations own all the housing in the
country
and the tenants who live there pretty
much uh their rent is forgiven and all
as well everybody sings
let me ask you guys this especially in
the camera world in the world youtube
who has actually lived in government
housing i'm curious
who has actually lived in a government
housing and well not
nick just raised his hand not the
military okay the middle we we've
rebounded we volunteered and and you
guys have freedom
yeah you guys made the decision to be in
the military right you know
and it's it's okay right but who
actually no we're being serious like who
actually been
in you lived in a government facility
talking soviet russia
yeah right yeah or government projects
and actually enjoyed it
all right this this individual most
likely has not lived in that type of
scenario
let's take a moment of silence for all
those individuals
who lived in government housing and
actually there's actually a really good
example right so in the 1930s new york
did this experiment yeah so the city of
new york saw
extreme poverty worse than what we're
seeing now i mean the
the homelessness looked like san
francisco for crying out loud modern day
san francisco
and you know at the time the leaders of
new york decided to do something about
it so they created a program where hey
this is public housing this is run by
the city
et cetera et cetera et cetera they've
had 90 years
to have a go at it yeah they're at a
point today which by the way like
you know one out of every 14 new yorkers
that's longer than they lived that's
longer than the soviet union
100 existed so right so i think yeah
absolutely so
they uh did this for 90 years right and
they one out of every 14 new yorkers
were
were living in these public you know
public housing units and it was pretty
rough so let me give you some of the
stats
that have happened that has occurred the
last 90 years and what it looks like
today right because a lot of these
individuals saying well
this is this is the ideal world like
this is where no one suffers this is
like
the thing that we're shooting for right
so let me read you some stats and by the
way this is by the washington post
so it's not fox news it's not cnn it's
not a predominantly
red or blue or right or left type of you
know media outlet and washington post is
a little bit left
it is a little bit left yeah which
actually drives her point even more
right so the average age of the building
systems right i'm talking like
maintenance structure right yeah is over
60 years old wow right which means it
hasn't been updated in the last 60 years
well you know why because no like there
there's no incentive like why do it
because you know you're just
100 yeah why why improve why like what's
the incentive improving
those systems absolutely right as a
matter of fact the maintenance the
deferred maintenance is so bad
that 90 percent of all the new york
public housing units
will not be cost effective to even look
at yeah can we pull this
link up in the video uh link description
below so for those
like we're not even we're we're not
putting this out you know
but we're not pulling this out of our
bodies right from washington so it is
estimated that it will take the city
31.8 billion dollars
over the next five years to fix the hole
that it dug himself in the last
90 years yeah so 30 take 32
billion dollars to fix the problem
that's been occurring the last nine
years
as a matter of fact it got so bad that
mayor of new york city bill de blasio
who is by the way known as ultra
progressive faced a lawsuit with the u.s
attorney for the southern district
of new york for failing to not maintain
the building's
code of conduct as an interesting
failing to maintain the minimum
requirement for individuals to live in
so
literally the state who has access to
billions and billions of dollars
every single year could not maintain the
basic minimum level
yeah of of housing that individuals need
right and
that you're not talking about granite
countertops you're not talking about
nice and fancy things like
this individual basic stuff right like
this individual
things like hey it's worked in vienna
right uh well no vienna for one is a
terrible example because why is it that
millions of people literally
immigrant from yeah and surrounding
countries to the united states right
right why come here right why come to
the united states exactly why
why not go back to why why not all of us
go to vienna if it works i don't see
middle eastern refugees going to vienna
right now sorry i
come they all come here they all come
here for a reason i don't see mexicans
going into vienna right i just don't see
it no so again
the the new york's public housing
billions of dollars
and even they they couldn't do it so
yeah i mean public housing
that's a great experiment of public
housing that clearly not work and i
i'm willing to bet that not a single
government will figure this out
it is up to the individuals we need
decentralized
private ownership of property that
actually care about the quality housing
and
also uh want and and incentivize
of course by profit because that's how
capitalism works now
of course that's a there's a little
caveat is that if profit oversteps the
well-being and safety of other people
that's the problem that's that's a
problem
we're taking it too far to you know to
what i
i would say extreme capitalism but uh
capitalism and inherently
if it it if the focal point of
capitalism is for the consumers
is for the benefit of the customers
clients tenants etc
then it works beautifully right now of
course again there are examples where
capitalism um if again taken to the
extreme will fail and will
create some really bad monopoly than the
other right but the opposite
which is the you know socialism which
we've seen it right uh experimented
version right
does not work for housing right so it's
in fact it's actually
more immoral yeah 100 percent to have
socialist
plenty of examples even even section 8
right section 8 is is was birthed out of
a socialist
kind of group right yeah and section 8
unfortunately now has the reputation of
oh this is where like that's the ghetto
right like those are the projects that's
where you don't want to live
that's where all the bad schools are
yeah and that's not the intent right
that's not what we want yeah we want
individuals with lower income to have as
many opportunities as possible to
increase
which is why we love capitalism so much
because we grew up that way right
so what i didn't like about this article
was well you know and i'm not going to
name the person because
i'm not here to defame them or glorify
them anyway
but mostly i don't want to talk bad
about them right because at the end of
the day i want to see people
for their ideas not not who they are
yeah right that's what i want to argue
the idea not the person
uh but he he did not give any solution
to any of those right so he's like okay
so you know eviction moratorium
it's great but we'll see what's how do
we get there yeah
right so you know you can name all this
glorified version and vision of what you
want but
if you can't say how we get there yeah
that's a problem now let me let me talk
to you guys
why we're making this video right it's
not to bash anybody it's not to bash an
idea or anything like that
but it's just to protect the idea that
you know you can still make something of
yourself in this country that the
opportunities are still very alive and
well and again that's cliche as a sound
that is the absolute truth and we're
we're living testament to that right
yeah and the fact that there's people
out there who say oh american dream is
dead you know you can never make it
anymore in
this country there's too many pressures
outside pressure
complete bs man i mean you look at us
right we we immigrated to this country
in 1999
little kids dead broke nothing yeah
cultural barrier
language barrier no network cockroaches
in the kitchen where we first used to
live
yeah and it was not a good i mean we had
every disadvantage
that i think most immigrants will face
right you can speak the language yeah
and
the very fact that you know with with
many blessings of course
we had a lot of help from people mentors
and and people who saw something in us
but we also saw something in the
opportunity that america has to offer
that is
through capitalistic ideas through the
ideas that if you have something
valuable to offer to the world
then you too can also be financially
successful if you
if you are educated enough you
understand how the system works if you
know how to play the game
of financial literacy then you too can
also have
an opportunity to win and that's what we
believe at the end of the day
so um speaking of the positive side next
video we're going to come up with is
there's actually a hidden opportunity
with all this i know we've been kind of
speaking the gloom and doom but
uh with the eviction moratorium if you
are interested in real estate investing
if you are interested
also using real estate as a vehicle to
grow your wealth well next video we're
going to talk about what are some
there's some of these hidden
opportunities that you could take
advantage of
uh and to also help landlords and
tenants alike
uh and also you can be profitable as
well create win-win
definitely subscribe hit the
notification button uh you want you
definitely want to get notified when we
release the video and tell me guys what
you guys think about this video yeah
what do you guys do you guys think the
eviction more trim is
do you think it's moral do you think
it's immoral you know what do we do
right what are your thoughts on all this
and you know i thought about maybe even
linking the article that i read but
again i don't want you know any negative
energy going towards that person i just
want their ideas to be portrayed
right so that being said guys share this
video and we'll be here in the next
video
see you soon