General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsArkansas property owner tells restaurants to pay employees instead of rent
https://www.kait8.com/2020/03/18/property-owner-tells-restaurants-pay-employees-instead-rent/?fbclid=IwAR0EsbYzncMwa7kN2zIudXGjpZth6jxJknQPmT0BM508by8NQWxjgRcN-hkArkansas property owner tells restaurants to pay employees instead of rent
Young Investment Company announced Tuesday night on social media it would not expect its restaurant tenants to pay April rent. (Source: KAIT-TV)
By Region 8 Newsdesk | March 18, 2020 at 6:37 AM CDT - Updated March 18 at 2:20 PM
JONESBORO, Ark. (KAIT) - As more and more restaurants make the difficult decision to close or change the way they do business, one Jonesboro property owner wants to make it a bit easier for them.
Young Investment Company announced Tuesday night on social media it would not expect its restaurant tenants to pay April rent.
The companys downtown Jonesboro properties house several of the areas favorite restaurants including Eleanors Pizzeria, Roots, Main Street Coffee, The Parsonage, and City Wok.
Instead of paying rent, Young urged owners to pay your employees and take care of your family. We will get through this together.
backtoblue
(11,348 posts)LisaM
(27,864 posts)Kudos. I hope more landlords.can afford this.
The Magistrate
(95,272 posts)Without the need for coercion by law. If such an attitude and behavior were general, and to be confidently expected, all would be better off, whatever the system we lived within.
"Who would notice a saint were saints the common run?"
A HERETIC I AM
(24,382 posts)Holy crap!
Haven't seen a post of yours for frickin' years!
Glad to see you're still kicking, old man!
Welcome back, and pardon me if you have been posting for months and I didn't see it.
The Magistrate
(95,272 posts)Got out of hospital Monday last. Doctor told me to do my best impression of a hermit....
scarletwoman
(31,893 posts)I have never forgotten you and have always been saddened by your absence.
I hope your release from the hospital finds you in good health - all my best wishes to you!
- I figure it's safe to give you a virtual hug, yes?
SammyWinstonJack
(44,130 posts)grantcart
(53,061 posts)essme
(1,207 posts)Glad to see one of the "oldies!"
choie
(4,112 posts)So happy to see you, sir!!!!
CentralMass
(15,265 posts)Brainfodder
(6,424 posts)After all.....
These are the people that keep you going and they've had your back and made you a lot of money over time, having theirs, should be normal course?
I know why it isn't, silly public corp. rules/stock market, that's it, fix that and get rid of Citizen's United, HC4ALL, and the U.S.A. starts back toward prosperity for all, after this HOAX is over?
Thinking 1.21.21 we get re-started?
bucolic_frolic
(43,571 posts)way to keep households solvent and in place. Workers with no cash can't afford to pay. Landlords and banks took business risk when they titled their properties and rented or lended. They can afford this, it's a tax write-off for them. If they don't don't do this, we will repeat the outcome of the Housing Bubble and apartments will be empty and people homeless. Does that make any sense?
Lucky Luciano
(11,268 posts)paleotn
(18,015 posts)TomSlick
(11,152 posts)Legislation forcing rent and mortgage forgiveness without compensation would violate the "takings clause" of the U.S. Constitution.
bucolic_frolic
(43,571 posts)He signed it today. He can take, seize, require, force to fight the war against corona virus. He would be acting to keep the peace, to prevent spread of the virus by evictions and homelessness. We are being frozen in many ways.
I hear what you're saying. But he'll do what he wants, as long as it makes no sense and profits him.
TomSlick
(11,152 posts)if the government attempted to force rent or mortgage forgiveness without compensation. It's all good, lawyers have mortgages too.
bucolic_frolic
(43,571 posts)paleotn
(18,015 posts)covering rent for tenants, mortgage payments for property owners and banks holding titles. The flow of funds from tenant to landlord to bank is guaranteed. Everyone gets to keep their current situations and fulfills the government's job to maintain financial stability in my mind.
TomSlick
(11,152 posts)littlemissmartypants
(22,885 posts)TomSlick
(11,152 posts)It's encouraging to see someone doing the right thing and placing people over money.
Karadeniz
(22,607 posts)Things on hold, too.
barbtries
(28,824 posts)How many others will do that I wonder.
keithbvadu2
(37,066 posts)Leghorn21
(13,527 posts)Thanks for blazing a trail here, Young Investment Company, may others follow suit!!