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<p class="MsoNormal">I just entered into an agreement to sell 4 of my 12 rental homes as a package. All will be town down and replaced with McMansions. These are nice homes that I am proud to own, two of which have tenants in them for more than 10 years.
While all my tenants are current in their rent, I no longer wish to be in the rental housing business in a state that is clearly trying to kill that business.
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">As they say, it is “a feature, not a bug.”<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Chris Benis<o:p></o:p></p>
<p class="MsoNormal">Hecker, Wakefield & Feilberg, P.S.<o:p></o:p></p>
<p class="MsoNormal">321 First Avenue West, Seattle, WA 98119<o:p></o:p></p>
<p class="MsoNormal">206.447-1900 office – 206.447.9075 fax – www. heckerwakefield.com
<o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal">This message contains information that may be CONFIDENTIAL AND PRIVILEGED. Unless you are the addressee (or authorized to receive for the addressee), you may not use, copy or disclose to anyone the message or any information contained
in the message. If you have received the message in error, please advise the sender by reply e-mail chrisb@heckerwakefield.com, and delete this message. Thank you very much.<o:p></o:p></p>
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<p class="MsoNormal">To comply with recent IRS rules, we must inform you that this message, if it contains advice relating to federal taxes, was not intended or written to be used, and it cannot be used, for the purpose of avoiding penalties that may be imposed
under federal tax law. Under recent IRS rules, a taxpayer may rely on professional advice to avoid federal tax penalties only if that advice is reflected in a comprehensive tax opinion that conforms to stringent requirements under federal law. Please contact
me if you would like to discuss our preparation of an opinion that conforms to these new rules.<o:p></o:p></p>
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<p class="MsoNormal"><b>From:</b> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Rani K. Sampson<br>
<b>Sent:</b> Thursday, December 17, 2020 10:51 AM<br>
<b>To:</b> WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBARP] Landlord Question - Next legislative session<o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">The long-term consequences of forcing landlords to absorb large financial losses are predictable: landlords will liquidate their real estate investments (they’ll sell).
Tenants will have much less housing to choose from. Rental houses will be incredibly hard to find. The void might be filled by corporate landlords building apartments or government landlords building projects.
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">This is very bad for tenants, long term. The loss of rental housing will affect all of us.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#003300">Rani K. Sampson<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#003300">Overcast Law Offices
</span><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#7F7F7F">|</span><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#003300"> Attorney<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#003300">23 S Wenatchee Ave #320, Wenatchee WA 98801
</span><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#7F7F7F">|</span><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#003300"> (509) 663-5588 x 6<o:p></o:p></span></p>
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<p class="MsoNormal"><b>From:</b> <a href="mailto:wsbarp-bounces@lists.wsbarppt.com">
wsbarp-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>>
<b>On Behalf Of </b>Kary Krismer<br>
<b>Sent:</b> Thursday, December 17, 2020 10:37 AM<br>
<b>To:</b> <a href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a><br>
<b>Subject:</b> Re: [WSBARP] Landlord Question - Next legislative session<o:p></o:p></p>
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<p>You're generalizing. The moratorium protects an entire class regardless of their need, at the expense of another class, regardless of their need. If it were based on economics I'd have little problem with it, but it's not. Beyond that though, I'm worried
about the long term adverse effects on those who actually need the protection. The moratorium may have given them a false sense of security and lead them to make bad decisions. Back when I practiced law I did primarily debtor bankruptcy and the moratorium
is likely causing people to make decisions that no competent financial planner would ever advise them to make.<o:p></o:p></p>
<p>Also, you can't even assume someone who rents cannot afford to own. They may just not wish to own for many different reasons.<o:p></o:p></p>
<pre>Kary L. Krismer<o:p></o:p></pre>
<pre>206 723-2148<o:p></o:p></pre>
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<p class="MsoNormal">On 12/17/2020 10:20 AM, Andrew Hay wrote:<o:p></o:p></p>
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<p class="MsoNormal"><span style="color:#1F497D">I will take the pro moratorium position. Donning my suit of armor at the same time…..</span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D">This is a time of great economic pain due to a pandemic unequaled by any health crisis in 100 years. The moratoriums are a policy protecting the most vulnerable people in the population as a whole – renters.
As a group they are either poor or old or both. They are people who can’t afford homes due to lack of wealth.</span><o:p></o:p></p>
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