Yep this is true and why I don't do BYU rentals. The margins are too thin.

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Mar 20, 2020
8:37:54am

johnnybyu Truly Addicted User

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johnnybyu

Bio page: johnnybyu
Joined: Jun 6, 2002
Last login: May 4, 2024
Total posts: 14,808 (1 FO)

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Messages

Author

Time

BYU asked landlords to let students out of their contracts, but only one has.

ThetaSigma

3/20/20 2:04am

I don’t think they should be let out of their contracts. Shifting the burden to

Zaphod

3/20/20 2:09am

This is exactly why there are contracts. They need to be fulfilled. Students are

777

3/20/20 2:11am

I saw a video about this! We need a "mediator" to pay the debt for us!

ryebrye

3/20/20 6:33am

All the contracts agree to housing mediation for any disputes with a volunteer mediator

TCuz

3/20/20 6:53am

Well, Pops, you're up Zaphod. Sounds like you get the bill.

TailgateU

3/20/20 7:32am

I agree completely. I feel badly for the students (some of whom are family), but

garyfan

3/20/20 2:15am

At the same time, you're asking the students to take on the whole financial burden, even though they have been asked to

jdub

3/20/20 5:28am

This is why the government is sending out stimulus checks to pay for these thing

johnnybyu

3/20/20 7:44am

I'm 50/50 on this one

Koreacoug

3/20/20 2:35am

Some of those travel refunds are due to flights not happening. They cannot

TailgateU

3/20/20 7:46am

What about the kids in the complex where there was student who tested positive?

Blueto

3/20/20 5:45am

What obligations can’t the landlord keep because a student got the virus?

Superman21

3/20/20 8:09am

Not the landlord's problem. If I have renters and one of them gets sick, how did

TailgateU

3/20/20 8:52am

It is the BYU housing landlord’s problem in that case because the terms of the BYU housing contract

TCuz

3/20/20 8:56am

COVID-19 is not necessarily a serious illness.

Superman21

3/20/20 9:12am

Right, only the infected student. But I think it would be hard to argue it’s not

TCuz

3/20/20 9:19am

Is the student ill? Is it serious for the student? Probably not.

TailgateU

3/20/20 9:13am

From a fairness standpoint, and even contract law standpoint, I can agree

Yucaterco

3/20/20 9:39am

Shouldn’t force the landlords to do it. Smart landlords will figure out the best way to get the most money which will

shimmy

3/20/20 3:51am

My wife made the same suggestion. I told her she would make a good socialist.

Acorn

3/20/20 4:21am

Didn't go over well because it's an inaccurate and ridiculous statement.

jdub

3/20/20 5:16am

No, it's asking the landlords to take on the full responsibility.

No touching

3/20/20 5:43am

No, it it isn't. It's asking landlords to let those students who want out of the final month of their contract.

jdub

3/20/20 6:01am

How is it sharing the burden for those kids who signed a contract and now are let off of their obligation? If you were

No touching

3/20/20 6:10am

BYU landlords are happy to take advantage of the monopoly BYU

memento

3/20/20 6:20am

Landlords have mortgages, sometimes huge mortgages, that they have taken out to provide that housing. Hence contracts.

No touching

3/20/20 7:57am

And this disproves my point how?

memento

3/20/20 8:03am

You are saying that landlords should let students out of their contracts. But they have contracts too. And if they say

No touching

3/20/20 8:26am

No, if you read what I wrote, I said they should come to a compromise

memento

3/20/20 8:31am

You're right, you did say compromise, and I don't think it's a dirty word at all.

No touching

3/20/20 8:40am

There are a lot of banks who are willing to defer payments for 90 days.

Superman21

3/20/20 9:29am

Another wannabe socialist that doesn't recognize the massive capital

Acorn

3/20/20 8:12am

You really want to argue that Provo housing is a free market?

memento

3/20/20 8:24am

Let me guess. You or your kid has a contract and you don't want to pay all of

Acorn

3/20/20 8:34am

Nope, I have no children. But if you want to lie about what I wrote

memento

3/20/20 8:52am

You don't want to honor the contract you signed. You think the Landlords

Acorn

3/20/20 9:29am

So what is this compromise you would support that you've avoided articulating?

OlanchoCoug

3/20/20 2:32pm

Ohh, no, I didn't respond for an hour when I had a meeting.

memento

3/20/20 2:40pm

Don't give me that condescending crap dude. You mentioned a compromise without

OlanchoCoug

3/20/20 2:46pm

Just because you don't like the proposal doesn't mean it's useless.

memento

3/20/20 3:02pm

It's pretty useless since those apartments will all get filled regardless for

OlanchoCoug

3/20/20 3:21pm

Have to offer and should are different issues

memento

3/20/20 4:22pm

I never argued that BYU housing doesn't restrict student options. Quit putting

OlanchoCoug

3/20/20 5:37pm

So if BYU housing restricts housing options they artificially

memento

3/20/20 5:43pm

Whatever dude, anyone that has taken econ 110 knows BYU landlords don't fit

OlanchoCoug

3/21/20 7:49am

You don't understand what monopolistic competition is.

memento

3/21/20 7:57am

I understand it quite a bit better than you. No landlord in Provo has monopoly

OlanchoCoug

3/21/20 3:12pm

RE: I understand it quite a bit better than you. No landlord in Provo has

memento

3/21/20 3:32pm

Agreed that Provo is hardly a free market. But landlords shouldn't cave here.

Shore10

3/21/20 9:49pm

The landlords paid for the BYU monopoly. That was factored into the price of the

garyfan

3/20/20 8:16am

Yep this is true and why I don't do BYU rentals. The margins are too thin.

johnnybyu

3/20/20 8:37am

Except for when the contract runs till August...

2Blue4U

3/20/20 6:13am

Some contracts run through August (Branbury, for example), most don't. Most end in April.

jdub

3/20/20 6:17am

I lived there, wouldn't recommend... but my sisters complex and mine both run to

2Blue4U

3/20/20 6:19am

My son currently lives there. This is his second year. Very much recommends.

jdub

3/20/20 6:37am

Good for him? Haha

2Blue4U

3/20/20 6:45am

Your comment was a non-sequitur (you wouldn't recommend) so I was responding in kind.

jdub

3/20/20 7:13am

I don’t think that’s close to true anymore. Most now run through August.

TCuz

3/20/20 6:25am

Just did a quick scan of several larger apartment complexes in Provo. Most had 2 options: Fall/Winter

jdub

3/20/20 6:36am

You're really hurt by this, eh?

2Blue4U

3/20/20 6:45am

I'm invested in the discussion as much as you are. Are you suggesting you're hurt by it?

jdub

3/20/20 7:17am

There are still some holdouts. It’s not 100%, and it’s usually the grosser places

TCuz

3/20/20 6:50am

This is so refreshing to see. It gives me hope in the future generations.

Acorn

3/20/20 8:15am

Where are you seeing the majority ending in April. Most I’ve seen end in August

LaserCoug

3/20/20 6:59am

Here’s the 2019 housing guide. Slightly more than half have only year round

TCuz

3/20/20 7:04am

So the landlords are left with their mortgages, without rent to pay for them?

TailgateU

3/20/20 7:38am

I think tons of contracts go through summer. But if it’s just April, $300 isn’t

garyfan

3/20/20 8:14am

Did BYU refund tuition? If not BYU should stay out of it

johnnybyu

3/20/20 7:57am

Seeing as BYU designates "BYU approved housing" they are very much involved

memento

3/20/20 8:04am

I don't own BYU housing because the numbers barely work in good times. I have

johnnybyu

3/20/20 8:15am

I guess you think the landlords should eat the loss?

Acorn

3/20/20 8:08am

Agree with Acorn. We are all Dominoes currently ready to fall.

grandpacoug

3/20/20 5:35am

If you agree it's socialism, then you are mistaken

jdub

3/20/20 6:03am

Look. If your kids don't want to honor their executed contract

Acorn

3/20/20 8:16am

I feel bad for your wife

memento

3/20/20 8:27am

Grow up. Personal insults make you look even more foolish.

Acorn

3/20/20 9:35am

RE: Grow up. Personal insults make you look even more foolish.

memento

3/20/20 9:39am

You said "grow up" and complained about personal insults right after insulting me. Maybe take your own

jdub

3/20/20 1:05pm

I said my wife would make a good socialist. Calm down.

Acorn

3/20/20 1:31pm

The fact that BYU has inserted themselves onto the contract process complicates

LaserCoug

3/20/20 1:41pm

It would be interesting to hear a lawyers take on this.

Acorn

3/20/20 1:45pm

<< Deleted >>

jdub

3/20/20 2:01pm

It's funny you're trying to pretend now you didn't mean to imply BYU's request was like socialism

jdub

3/20/20 1:46pm

Calm down and go back and read it more slowly. Read exactly what it says.

Acorn

3/20/20 1:53pm

Haha, it's funny you keep pretending your subject doesn't imply you compared this to socialism.

jdub

3/20/20 2:02pm

OK. I understand. I can't do much more than write exactly what I mean.

Acorn

3/20/20 2:08pm

Do the contracts run through May or August?

Gustav

3/20/20 6:02am

Vast majority run through mid August

Turnpike Lane

3/20/20 8:07am

They should do so only when BYU refunds the students for the tuition

HighHorse

3/20/20 6:32am

I think they should pay regardless. But BYU should definitely not be

johnnybyu

3/20/20 7:34am

If the student lost their job I could see a point but if they just had to move

johnnybyu

3/20/20 7:36am

This is the type of disaster/dilemma that the entire U.S. will be facing

mbs6

3/20/20 7:34am

Agreed this is also why the govt is sending out stimulus checks. If people stop

johnnybyu

3/20/20 7:40am

Not sure the checks will be nearly enough.

mbs6

3/20/20 7:46am

If the student lost their job they used to pay rent they should file for unemplo

johnnybyu

3/20/20 7:50am

I hope that BYU didn't officially ask this. The clause is clearly for personal

TAMUCoug

3/20/20 7:37am

Unless BYU wants to pony up the landlords should not be shamed or expected

Superman21

3/20/20 7:43am

BYU should forgive student tuition, then they can use that for rent.

dYrtbYkerYder

3/20/20 7:48am

Can finish school online. Can you live in the housing online too? Not the same.

Turnpike Lane

3/20/20 8:08am

The landlord didn’t tell the kids to move home.

Superman21

3/20/20 10:13am

This is why the govt is sending out stimulus checks. If you get a stimulus

johnnybyu

3/20/20 7:46am

Who was hit hard, the landlords or the students?

BYU Fan

3/20/20 7:52am

Agreed if a student lost their job they used to pay rent then I get the point

johnnybyu

3/20/20 7:55am

Harvard law professor said he expects class-action lawsuits for student housing

VballDad

3/20/20 9:04am

*Enter BYU requiring students to live in approved off campus housing*

TCuz

3/20/20 9:05am

What recourse does a landlord have if a student just leaves and stops paying

Beest

3/20/20 11:21am

Whatever it says in the contract that the landlord is willing to do.

TailgateU

3/20/20 11:27am

My daughter's housing contract says this about termination of contract:

Beest

3/20/20 12:19pm

Yes

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