Millions of Evictions Are a Sharper Threat as Government Support Ends....

[PopsnTuff]

Without more federal aid for workers, experts are expecting the largest disruption to the housing market since the Depression.
Just as important as those protections were the federal unemployment and stimulus payments. After all, most renters do not have eviction problems if they stay current on their bills, and with help from the $1,200 stimulus payments and $600 in extended unemployment that came with the CARES Act, many of them have.

That help is ending, and renters are slipping off the cliff.

But people are now falling behind. Though it will take until mid-month to get a true sense of how bad August will be, several tenants who lost their jobs stopped paying rent in the first few days. "The aid that folks are relying on has dried up and not a lot of places are hiring," Mr. Schenk said.

While there's no comprehensive data on rent payments, a weekly tracker from the National Multifamily Housing Council that covers about 11 million units has started slipping.

https://news.knowledia.com/US/en/ar...ends-b762ab14edb3b9ec34bfbcc6404673d50d0be41d

(So awfully sad for way too many americans )

 

[chic]

No address = no vote. Another angle of the problem.

 

[911]

The President signed an Executive Order restraining all evictions for another however many months, but this has to end eventually, then what? We can't (or shouldn't) keep printing money. Of course, we always say this until the next crisis and then we fire up the printing presses again. I really do feel bad for the service workers who have lost their jobs for example; waiters and waitresses, people in the hotel and travel business, small business owners, etc.

We also have to feel equally as bad for those poor people in Beirut. I am not soliciting donations for the Lebanese, but up to 300,000 people, including children could be homeless. As you know, Beirut was already in an economic crisis when the explosion occurred. Here is an article from USA Today explaining their demise and also a list of places where you can safely and legitimately donate, if you so desire. (Please consider doing so.)
USA Today

Anytime there has been a crisis in the world, the U.S. citizens and government have stepped up to help. This is part of who we are. Say what you want about us, but we are a giving and forgiving society and nation.

 

[Aunt Bea]

In New York, Governor Cuomo and the state legislature passed The Tenant Safe Harbor Act that prohibits evictions due to financial hardship beginning March 7, 2020 and continuing until the Governor declares an official end to the pandemic in New York State.

The new law is comforting but it also allows people to ignore their obligations and pushes the problem into the future. IMO the tenants should be encouraged/required to pay as much as they are able to afford during this period and be allowed to incorporate any past due amounts into future rent payments after they have returned to work.

As an example, if your rent is currently $1,200/month and you are only able to pay $600.00/month for three months the new adjusted rent would be $1,350/month for a year. It sounds harsh but IMO it's much cheaper than eventually being evicted and dealing with the cost of finding a new place to live.

 

[hellomimi]

"We can't (and shouldn't) keep on printing money."

The government has been doing this for the longest time. What's to stop them now? Sad to say, prices of goods and services have gone up, up and away! <sigh>

 

[911]

In New York, Governor Cuomo and the state legislature passed The Tenant Safe Harbor Act that prohibits evictions due to financial hardship beginning March 7, 2020 and continuing until the Governor declares an official end to the pandemic in New York State.

The new law is comforting but it also allows people to ignore their obligations and pushes the problem into the future. IMO the tenants should be encouraged/required to pay as much as they are able to afford during this period and be allowed to incorporate any past due amounts into future rent payments after they have returned to work.

As an example, if your rent is currently $1,200/month and you are only able to pay $600.00/month for three months the new adjusted rent would be $1,350/month for a year. It sounds harsh but IMO it's much cheaper than eventually being evicted and dealing with the cost of finding a new place to live.

Sounds like a workable plan. We will have to wait and see the effect of it. I feel bad for the people in this strained situation.

 

[Pepper]

No address = no vote. Another angle of the problem.

BRILLIANT!

 

[AnnieA]

No address = no vote. Another angle of the problem.

BRILLIANT!

Not an issue with the new eviction moratorium executive order signed yesterday that will go into 2021. Politics have always been nasty and the US bunch overall keeps finding new lows, but I don't think we're at the "kick people out on the street" to keep them from voting low yet.

 

[Pepper]

but I don't think we're at the "kick people out on the street" to keep them from voting low yet.

That's all right. It's a long term plan. Just head in that direction. No real rush.

 

[AnnieA]

That's all right. It's a long term plan. Just head in that direction. No real rush.

We're headed for disollution.

I posted a meme on my facebook page November 2016 that we vote now because "even the handbasket needs a pilot" but I really don't believe that. Our handbasket to hell has lots of hands pulling and pushing it down, both elected and those behind the scenes. And our choices now are even worse than then.