America is Fucked
America is Fucked
Out of context: Reply #1541
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- yuekit1
Millions of Americans are heading into the holidays unemployed and over $5,000 behind on rent
Nearly 12 million renters will owe an average of $5,850 in back rent and utilities by January, Moody’s Analytics warns. Last month, 9 million renters said they were behind on rent, according to a Census Bureau survey....
Many unemployed Americans were able to delay paying rent this fall under eviction moratoriums. But those protections end soon, and landlords and utilities are eager to get paid, because they have their own bills and taxes to pay. Economists warn low-income families won’t be able to suddenly pay back three to six months of rent at once.
- They'll just have to pull themselves up by their bootstraps...no worries capitalism will be there for them when they need it most.utopian
- It's like no shit...what did people who came up with this policy think would happen? Of course a low income family isn't going to be able to pay back $6k inyuekit
- back rent, all at once or possibly ever.yuekit
- You've changed your tune Utopian. I'm glad you can see that the market will have to evolve to ensure depts are settled. It's likely there will be special and...Morning_star
- ...manageable agreements to pay the rent that's owed. There's no point in kicking these people out of their homes as the burden of 12million homeless is far...Morning_star
- ...more costly to the state and the landlords will get nothing. Capitalism finds a way.Morning_star
- What solution do you think capitalism is going to come up with Morning_star?yuekit
- "special and manageable agreements"
I like your optimism but never lived in America if you think that's gonna happen :)yuekit - You're right i'm not in the US but surely the burden of 12million homeless families at a state level is far more costly from a human and commercial than...Morning_star
- They’ll just have to sleep in their cars and work their zero hours contract jobs. Innovation never sleeps etc.PhanLo
- ...a government supported scheme to allow more manageable debt payments with support to landlords.Morning_star
- Do you think they will pass the second stimulus check before the end of the year? Neither do I...Maaku
- There won't be a stimulus bill until 1/20 and unless the Democrats get those two senate seats, Biden will have to issue an executive order.CyBrainX
- In NY, Homelessness in the city has reached levels not seen since the Great Depression with more than 57,000 homeless people as of October.PhanLo
- An all-time record of 20,210 single adults, the highest than at any other time in the history, slept in shelters; with 15,369 single men, 4,841 single women.PhanLo
- Research shows that the primary cause of homelessness, particularly among families, is lack of affordable housing. But the pandemic has seen those numbers rise.PhanLo
- Fuck landlords and banks for not dropping rent. Seriously. The city won’t come back unless all real estate prices adjust. It can’t.monospaced