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Discussion Evictions will be starting soon.

Grey_Beard

Golden Member
Sep 23, 2014
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From the article:

“There are 30 million to 40 million people in the United States at risk of being evicted by the end of the year, according to a report released Friday by the National Low Income Housing Coalition. Unless Congress acts to reimpose a moratorium on certain evictions, extend unemployment benefits or offer some other relief, these people could be forced out of their homes in the middle of an economic downturn and a pandemic.”


This is another epic disaster that will have major economic impacts. If anyone thinks this economic rebound is going to be a quick climb, you are mistaken. This is another disaster that the lack of an agreement on the next stimulus is creating. $200 per week or 70% of earnings will not solve this. The ripples are evictions. Landlords will have high vacancy rates. They will default. Building will be left empty. New construction will stop as their credit dries up or costs too much. This will lead to more unemployment.

The new landscape is a stark one. The decade will be a trying one for many.
 

Grey_Beard

Golden Member
Sep 23, 2014
1,584
1,636
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I'm surprised medical bills haven't been more of an issue
They will be. Once the care around COVID-19 begins to recede, the lack of insurance will start another flow of economic destitution. Right now though, most COVID-19 costs are covered. Insurance was extended by the last CARES Act. No electives. Many are putting off procedures. This cannot last much longer.
 

Jhhnn

No Lifer
Nov 11, 1999
61,657
13,735
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Bootstraps, bitches. Buy a tent & claim a plot in Hooverville. Fuck them Poors. Shoulda been Rich. Let the Liberal tears flow like Niagara Falls.
 
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nickqt

Diamond Member
Jan 15, 2015
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$10,000 to every adult American, costs $1.8T, about 1/4 of what's already been spent.
 

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