Rantburg

Today's Front Page   View All of Fri 05/03/2024 View Thu 05/02/2024 View Wed 05/01/2024 View Tue 04/30/2024 View Mon 04/29/2024 View Sun 04/28/2024 View Sat 04/27/2024
2021-10-08 Home Front: Politix
What happened to the eviction crisis?
[HOTAIR] From the beginning of the pandemic, many of us realized that there was no easy answer to the eviction situation with so many people suddenly out of work. When the moratorium ended, either the delinquent renters would be unable to catch up and be evicted or the landlords would be unable to recover their loss rental incomes and go bankrupt. The only way to avoid the situation would be to dump the problem on the backs of the taxpayers and bail everyone out.That’s exactly what happened. In the pandemic rescue package, nearly fifty billion dollars was allocated to send to delinquent tenants so they could pay off their landlords. That money is finally flowing out and the crisis in many areas has been largely averted. Also, as the AP notes, many landlords who could serve eviction notices right now have been voluntarily holding off if the tenant has applied for the federal funding. That generosity is probably cheaper than going through all of the hassle of a court proceeding to evict someone.

Another factor is the fact that there are still localized eviction moratoriums in place in some states and cities. But assuming most of those people also apply for federal aid through the rescue deal, it’s possible that most of them will see their situations sorted out as well.

Yes, there were certainly still some evictions taking place. The AP features a story about a woman who is a grandmother and an exotic dancer (?) who was evicted in Tucson recently, along with her two children and her grandchild. She’s currently staying with relatives while applying for grant money to get a new apartment. I’m sure there are many more of those stories out there.

So what lesson should we take away from all of this? Was it really a wise investment of $50 billion in taxpayer money to settle the debts of these renters and those who were delinquent on their mortgage payments? I suppose the government has done far stupider things with our money in the past, and at least real, working-class people (in many cases) are benefitting from it. And since it was the government’s decision to shut down the economy and cause everyone to lose their jobs to begin with, perhaps that’s where at least some of the responsibility should have been placed all along.



Posted by Fred 2021-10-08 00:00|| || Front Page|| [14 views ]  Top

#1 What happened to the college loan crisis?
Posted by The Walking Unvaxed 2021-10-08 06:18||   2021-10-08 06:18|| Front Page Top

#2 What happened to the opioid crisis?

What happened to the (fill in the blank) crisis?
Posted by Tom 2021-10-08 13:12||   2021-10-08 13:12|| Front Page Top

#3 All god's chillun got crises
Posted by Crineng Untervehr3640 2021-10-08 13:33||   2021-10-08 13:33|| Front Page Top

18:49 Frank G
18:43 3dc
18:07 swksvolFF
18:04 swksvolFF
17:35 Procopius2k
17:13 Elmerert Hupens2660
16:46 Crusader
16:43 Crusader
15:52 Silentbrick
15:49 Alistaire Platypus7674
15:43 swksvolFF
15:30 Grom the Reflective
15:28 Grom the Reflective
15:21 badanov
14:57 Elmerert Hupens2660
14:52 bman
14:52 trailing wife
14:39 Lord Garth
14:39 trailing wife
14:36 ed in texas
14:31 Lord Garth
14:14 Elmerert Hupens2660
13:59 Grom the Reflective
13:45 mossomo









Paypal:
Google
Search WWW Search rantburg.com