Article

2022-08-30 Economy

Census Bureau: 3.8 million renters likely to be evicted in next two months – why rental crisis is getting worse

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Posted by Besoeker 2022-08-30 05:35|| || Front Page|| [11132 views ] Top

#1 Federal occupancy standards must be established for single family dwellings. Everyone knows shelter from the elements is a basic human right.

Posted by Besoeker 2022-08-30 05:42|| 2022-08-30 05:42|| Front Page Top

#2 The combination of rising inflation, the end of most eviction moratoriums and rent subsidy payments, and an extremely low vacancy rate has pushed rents up — and many tenants are leaving.

Inflation, moratoriums and subsidies - three factors created by government. Screw with the market and then feign surprise at the consequences.

Posted by Procopius2k 2022-08-30 07:43|| 2022-08-30 07:43|| Front Page Top

#3 I also blame basic greed by many landlords (not all, just many)

Posted by Seeking Cure For Ignorance 2022-08-30 08:02|| 2022-08-30 08:02|| Front Page Top

#4 Everyone knows shelter from the elements is a basic human right.

Stand in her shadow.

Posted by Skidmark 2022-08-30 08:03|| 2022-08-30 08:03|| Front Page Top

#5 Why should we believe the census bureau?

Posted by Airandee 2022-08-30 11:54|| 2022-08-30 11:54|| Front Page Top

#6 Census Bureau: 3.8 million renters likely to be evicted in next two months

Hmmm. What happens in a bit over two months that this 'crisis' can be used to collect more supporters for?

Posted by Mullah Richard 2022-08-30 12:59|| 2022-08-30 12:59|| Front Page Top

#7 Supply and demand. Gotta make room for the 5 million illegal aliens imported in the past 18 months.

Posted by Snash Shairt9621 2022-08-30 13:07|| 2022-08-30 13:07|| Front Page Top

#8 Yeah, but who's going to pay rent for those illegal aliens. Oh, that's right. We will.

Posted by Abu Uluque 2022-08-30 13:38|| 2022-08-30 13:38|| Front Page Top

#9 The unspoken aspect of this is tha tthe debt for past dues rent will remain once the moratorium is removed. So in addition to eviction, the rent constitutes a personal debt, inducing 4 million bankruptcy filings unless the Democrats create a way to erase that debt as well. Think about the rough numbers, 4 million times 2000/month times 24 months = $192 billion potentially, and perhaps twice that or more overall.

Posted by NoMoreBS 2022-08-30 13:44|| 2022-08-30 13:44|| Front Page Top

#10 That will make it interesting for the folks trying to make the US a nation of renters rather than homeowners.

Posted by ruprecht 2022-08-30 18:25|| 2022-08-30 18:25|| Front Page Top

#11 #9, the landlords are affected too. Unlike the universities, which should be - but are not - getting claw back pressure over the debt cancelations.

Posted by M. Murcek 2022-08-30 18:35|| 2022-08-30 18:35|| Front Page Top

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