11M US households face eviction over the next four months

11M US households face eviction over the next four months

Global advisory firm Stout, with input from the National Coalition for a Civil Right to Counsel (NCCRC), estimates that more than 11M US households could be served with eviction papers over the next four months. Currently, the national estimated rent shortfall totals $22B. Earlier, as part of CARES, Congress put a 120-day (expired July 25) nationwide eviction moratorium on certain rentals.

pennydreadful
pennydreadful
RB6991
RB6991 1 weeks

Conservative here. This’ll be unpopular, but it still rings true. You have to get through red tape to open or engage in any business; and often have to provide proof that you can uphold it in order to engage in that business. The majority obviously agrees with this sentiment or it would not be the law of the land. In insurance, this concept is illustrated in the solvency of a company. If you are renting a property you are engaging in business. All investments and business comes with risks. You, as the property owner, should prepare for possible losses in the event of crisis. Saving up 6 months of expenses to keep your business running ought to be a requirement to prevent displacement issues such as these. Many people give over a third of their income to pay for housing, only for the common blue-collar worker to suffer when issues like these arise. Reasonable time needs to be allowed and payment plans made to pay for back-rent due to unemployment or other complications. If the party owing rent does not agree to create or refuses to comply with (excluding the inability to do so) the payment plan which both parties must establish and agree to in a timely manner, then evict. It can be regulated by a state or county authority so as to keep federal hands off. Seems fair. So, does that mean I think free housing should be a thing? Absolutely not. Resources are allocated and paid for in any economy. However, the person paying the rent should not suffer because the person who owned the property was too much of an imbecile to prepare for a risky investment. You have to save money before opening up shop and getting started, and save along the way as you go, so you can keep yourself afloat. This comes from someone who has rented and purchased a home at different times.

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