Posted on 07/31/2021 4:13:10 AM PDT by Libloather
**SNIP**
Bears is one of thousands of Americans who have been shortchanged by a yawning disconnect between two well-meaning policies lawmakers passed in response to the pandemic.
One, a federal ban on some evictions, is set to expire Saturday. Another, a $46.5 billion emergency fund aimed at getting rent to tenants at risk of eviction, has been painfully slow to get off the ground, with some states and counties unable to spend even a dollar of the money they were provided months earlier.
The expiration of the federal moratorium, following a last-ditch effort by congressional Democrats to revive it that is expected to fail, will leave renters with few pandemic-era protections as courts begin processing steep backlogs of eviction cases. Only nine states and the District of Columbia have some kind of emergency protections for tenants that will last into August, according to an analysis by The Washington Post.
Protections in Washington state and in Seattle
Washington state’s eviction moratorium already expired, but a new “bridge” policy protects some tenants, particularly those with low incomes and those facing eviction for failure to pay rent. In Seattle, a moratorium on nearly all evictions will remain in place through Sept. 30.
That has magnified criticism of the sluggish Emergency Rental Assistance Program, which some advocates say was flawed from the get-go because it relies on state and local governments across the country to create and administer their own programs. While some states quickly set up programs, others struggled to locate people in need or else received so many applications that the onslaught overwhelmed staff and software systems, causing months-long delays.
Six months after the aid program was approved by President Donald Trump in December, just 12 percent of the first $25 billion in funds had reached people in need...
(Excerpt) Read more at seattletimes.com ...
“total elimination of low cost housing”
The gov’t will take care of that by executive order.
National rent control, anyone?
On the brighter side, not living in Seattle provides the right to liberty and actually being an American
The really screwed are the banks.
Landlords who don’t receive rents don’t pay mortgages
Yup - landlords are going to demand higher rent, higher quality renters, higher security deposits or sell all together. All of which reduces rental units for affordable renters and renters with lower credit scores. The AOCs of the world may love this right now but in 12-24 months and beyond, it will a bad situation for a lot of renters.
Housing prices have gone up enough to cover the banks, and a lot of landlords have covered the mortgages in other ways (personal income, other rental income, savings, etc) at any rate.
Ideas worth thinking about...thanks.
There will be as many solutions as there are delinquencies. If you don’t have to pay rent for a year or more, that frees up a resource. Some will have a few bucks set aside and will negotiate something with the lamdlord.
Others will find an alternative one step ahead of the sheriff. That may be as simple as moving to a place they can better afford, or moving in with relatives or friends. As 30 million change of address forms to the usps in 2020 suggest, some millions have already acted.
Some people who’ve been reluctant to return to work will now do so, and thus will be able to afford housing.
People5, in the main, find solutions to their problems. I don’t see millions and millions of evictions. People will mostly figure it out short of their stuff on being put on the street.
My daughter got the $750 child tax credit….knowing it was an advance. She said…I’d rather have it now instead of wait til tax time. Then she followed up with….maybe this would be a way to help people out of poverty. I asked what she did with hers. She said she banked it in case she needs it later. I said…..now how many people do you think would do that? She laughed and said never mind, you’re right.
Same with the deadbeat renters. They got $600 a week plus but couldn’t pay their rent. Yeah, right.
All debts are paid.
Yup. Drive those evil landlords to the wall, and nationalize their properties.
—
Perhaps or perhaps China supplies the money for their friends to buy up the property.
Everyone deserves 50” tvs and Disney vacations.
How stupid we were to have scrimped and saved to have paid off the mortgage. Same with paying college tuition at each semester. Stupid, stupid, stupid.
Or do what my friend is doing with his 20-unit building. He’s converting it to condos. After a year of fighting with 15 dead beats some who haven’t paid rent in over a year he’s done. He figures if you can qualify for a mortgage on a condominium you might actually be able to pay the monthly maintenance fees. He’s probably right
Yup not a bad idea in a lot of markets.
By design.
Another failed COS giverment program. Nearly $50,000,000,000 unused because it is too hard to administer.
Even if the money were dispersed it would be smoked, drank, shot up, gambled and so forth.
Another stupid program, $550,000,000 to support minor league baseball that is only at best a $100,000,000 program in direct and indirect benefits. Giverment and politicrats only know how to boondoggle in spending.
Spend, spend, spend, spend.
It took four people to write that Washington Compost article.
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