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Our nation had a housing affordability crisis long before the coronavirus. But if we don’t act soon to support renters and homeowners, we may have an eviction crisis on our hands.https://twitter.com/latimes/status/1263317343616348161 …
Congress should prioritize housing. That means: -federal moratorium on evictions/foreclosures -at least $100B in direct rental assistance that addresses tenant and landlord needs -broad mortgage relief -guarantee no lump sums are charged at the end of moratoriums
Our problems now are what we’ve come to think of as “normal” problems on steroids. They’re a thump on the head to remind us not to go back to “normal.”
I think the administration refers to apartments as human capital stock warehouses.
Support Basic Income
And this doesn’t help banks either. In the 2008 financial crisis, bankers had to become real estate brokers overnight and lost billions trying to unload houses they didn’t want. This is a win-win, even if the banks took a haircut.
It's already happening
thank you for standing up for renters and pointing out the housing affordability crisis consistently. I miss you T_T
To which wealthy, still-working schlubs will these empty be rented? Don’t those people already have somewhere to live?
My family has provided affordable housing in San Jose for 80 yrs. Hard-working mom-&-pop landlords are heroes for providing safe housing when tenants needed it most. Suspending rents is unconstitutional. It’s also about preserving our nation’s housing stock.
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