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2 Million Households Now Owe $15 Billion in Back Rent

Weatherman2020

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One of the reasons why the public outcry over the pandemic restrictions has been so muted is that the full costs of the lockdowns are often obscured by government edicts that prevent markets from making those costs known. Last weekend the socialist experiment of free rent ended.


As many as 1.95 million households across America owed a collective $15 billion in back rent when a nationwide eviction moratorium expired this weekend, according to Federal Reserve Bank of Philadelphia estimates.

That number will reach 2 million by December, according to the report released Friday. In Pennsylvania, about 60,000 renter households will owe $412 million come August.
All according to plan.

“Hey, let’s give everyone enough money to pay their rents. At the same time, we will tell them they cannot be evicted for not paying their rent”

They knew exactly what they were doing. Setting a timer, on a bomb.

There will be few rentals in the future, only an idiot would take the gamble the government won’t do it again. I am laughing at all the millennials with no affordable rentals available who think socialism works.
 
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JGalt

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Nothing to see here. Uncle Joe is just solving the housing shortage and bringing diversity to the homeless population.

Someone's gonna make a killing by buying up all those vacant houses and apartments.
 

Deplorable Yankee

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One of the reasons why the public outcry over the pandemic restrictions has been so muted is that the full costs of the lockdowns are often obscured by government edicts that prevent markets from making those costs known. Last weekend the socialist experiment of free rent ended.


As many as 1.95 million households across America owed a collective $15 billion in back rent when a nationwide eviction moratorium expired this weekend, according to Federal Reserve Bank of Philadelphia estimates.

That number will reach 2 million by December, according to the report released Friday. In Pennsylvania, about 60,000 renter households will owe $412 million come August.
All according to plan.

“Hey, let’s give everyone enough money to pay their rents. At the same time, we will tell them they cannot be evicted for not paying their rent”

They knew exactly what they were doing. Setting a timer, on a bomb.

There will be few rentals in the future, only an idiot would take the gamble the government won’t do it again. I am laughing at all the millennials with no affordable rentals available who think socialism works.
Comrades government created problems are easily solved with expert government solutions.....please face wall .

Its gonna get uglier and uglier

dxdffvf.jpg
 

gipper

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One of the reasons why the public outcry over the pandemic restrictions has been so muted is that the full costs of the lockdowns are often obscured by government edicts that prevent markets from making those costs known. Last weekend the socialist experiment of free rent ended.


As many as 1.95 million households across America owed a collective $15 billion in back rent when a nationwide eviction moratorium expired this weekend, according to Federal Reserve Bank of Philadelphia estimates.

That number will reach 2 million by December, according to the report released Friday. In Pennsylvania, about 60,000 renter households will owe $412 million come August.
All according to plan.

“Hey, let’s give everyone enough money to pay their rents. At the same time, we will tell them they cannot be evicted for not paying their rent”

They knew exactly what they were doing. Setting a timer, on a bomb.

There will be few rentals in the future, only an idiot would take the gamble the government won’t do it again. I am laughing at all the millennials with no affordable rentals available who think socialism works.
Our corrupt government spends trillions to enrich the rich, but can’t help the poor. As the OP indicated, we shouldn’t have socialism for the poor. They need capitalism, while the rich get socialism.

We have a trillion dollar war budget enriching the rich. We have a tax law that allows billionaires to pay little to nothing in taxes. But hey! The poor are on their own.

What a country!
 
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Penelope

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One of the reasons why the public outcry over the pandemic restrictions has been so muted is that the full costs of the lockdowns are often obscured by government edicts that prevent markets from making those costs known. Last weekend the socialist experiment of free rent ended.


As many as 1.95 million households across America owed a collective $15 billion in back rent when a nationwide eviction moratorium expired this weekend, according to Federal Reserve Bank of Philadelphia estimates.

That number will reach 2 million by December, according to the report released Friday. In Pennsylvania, about 60,000 renter households will owe $412 million come August.
All according to plan.

“Hey, let’s give everyone enough money to pay their rents. At the same time, we will tell them they cannot be evicted for not paying their rent”

They knew exactly what they were doing. Setting a timer, on a bomb.

There will be few rentals in the future, only an idiot would take the gamble the government won’t do it again. I am laughing at all the millennials with no affordable rentals available who think socialism works.
So not one of them are republican's, I bet many of them are.
 
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22lcidw

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So not one of them are republican's, I bet many of them are.
The direction of our nation has been towards socialism for a long time. More and more programs are added by the federal government and state, local and city governments. Federal mandates also force those governments to pay for programs. It never seems to be enough. And it never will be.
 

struth

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Our corrupt government spends trillions to enrich the rich, but can’t help the poor. As the OP indicated, we shouldn’t have socialism for the poor. They need capitalism, while the rich get socialism.

We have a trillion dollar war budget enriching the rich. We have a tax law that allows billionaires to pay little to nothing in taxes. But hey! The poor are on the own.

What a country!
huh? the Govt provides money for housing, medical care, food etc for the poor

most landlords impacted by this are the “wealthy”

it’s middle class investors that own a townhouse or two.
 

Gabe Lackmann

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Well, now that this uber faggotry has ended. Perhaps they can find someone to make my bed the next time I check into a hotel?
This goes to show you that most people are poor because they are lazy, and choose to be so.
 

gipper

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huh? the Govt provides money for housing, medical care, food etc for the poor

most landlords impacted by this are the “wealthy”

it’s middle class investors that own a townhouse or two.
Wrong. You apparently are unaware that millions of Americans could be evicted from their homes.

No one said landlords are the wealthy, except you. This is wrong too. Many aren’t wealthy.

If you think I’m suggesting landlords assume the lose, you need to think again.
 

Blues Man

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Man am I glad I sold all my rental properties in 2019
 

Care4all

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The federal Covid relief bill has 10s of billions in it for renter/landlord relief that was given to the states to distribute.

This was 4 months ago, the states got the money for renters/landlords and the states have only distributed 5% of the relief money.

The states are not doing their job in getting this relief in to the hands of renters and landlords.
 
OP
Weatherman2020

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..and Biden is enabling these lazy, IRRESPONSIBLE , stupid people ..so their culture continues to fail..another example of how Biden is destroying the US
Destroying America is the goal of the Left.
 
OP
Weatherman2020

Weatherman2020

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Our corrupt government spends trillions to enrich the rich, but can’t help the poor. As the OP indicated, we shouldn’t have socialism for the poor. They need capitalism, while the rich get socialism.

We have a trillion dollar war budget enriching the rich. We have a tax law that allows billionaires to pay little to nothing in taxes. But hey! The poor are on the own.

What a country!
And you voted for a guy who spent 5 decades voting for those tax laws you Leftards bitch about.
 
OP
Weatherman2020

Weatherman2020

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The federal Covid relief bill has 10s of billions in it for renter/landlord relief that was given to the states to distribute.

This was 4 months ago, the states got the money for renters/landlords and the states have only distributed 5% of the relief money.

The states are not doing their job in getting this relief in to the hands of renters and landlords.
Lie.
 
OP
Weatherman2020

Weatherman2020

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huh? the Govt provides money for housing, medical care, food etc for the poor

most landlords impacted by this are the “wealthy”

it’s middle class investors that own a townhouse or two.
And lower income folks pay zero in Fed taxes.
 

Moonglow

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One of the reasons why the public outcry over the pandemic restrictions has been so muted is that the full costs of the lockdowns are often obscured by government edicts that prevent markets from making those costs known. Last weekend the socialist experiment of free rent ended.


As many as 1.95 million households across America owed a collective $15 billion in back rent when a nationwide eviction moratorium expired this weekend, according to Federal Reserve Bank of Philadelphia estimates.

That number will reach 2 million by December, according to the report released Friday. In Pennsylvania, about 60,000 renter households will owe $412 million come August.
All according to plan.

“Hey, let’s give everyone enough money to pay their rents. At the same time, we will tell them they cannot be evicted for not paying their rent”

They knew exactly what they were doing. Setting a timer, on a bomb.

There will be few rentals in the future, only an idiot would take the gamble the government won’t do it again. I am laughing at all the millennials with no affordable rentals available who think socialism works.
Then why did Trump approve of socialist system then?
 

beautress

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