Coronavirus is going to create the mother of all housing crises if we don't act now

That’s a big increase in missed payments, compared with even one month before. In March, 81% of households paid the rent within the first days of the month. By April, on-time payments dropped to 69% of households.

It’s not really surprising that so many tenants couldn’t make the rent this month, considering that 16.6 million people — roughly one in 10 workers —But it’s still shocking to see how quickly so many renters sank into financial distress. It’s another reminder that too many people live paycheck to paycheck, and teeter on the edge of losing their home even in normal times.during the coronavirus emergency. That will keep people housed during the pandemic.

opinion Here’s an idea, state and local officials should pull their heads out of their asses and assess the crazy taxes which cause housing prices to soar. Blaming Trump and relying on the fed does not fix the situation.

opinion They have no morals, therefore, no moral obligations.

opinion Spoiler Alert: They won’t

opinion We want a housing crisis. Drop those high prices. So people with savings can buy one cash and then live comfortable with out having to worry about a high mortgage payment.

opinion The administration has a moral obligation to keep people safe & ALIVE that isn’t being upheld Housed? I doubt it

opinion MORAL this is trump your talking about really.

opinion Did you just use the words moral obligation in reference to Trump? Good luck with that!

opinion That’s assuming the current administration cares about that moral obligation or feels it applies to them in any way, shape or from.

opinion Yeah..let the banks have all the foreclosures.

opinion First millions of homeless, then landlords will start going broke. Predatory Republican Real Estate Billionaires have been buying up housing for the poor, people living in trailer parks, and gouging them with skyrocketing rents. Seeing them go bankrupt is devoutly to be wished.

opinion Come on... at least let 2 months before you try to ruin other’s people... just lazy people ask for it

opinion will be a good time to buy a house. also a new car. gonna be a buyers market once sales reopen!

opinion Guarantee the payments to the property owners and problem solved.

opinion KamalaHarris SenFeinstein we need to do something about this. Before it's to late.

opinion TUMP👏🏼IS👏🏼CLINICALLY 👏🏼DEVOID👏🏼OF👏🏼MORALS👏🏼AND👏🏼THE👏🏼GOP👏🏼ARE👏🏼HIS👏🏼CULT👏🏼FOLLOWERS👏🏼

opinion I feel the anxiousness and fear of all those unable to pay their Rent on April 1, ... NOT AT ALL for those able to pay and just chose NOT to pay !

opinion Trump preparing to announce second task force focused on economic recovery

opinion

opinion The next “Big Short” ladies and gentlemen. Overpriced POS houses

opinion BTW Mr or Ms Journo.....CRISES IS SPELLED CRISIS....Spelling Matters from Journos

opinion Airbnb created the mother of all housing crises already and the mother of all homeless crises too. And everyone knows it.

opinion As long as the bailout includes paying the rent through a subsidy I’m in.

opinion Its going to create another RODNEY KING uprising and we damn sure don't need that in this time of peril

opinion 'They have a moral obligation to save the U.S. from another housing crisis.' OK - we don't want them to do what the Clinton admin did, do we. Former Clinton HUD Sec Andrew Cuomo, Father of his subprime fueled housing bubble that led to the financial crash and Great Recession.

opinion This is going to blow up bigly in high cost of living states west and eastcoast.

opinion Here's my sign . . 'End property taxes now.' I do have one rental 1/2 way across the US. Had to put it up for rent when I couldn't sell it following a move. Takes me 7+ mo's of net rent, simply to pay the prop tax and insurance. Then maintenance, upkeep, repairs, utilities

opinion

opinion And talk about Homeless as if it weren't big enough this will certainly make it worse. Just think about what's gonna happen when everybody's car and house payments and credit card bills are all OVER-do it's going to affect creditscore too End Rating hackers exposed + COVID

opinion And mortgages will create father of all housing crisis.

opinion Not to mention what is happening in the Short Term Rental market which is mostly banned right now.

opinion Open businesses....all the numbers are projections have been wrong.

opinion Let people back to fucking work GavinNewsom

opinion Dog eating civilization

opinion And/or you can end the suicidal lockdowns and let people open their businesses and work. Bailing anyone out is going to have negative consequences. It needs to stop ASAP.

opinion I guess people really do want to suckle on the government boob.

opinion GavinNewsom LondonBreed MayorOfLA

opinion My tenant working and im not tho😫

opinion End rent? You might as well break into the home of the owners and rob them of their investment directly. A moratorium, yes.

opinion And here we go ....

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