4 ms·
$1000 for a month isn't quite enough to keep the lights on for middle class families living paycheck to paycheck.
by JMTQp8lwXL 7y ago
$1000 for a month isn't quite enough to keep the lights on for middle class families living paycheck to paycheck.
- SauciestGNU 7y agoHopefully in addition to monetary grants there will also be suspension of rent, mortgage, utility, and student loan repayments while this is ongoing.
- joe-collins 7y agoSuspension of rents seems like one of the biggest things I see missing across the board. Suspended mortgages are great... for those wealthy enough not to be renting. $1k/adult will cover rent for many couples outside of tech hotspots, but it won't go a lot farther, and that doesn't begin to address singles.
- ed312 7y agoA significant percent, (I want to say most, but I don't have the numbers), of rental properties are covered by mortgages or other financing. "Pausing" mortgages can be done in a fairly centralized manner. Pausing rent is almost impossible because everyone has an individual contract and there isn't a central clearing house. It's a hard problem.
- int_19h 7y agoAll it takes to pause rent, is passing a bill that says so. The reason why landlords can collect rent is because the government will enforce their property right and help them evict tenants who will not.
- JMTQp8lwXL 7y agoRental companies are already sending "we won't evict you" / "please speak to us if you have financial hardship" communications. These help, but the bills will still pile up and the government check won't cover 100% of expenses.
- joe-collins 7y agoPrecisely.
- drdeadringer 7y agoI'll keep looking for when my landlord says anything close to this, if anything at all.
- deleted 7y ago[deleted]
- treis 7y agoEvery expense is income to someone else. If I stop paying my mortgage it means some pension fund doesn't have the income to pay their retirees. There's no real way out of a months long shutdown. Our economic out put will be cut ~10% on an annual basis for every month. Thats real economic production gone forever. And theres no pause button on the economy. Stopping it means businesses fail and the relationships/organization that generates economic value will go away with them.
- pengaru 7y agoPer adult with more per child...
- irrational 7y agoBased on 2018 tax return. But if you are out of work in 2020, well... too bad.