6 ms·
Simply, Yes.
by ethanwillis 6y ago
Simply, Yes.
- strawberrypuree 6y agoWhy do you think so? The article comes to the opposite conclusion.
- ethanwillis 6y agoThere are a few things people make sure they have paid first. Rent is at the top of that list. However, if they're behind, continue to be behind, and can't find employment with an economy contraction... they're not going to catch up. That $2,000 they're behind right now will balloon and become an eviction.
- TuringNYC 6y agoEither or -- 1. An eviction tsunami or 2. A foreclosure tsunami as "landlords" renting out their lower unit/extra room cannot make their mortgage. Note that just as there is a moratorium (in some cases) for rent, there is also one on mortgages (in some cases). Except the rent will probably never be paid once it is backed up enough, but the mortgage is still going to be due eventually. Secondly, there is also the carry of properties besides mortgages (property taxes, heating, maintenance.)