3 ms·
From the article: "Around 15% of adult renters are not current on their housing payments" I take this as a sign that something is very, very wrong with the eco
by brobdingnagians 5y ago
From the article: "Around 15% of adult renters are not current on their housing payments"
I take this as a sign that something is very, very wrong with the economy.
Anytime there are literally millions of people in a country at danger of immediate eviction at the same time, there are probably a lot more problems in the economy than just that.
A moratorium on evictions is a band-aid on a gunshot wound. It simply masks the real problem until the patient collapses.
There are signs of financial bubbles, large unemployment, small businesses closing, even entire industries struggling. This isn't just another boom-bust cycle, but there is something larger at play.