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Plus mortgage forbearance and eviction moratoriums... So you have more money in monthly unemployment and a pause on peoples' #1 expenses. Until these programs
by beambot 5y ago
Plus mortgage forbearance and eviction moratoriums... So you have more money in monthly unemployment and a pause on peoples' #1 expenses. Until these programs end, I wouldn't even speculate about the future state of labor markets.
- Clubber 5y agoEviction moratoriums ended yesterday (7/31/2021). Not the smartest thing to just cut off all at once. An obvious tell as to who the government (both parties) considers their constituents. Also not the smartest thing to do during a pretty large resurgence of COVID. Expect another year of this at least. People without a place to live are a great way to spread a communicable disease. I mean we're talking millions all at once. Expect an uptick in crimes of desperation. We might even read a few articles about dead bodies on the streets in the coming months. It could get that bad. https://www.washingtonpost.com/business/2021/06/30/housing-eviction-moratorium-white-house-summit/ https://www.washingtonpost.com/business/2021/06/30/housing-e... I dunno what's gonna happen, but it probably won't be good. https://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2021/06/22/as-cdcs-eviction-moratorium-ends-states-prepare-for-flood-of-cases https://www.pewtrusts.org/en/research-and-analysis/blogs/sta...
- beambot 5y agoI'm not advocating for the cessation of mortgage forbearance nor eviction moratoriums. All I'm saying is that they distort the labor markets and will continue to do so until we reach a new post-COVID steady state. (Don't know why this triggers down votes.)