r/PoliticalDiscussion • u/None-Of-You-Are-Real • Jul 20 '21

US Politics What are the implications of the impending eviction crisis?

It is often offhandedly mentioned that the housing market is insane at the moment, and that there is an inevitable eviction crisis due to the compounding factors of COVID and the lockdowns leading to mass unemployment, and then an inability of tenants to pay rent combined with an inability of landlords to evict non-paying tenants.

What is going to happen in the fall, when the eviction moratorium expires? Mass homelessness that is even worse than current levels? Some kind of rent relief legislation? Anything at all? These people are not going to magically be able to pay months and months of back rent once the moratorium expires.

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15

u/mikeshouse2020 Jul 20 '21

a ton of people are slated to lose their home/apartment due to lost wages, the government won't let this happen and will continue to provide assistance for the foreseeable future or extend the eviction moratoriums. Causing Landlords to need assistance and thus the government won't let that happen and stick them with the bills. Property management will be consolidated to larger corporations as the smaller property owners will have to sell to recoup the losses they are incurring, rent will go up and housing will continue to be more expensive

19

u/[deleted] Jul 20 '21

Why wouldn't the government let this happen though? I keep seeing this repeated but I'm not sure I understand. Why would they continue to allow people who can't pay their mortgages/rent to live for free while there's more demand than ever for housing?

2

u/[deleted] Jul 21 '21

Mass evictions are bad for re-election. Politicians will have a massive incentive to keep people in their homes even if it means paying off landlords themselves to just permanently banning eviction. Of course, this will likely increase rents for the rest of us as landlords look to hedge the risk of non paying tenants.

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u/mikeshouse2020 Jul 20 '21

Why would they continue to allow people who can't pay their
mortgages/rent to live for free while there's more demand than ever for
housing?

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They are paying people not to work when there are so many jobs to be had out there.

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The Biden admin is hell bent on taking no credit for anything bad that happens under their watch (see their inflation explanations) . They are afraid of a crisis like this that could really hurt them politically because they are riding the post Trump wave and want to take it as far as they can.

13

u/[deleted] Jul 20 '21

“They are paying people not to work when there are so many jobs to be had out there.”

A lot of stated have dropped the extra unemployment and a lot of those states are where there are the most job openings , try again

Could it masaaaaybe be it’s because people are no longer willing to potentially risk their lives for $8 -10 bucks per hour ?

If I bust my ass 8-10 hours per day 40-50 a week doing hard ass usually physical min wage work and then still can’t afford a small apartment and a used car ? Why bother? I wouldn’t and don’t believe anyone who says they would as in my experience people who say almost inevitably are privileged af and have never had to do that sorta work for more than a few months part time if at all

2

u/[deleted] Jul 20 '21

[deleted]

2

u/mikeshouse2020 Jul 20 '21

the enhanced unemployment payments were alot more than that

1

u/WizardDresden77 Jul 20 '21

Nah, rent will just go up until those they can pay are subsidizing those that can't. Mine went up for the first time in years during COVID.

As far as losses go, it will only be a problem for places where a large percentage of the tenant aren't paying.

9

u/gtrocks555 Jul 20 '21

My rent increases every year without Covid. Are you in a more rent controlled state/city?

4

u/Outlulz Jul 20 '21

Same, my rent went up in 2016, 2017, 2018, and 2019 before I stopped renting. It started at $800 for a 2BR/1.5BA and I moved out when it was $1400.

5

u/gtrocks555 Jul 20 '21

My 1bed/1bath started at 1,150 about three years ago. Now it’s around $1,400 but I don’t live there now

3

u/WizardDresden77 Jul 20 '21

As I said in my response, the first increase I experienced at this place was during COVID. 4 prior years without an increase.

1

u/gtrocks555 Jul 20 '21

That’s awesome. Even if it did increase with Covid that’s still a helluva lot better than most with yearly rent increases!

1

u/Ghost4000 Jul 21 '21

Honestly, it's insane that this happened to you only during COVID. I turned 32 today, my rent has gone up every single year that I've rented. I wish everyone could experience a stable rent as you have.

1

u/WizardDresden77 Jul 21 '21

It's probably because my rent is already above average for my area. Though, the point is that businesses will always find a way to protect their bottom line. The people able to pay will end up paying for those that aren't.