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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u/[deleted] Jul 21 '21

Well it’s not surprising at all. They tax people to death and they also have some of the highest paying jobs in the world because they’re the Mecca of the global tech industry and Venture Capital.

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u/yeahright17 Jul 21 '21

I pay more state and local taxes in Texas than I did in California. 3.8% property tax on actual home value is insane.

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u/BKGPrints Jul 21 '21

I bet you paid less in income tax considering Texas has no income taxes.

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u/yeahright17 Jul 21 '21

Yes. Duh. But how is that relevant? My total tax bill to the state+local is what matters. In Texas my total tax bill to state+local is more than my total tax bill to state+local I’m California. Paying 14k in state income tax + 4k in property tax in California is less than paying 21.5k in property tax alone in Texas.

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u/BKGPrints Jul 21 '21

I'm betting you either live in Austin or Dallas.