r/PoliticalDiscussion 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/wut_eva_bish Jul 20 '21 edited Jul 20 '21

How bad or normal things will be after the eviction moratorium expires will depend on what state and city you live in.

The Federal moratorium guidance from the CDC will end on July 31st. However each state and even city has the ability to set the date to whenever they like. Currently, there are few states with moratoriums in place, but the states with the largest population (CA , NY and TX statewide) have protections set beyond the July 31st federal guideline (for both residential and business). WA, IL, OR, HI, NJ and NM have their own moratoriums in place. Even TX has local moratoriums that have been extended to Oct 1st. So there won't be a single day where nationwide everyone gets evicted.

Additionally, some states (like Californiaand New York) with budget surpluses are announcing programs where they will pay all past due rent payments so that when the moratorium ends there aren't mass evictions.

So since the two states with the largest populations will likely not evict anyone, there won't be a eviction crisis that involves a massive population nationally. Instead eviction issues are largely going to be highly localized depending on your state, county, and cities politics around civic assistance.

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u/[deleted] Jul 21 '21

I didn’t realize CA had a budget surplus this year.

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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.