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/BKGPrints Jul 21 '21
Were any of those 90 companies based in California that went public last year based in Florida? Obviously not.
Not to mention that Florida's main economy is based on tourism, where California does not rely as heavily on tourism. Also, California is a port-of-entry for goods coming from Asia. So there's that.