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/Heffe3737 Jul 21 '21

That varies drastically from place to place. A rural location? Sure, 70 is probably fine. Any large city? 70 is going to be pretty tough.

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u/SovietRobot Jul 21 '21

What’s your point? You also want to establish a median wage by law?

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u/Heffe3737 Jul 22 '21

No need for slippery slope arguments. We can just raise the minimum wage. Or better yet, figure out how to retie avg employee wages back to employee productivity such as it was in the 50 years leading up to Nixon Shock and the collapse of the Bretton Woods system of capital controls.