News That Will Drive You To Drink

Hoovervilles are the new Trump Towers

Axios Alert:

1 big thing: 23 million Americans face eviction

The coronavirus pandemic threatens America with a new wave of homelessness due to a cratering economy, expiring unemployment stimulus payments and vanishing renter protections.

  • “I’ve never seen this many people poised to lose their housing in such a short period of time,” said Bill Faith of the Coalition on Homelessness and Housing in Ohio to AP.

The big picture: 23 million Americans are at risk of eviction and exposure to the shelter system during a pandemic, the AP reports, citing the Aspen Institute.

  • The latest Census Bureau Household Pulse Survey found last week that more than 26.5% of American adults 18 or older questioned whether they would be able to make last month’s rent or mortgage payment or had little or no confidence they could pay next month, the AP notes.

Holy Crap 26.5% !

Many lower-income Americans initially got by on credit cards and stimulus checks, National Apartment Association CEO Bob Pinnegar told Axios’ Kim Hart.

  • Now those options are gone. “The hole that they’re getting in from a financial standpoint is going to take years for them to dig out of, if they ever can.”

Among those seeking help is Natasha Blunt of New Orleans, who could be evicted from her two-bedroom apartment where she lives with her two grandchildren, the AP reports.

  • Blunt owes thousands in back rent after she lost her banquet porter job. She has yet to receive her stimulus check and has not been approved for unemployment benefits. Her family is getting by with food stamps and the charity of neighbors.
  • “I can’t believe this happened to me because I work hard,” said Blunt, whose eviction is at the mercy of the federal moratorium protecting low-income renters, which expired in July. “I don’t have any money coming in. I don’t have nothing. I don’t know what to do. … My heart is so heavy.”

The bottom line: “The whole purpose of the eviction moratorium [was] a stop-gap measure,” Alieza Durana from Eviction Lab at Princeton told the “Axios Re:Cap” podcast.

  • “Do they have money for rent, money for food or health care, that sort of thing — that is a separate but overlapping issue.”

I don’t want this to be Claim Chowder, but maybe it is.

Also/Too: wait for the foreclosure crisis to start and remember Living Typo Steve Mnuchin made a big chunk of his fortune foreclosing during The Miracle of  Chimpy’s Economy in 2008. You can be assured that he’s still in the game.

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8 Responses to News That Will Drive You To Drink

  1. Dennis Cole says:

    I never had ANY desire to be a slumlord, and this is why: What do you do with a building fulla deadbeat tenants? Not much you can do, except try to work something out so you don’t have to displace them – maybe accept half a month’s rent, until this blows over, or if they can’t afford even that, then let em stay. But I think either way, the Banksters are gonna wind up with the property, and I can’t help but wonder if maybe this whole Pandemic was engineered from the get-go. It sure seems to have made it almost impossible for the Rich to not take advantage of the crisis, to get even wealthier, and add more properties to their portfolios.

    Liked by 1 person

  2. spotthedog says:

    Pandemic, no job, soon no home, gotta send your kids to school regardless,,, is it possible for a train to wreck and never hit bottom? I think we are in the process of finding out.

    Liked by 1 person

  3. beckymaenot says:

    I. Just. Can’t. And when it’s all said and done- millions of people will be completely wiped out- but a small percentage (Think one 10th of the 1%) of America will be even more obscenely wealthy. Then the Dems will spend 8 years trying to fix it- only to have a bunch of woman hating assholes vote in another batch of old, white republican grifters- hell bent on lining their pockets with no thought to the damage that will occur to regular Americans. I feel like we have seen this movie before. File it under dystopian futures.

    SERIOUSLY – fuck these people.

    Liked by 1 person

  4. donnah says:

    These morons-in-charge keep shooting themselves in the foot. If they are so desperate to revive the economy, evicting a large segment of the population seems like a bad idea. The admins keep forgetting that many of the people who are unemployed don’t have jobs to go back to. And what happens to the economy when people can’t afford to buy food? People have cut back on grocery spending, so that facet of the economy won’t be fixed. No relief in sight for the poor-to-average citizen, but for Trump that’s okay. They wouldn’t vote for him anyway.

    Liked by 1 person

    • beckymaenot says:

      oh donnah- you know this is part of the plan. MAKE people go back out into the world instead of staying home. They don’t care about the actual jobs that are available. They are going to make everyone suffer so that the economy will kick back in. This is their dumbass pandemic plan. Sure, people will continue to get sick and die – but they don’t care about that.

      Liked by 1 person

    • MDavis says:

      And without that address it will be easier to purge them off the voting rolls.

      Liked by 1 person

  5. julesmomcat says:

    Desperation is going to skyrocket the crime rate – if you cannot afford the living basics, robbery becomes S.O.P. What other choice is there? ‘Course, when you’re caught, you’re guaranteed 2 hots and a flop for a couple of years, but – kiss your family “Goodbye!” They’ll just have to find their own solutions. So – why don’t the fine, upstanding church congregations step in, and start feeding and housing the victims of Suckface’s incompetence? After all, they’ve been taking 10% tithes out of the gullibles’ pockets forever, so now it’s time to pay it back, and live up to their own preaching.

    Liked by 1 person

    • MDavis says:

      Their own preaching, for a while, has been that you should tithe and then god will provide. You don’t need handouts if you’re living right, and if you are in need you can probably fix it by giving more to the church.
      Prosperity gospel.
      They are not Christians. They are the churches that the original Christians were warned about.
      Compare/contrast:
      Matthew 25:44-45
      “They also will answer, ‘Lord, when did we see you hungry or thirsty or a stranger or needing clothes or sick or in prison, and did not help you?’ He will reply, ‘Truly I tell you, whatever you did not do for one of the least of these, you did not do for me.'”
      There are even references in the two Corinthians, but that was just too much icing on that particular cake.

      Like

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