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“Making matters worse, the tens of billions of dollars in federal emergency rental assistance that was supposed to solve the problem has not reached most tenants.” Sounds like corruption …. “Hi, I’m from the federal government and I’m here to help you.” People of all origins and walks of life need to accept that they must depend on themselves, not government. You are nothing more than a pawn in the government political chess game and at some point you will be left out in the cold. People like the 78 year old in assisted living deserve and should get assistance. They are the “truly needy”. The vast majority of able bodied, capable individuals need to do what those that pay their rent do. They need to get a job and go to work every day. There are more jobs available than ever before. Maybe not what you think you deserve, but dig in and work your way up. A resume that shows solid attendance and performance is the means to move up the work ladder. The government assistance most need is a “federal alarm clock program”. Giant, loud, alarm clocks that blast until you get up and out the door to your job. Big as a refrigerator if necessary.
Mark, your first assertion that the delay in granting assistance is due corruption is pure guesswork. Please provide evidence – it’s likely typical bureaucratic slowness. Even if true, how is that the fault of those in need of housing assistance?
Next, your comment about bootstrapping presupposes they are starting from ground zero and are just lazy. What of the people who were doing the right thing, had a job, were paying their bills, then got laid off due to the pandemic? Although job availability has picked up, and many people that fell on hard times are now back to work, the $10-$15/hr jobs aren’t going to get them out of a 3-6 month backlog of overdue rent in a reasonable time. That is precisely what these programs are supposed to provide help.
Many, many multiples of housing assistance under both Trump and Biden have gone to various business, both small and mom & pop, the airlines, the cruise ship industry (as if that’s a crucial component of our economy), restaurants (mostly deservedly so), and so many more that begrudging people that are about to lose their home or apartment seems unsympathetic.
I say, wait for the already-funded relief to make its way into the hands of the homeowners/ tenants (or maybe it goes directly to the lenders/ landlords), and then see what is left to pay. If at that point they just cannot get caught up, then the lenders and landlords can do as they must.
“researchers at Harvard pointed to government home affordability programs as likely the best solution” – yeah gooood luck with that one. I agree with you Mark H. Nobody should be relying the government for anything.
how does COVID-19 impact a 78 year-old’s ability to pay rent in an assisted living facility exactly. His social security and/or pension would not have stopped. it seems unlikely that a 78 year old would that was already living in assisted living would lose a job. what financial changes impacted him in that manner
this article is a bit all over the place . . .
1) getting low income people into home ownership is a terrible policy. Insane to read an article bemoaning the inability of millions of people to stay current on rent payments and in the same piece say the same people should be homeowners.
2) less than 20% of whites receive an inheritance (theoretically the “generational wealth” mentioned above) and the average amount is less than $20K. This is not a major reason for the homeownership gap.
3) At this point if you are significantly arrears in rent and have no means to get straight you should have been planning to move. Landlords have mortgages and bills to pay, and making them eat those costs is not a real solution.
4) the elephant in the room when it comes to the shortfall of new housing relative to the population is immigration – an issue in which the Democratic party and Chamber of Commerce Republicans have deliberately made significantly worse over the last 30 years. What would the housing market look like without the at least 15 million illegal immigrants we have?
#1 – This program is designed to help those that already owned homes and renters. Also, see my reply above to Mark H.
#2 – Whites do not wait to buy a house until their parents die – they get loans/ gifts from their parents when they are in their 20s or 30s, so the stat on who gets an inheritance and how much it is to buy a home does not relate to the topic of getting a helping hand due to societal stature.
#3 – See my reply above to Mark H.
#4 – Hispanics have a decent homeownership rate of 48%. Blacks are slightly behind at 42%, all races are 65% and Whites are 73%. There are a multitude of reasons Hispanics this is or could be true, but undocumented immigrants have not been shown to be a primary cause. But this is a completely different set of issues that go to our immigration policy in general.
Excellent comments, Mark H,. and 21 R. Spot-on.
Hold up, folks behind on rent/mortgage payments have not used their stimulus checks and/or unemployment benefits to stay or get current; this is absolutely shocking news!
how does COVID-19 impact a 78 year-old’s ability to pay rent in an assisted living facility exactly. His social security and/or pension would not have stopped. it seems unlikely that a 78 year old would that was already living in assisted living would lose a job. what financial changes impacted him in that manner
this article is a bit all over the place . . .