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Old Today, 12:58 PM
 
352 posts, read 285,636 times
Reputation: 1046

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Quote:
Originally Posted by ericp501 View Post
I don't want to sound heartless, but eventually we have to stop with the free rent and extra unemployment and let people fail so they're forced to lift themselves back up. In 2018 I was out of work for almost 10 months, my unemployment only lasted 6 of those and was only $700 from the state of NJ. No extra federal unemployment, no 1 year continuation, no stimulus checks, no forbearances. It was hard and it sucked, but I kept going and got myself out of it.

If it means hard times that's to be expected, we've helped as much as we can, at some point people have to help themselves. The Lowes hardware store by me has signs up that they are doing on the spot interviews and they pay $15 an hour minimum, same with the little harbor freight next door. I honestly believe more people are milking the system than most want to admit.
In normal times, I agree. I went through a similar situation during the 2008 crisis. But you can't compare what has happened in this country in the last year to that crisis or anything in regular times.

I honestly don't know what the solution is. But I do know you can't go from making $75k+ a year, to working at McDonald's and keep your bills current. This shut down and Covid crisis is unprecedented by anything else. I guess living in Las Vegas I have seen how it has affected literally the entire city. At one time we had close to 35% unemployment. Sure "some" jobs have opened back up but not all because some casinos are still closed or only partially open. Not even including the restaurants who have gone out of business, and there are many. Yes there are jobs but they pay nothing. In addition you have people who should be getting unemployment and our state is so screwed up they can't even get that. Yes the additional $600 was nice. The additional 6 weeks of $300 were nice. Nevada, with the highest unemployment in the country, was the last to apply for the 6 weeks of FEMA relief and so we only got 5. The additional 11 weeks applied in December are slowly just now, in March, starting to come through.

I honestly don't know what the solution is. I know when people don't pay rent, their landlord can't usually pay their mortgage. I am blessed because I still have 2 jobs. One has slowed and about 75% of the company was laid off. The other is PT and my hours decreased from 20-30 a week to 10. But I've managed to hang in there. I am a pick yourself up by your boot straps kind of person, but this has decimated our country and I just don't know what people are supposed to do. A lot of people don't have the where-with-all to pick themselves up.
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Old Today, 01:22 PM
 
15,957 posts, read 6,676,533 times
Reputation: 19191
Quote:
Originally Posted by dontaskwhy View Post
Can we keep politics out of this ? Whether you are a liberal or a conservative means absolutely nothing if you struggle to feed your family.

If you keep politics out of it then you will only be looking at 25% of the equation because this issue is driven by political policies and laws, such as the moratorium on evictions. Anything that is determined by government policy, where the policy is not heavily bipartisan, is inherently political.



There aren't going to be 11 million evictions because if waves of people start getting put out there will be new laws and extended moratoriums. Wasn't the moratorium originally supposed to expire last fall?
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Old Today, 01:40 PM
 
Location: Salem, OR
14,747 posts, read 35,709,396 times
Reputation: 14663
Quote:
Originally Posted by jghorton View Post
....So, renters should not be required to pay rent -- until home values stop going up??? I agree that there should be some forebearance for people who have made a legitimate, ongoing effort to pay their rent, but been unable to do so because of COVID-related job losses.

But, some of the $$billions I've seen reported for unemployment and no-pay rental scams -- are just another example of trying to make other people responsible (ie; Landlords) for the irresponsibility of non-payers and non-workers.

Now, Joe is talking about a $15 per hour minimum wage, with no sense of how small businesses (also hurt by Covid) will pay for it. Remember, the same happened with ACA ("We won't know what's in it until we pass it!"). Now E.Warren is proposing a 'wealth tax.' Further, the environmental taxes of the liberals will likely hurt everyone. Watch out! The Dems can always come-up with more ways to spend your money, than you can come-up with to earn it.
This makes no sense to me. How did you get this out of what I wrote?

Quote:
Originally Posted by ericp501 View Post
You're forgetting about the huge amount of people who refinanced their homes and decided to use them as piggy banks... millions and millions of people pulled tens if not hundreds of thousands out of their houses increasing their mortgages for cheap loans. All well and good until the market cools, jobs are lost, and you find yourself in an upsidedown inflated mortgage.
This isn't true in my area. When Covid hit, cash-out refinances and HELOCs stopped. Then banks were only doing them up to 70% equity and a higher than market interest rate. So maybe in your area, lenders were doing that, but not here.
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