Friday, July 30, 2021

The other side: I wonder how many apartment building owners have gone bankrupt since evictions became illegal?

On the one hand 11 million people could be thrown out of their homes nationwide now. On the other hand I wonder how many apartment building owners have gone bankrupt because they couldn't evict anyone?

Both of these problems are difficult for people all over the U.S.

So, there are two or more sides to this problem and the pressure is on from both sides really intensely now.

You might say to me: "How would Apartment building owners go bankrupt?"

This is how. Smaller apartment owners might rely on the rent of their renters to pay their mortgages on their apartment buildings. So, if they cannot get the renters to pay they might go bankrupt and lose their apartment buildings nationwide.

And if people cannot pay their rents and get evicted out onto the streets (even if they own a car) they are still homeless even if they are living in their car. And if they cannot even pay for storage of their things they won't have their things anymore and just be living in a car or on the streets with nothing.

Both problems are important which is likely why evictions just became legal again federally speaking. 

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