Saturday 7 August 2021

Renters, Evictions and States

 CNBC actually did a four-star analysis piece....over eviction folks, states, and who owes the most.

So here's the thing....the average American owes $3,700 for back rent.  Yes, that's it.

I looked at the map, and its a curious piece.

What the average Alabama guy on the back-rent deal owes?  Between $2k and $3k.  

What the average California guy owes on back-rent?  More than $5k.

In 19 states, the amount is $2k to $3k.  Those particular states?  Mostly all 'red' states and in the south.

By their analysis.....around 11-million fit into the back-rent issue.

So, should all of this chaos been handled back six months ago....like early on in March of 2021, under a fired-up and getter-done President Joe Biden?  Well....common sense says yes.

My gut feeling is that the sixteen-percent of American renters in this bucket....would all prefer to avoid living out of a tent, and not being kicked out of their apartment/house.  But this would mean that Covid needs to shift back into being a marginal worry...something that Biden is simply unable to accomplish.  

So I recommend a read of the story, and compare the numbers yourself.

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