With half a country living paycheck to paycheck, while drowning in debt, and living in housing they cannot afford; the shit is bound to hit the fan as unemployment heads north of 20%... Our unsustainable pricing models and practices of the 20th Century were destined to catch up to us. As these Dominos fall, we must consider improved standards, protections and improvements to better prepare us for 21st Century challenges. “Nearly 10 percent of renters didn’t pay in April compared with 5 percent during a typical month, and May is expected to be even worse” #HousingBubble #MortgageDefaults #DebtCrisis https://apple.news/A1cJ0RyhMTkWFht0Nq7-h7Q
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AuthorEric J. Safranek Archives
October 2020
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