They can bail them out, but it won’t work. The 2008 financial crisis is directly related to this one.
The difference? People might have jobs, but inflation (real inflation, not Fed reported inflation) is outpacing wage growth so much it’s creating homeless employed people.
In my city, new development on the outer skirts of town is building around the new schools - 350k homes, 300k town homes, $1600/month 2 room apartment rental complexes. No stores in walking distance, so you need a car.
it’s stupid. it’s unsustainable. at some point it will be so bad that people will just sit where they live because they know there will be too many other people unable to pay mortgage or rent.
They can bail them out, but it won’t work. The 2008 financial crisis is directly related to this one.
The difference? People might have jobs, but inflation (real inflation, not Fed reported inflation) is outpacing wage growth so much it’s creating homeless employed people.
In my city, new development on the outer skirts of town is building around the new schools - 350k homes, 300k town homes, $1600/month 2 room apartment rental complexes. No stores in walking distance, so you need a car.
it’s stupid. it’s unsustainable. at some point it will be so bad that people will just sit where they live because they know there will be too many other people unable to pay mortgage or rent.