So, in June 30 percent of Americans couldn’t make their rent. July 25th, federal eviction protection ends. There may be another check, but another $1,200 (or even $2k) isn’t going to cut it, just as people couldn’t pay rent event with the $600 unemployment benefit top-up.
Covid now has more active cases than the previous peak. Less people are dying, because the new victims are mostly young (and due to the lag) but even non-fatal cases of Covid are nasty and can leave the victim with symptoms for months (or longer, we don’t know yet). Indeed, evidence is coming back that cases with no symptoms still do damage.
Even if there is an extension of eviction protection and some new checks, that will only push the problem back. People can’t make rent, and aren’t going to be able to. Because there are so many people competing for jobs (which are bouncing back somewhat), they have no wage leverage.
So, expect a huge wave of evictions, homelessness, and hunger. Food banks will be overwhelmed, people will go hungry.
Your lords and masters have decided that if you aren’t useful to them (aren’t employed, can’t make rent) that you don’t deserve anything, including life. This has been the case for a long time, it’s just that, in the middle of a pandemic, they see a lot of you as useless eaters towards whom they have no responsibility.
Besides, why should they care? Billionaires have actually gained wealth during the pandemic. Covid isn’t much of a problem for the rich, it’s mostly an opportunity.
Be aware, in your personal life, that this is coming down the stream. It is not going to be stopped. If there is an extension of the moratorium and a bit more benefits AND the economy continues to reopen (already being reversed in some states) then that might mitigate the homelessness somewhat, but will result in more deaths and long-term health problems from Covid.
This is going to lead to more, not less, riots. You should be ready for that, and for the possibility of civil disorder causing infrastructure and logistics problems. Stock up, have plans to shelter in place, and also to leave. Keep your head down. Make sure you are on good terms with your neighbours, friends, and so on. When shit really goes bad, the people who do okay are those other people care about.
I really hope I’m wrong about this, but the numbers on this are staggering. Assume that even five percent of Americans lost their housing over two months, that would be almost 17 million people. Each doubling is another 17 million. A ten percent loss is 34 million.
If anything like that happens, I cannot see how it does not turn into mass hunger and civil disorder.
Be prepared.
And if you are one of those who will be homeless, my genuine and true sympathy.
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