I love that, I truly do. Giving people a chance instead of trying to get rid of them. But what about those on the verge of homelessness? I work my ass off 5 to 6 days a week year round and I can barely afford a studio apartment. And I make like $3,000+ a month. If I lost one of my jobs and couldn't find another I'd be homeless in just a couple months. I like this as a step forward but we need to solve the issue of rent. I'd be able to put a down payment on a house within a couple years if I didn't sink 75% of my income towards rent. I've often thought of just living out of my car for a few years just to do so
this post was submitted on 23 Aug 2024
108 points (95.0% liked)
Housing Bubble 2: Return of the Ugly
326 readers
46 users here now
A community for discussing and documenting the second great housing bubble.
founded 6 months ago
MODERATORS
You help some from needing support, so that you can free up resources to help the next batch.
It's a good step forward, there's no denying that. I'm just poor and exhausted lol
It only worked every time it had been tried. But that's of course no reason to make this a general policy. That would be common sense, we don't do that here!
It didn’t actually work, though.
As someone else pointed out—and the article was updated to say, the people getting money didn’t fair significantly better than the control group.
First thing I asked myself from this headline was "what about the people in the control group" and sure enough, there's no significant difference according to the note at the start of the article.
This is neat and all but let's take a moment to consider all that this is doing is subsidizing landlords who are charging too much. If Denver were to impose a rent cap or punish gouging - housing would be more affordable for the impoverished and everyone else. More money to spend means a better local economy. Subsidizing just emboldens the landlords to continue to raise rent and pull more money out of the economy.