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While politicians debate unemployment benefits, those who rent housing are hoping a deal is worked out soon. Experts say, so far, the COVID-19 pandemic hasn't impacted the housing industry, but that could soon change.Property managers are concerned the housing industry could see a repeat of the Great Recession from 2008.Michael Cohen is the owner of Asset Realty Management in Tennessee, which manages close to 900 properties. He says when the pandemic first hit in March, they started to see a major decline in vacancies and payments coming in. But when unemployment benefits started to kick in, things returned to normal.Cohen is worried now that enhanced unemployment benefits for millions of Americans have ended."Some people are still trying to dig their way out of that hole where they couldn’t pay for March and now we’re three months later and they’ve made major attempts to get caught up and here we go again. Definitely, I'm concerned about it," says Cohen.Jack Strauss is the Miller Chair of Applied Economics at the University of Denver. He says to prevent another housing crisis, eviction moratoriums need to continue along with additional unemployment benefits.“We care about evictions, not just for the family which is a personal tragedy in moving, but it could destroy the neighborhoods,” Strauss said. “You can be evicted from your house, these rental properties will remain unrented for long periods of time."Strauss says there are only about 5 million job openings across the country right now and 18 million people are unemployed."We already have a health problem. We don't want another severe economic problem in terms of evictions, in terms of unemployment people going hungry and homeless," says Strauss."I just keep waiting for this tsunami of lack of rent payments and people not being able to vacate and not being able to fill our vacancies and them staying vacant. Then once we get into the holidays, then things slow down even more," says Cohen.Strauss believes Congress will eventually come to an agreement and reissue some form of enhanced unemployment benefits to people. He hopes this next coronavirus stimulus bill really focuses on those who are suffering, including people of color, who Strauss says rent properties significantly more and are more than twice as likely to face evictions."This will even further hurt the Black family unit and Lanoti family unit, as well, if we don't have a moratorium. We need to help people of color because they're more likely to be hurt by a lapse in federal aid," says Strauss. 2559
Wisconsin authorities are urging hunters to be on the lookout for clues related to missing 13-year-old Jayme Closs, whose parents were found fatally shot last month in their home."As hunting season opens on Saturday, we ask that hunters report anything suspicious such as clothing, weapons or anything you think it just not right on your property," the Barron County Sheriff's Department said this week in a statement.The bodies of Jayme's parents, James and Denise Closs, were discovered October 15 after a mysterious 911 call led deputies to their home in northwestern Wisconsin. No one spoke during the call, but the dispatcher heard yelling in the background.When the dispatcher called back, the call went to Denise Closs' voicemail. Police arrived to find the door kicked in, but Jayme was nowhere to be found, and investigators believe she was abducted and may be in danger.Thousands of people have joined search parties for Jayme, and the FBI is offering a reward of ,000 for information on her whereabouts.Investigators continue to follow up on leads, review recovered video from the area and explore digital evidence, authorities said."There is still hope in this department on this case, and the community support and prayers that we have been given continues to fuel our drive and determination to bring Jayme home," the sheriff's office statement said. 1375
Widespread flash flooding along small streams, urban areas, and roadways is expected to begin this afternoon into Thursday from far eastern Texas, across Louisiana and Arkansas. This will also lead to minor to isolated moderate freshwater river flooding. #Laura pic.twitter.com/z71y3icU29— National Hurricane Center (@NHC_Atlantic) August 26, 2020 356
When Sen. Bernie Sanders did this in 2013, he did it alone.On Wednesday, nearly four years later, Sanders introduced a new "Medicare for all" health care bill with a third of the Senate Democratic caucus by his side.Flanked at first by New York Sen. Kirsten Gillibrand and Connecticut Sen. Richard Blumenthal, Sanders called the costs of the current system "insane and unaffordable," promising that the average family would benefit financially under his plan "because you will no longer be writing checks to private insurance companies."For those whose taxes would go up, he added, "that expense will be more than offset by the money are you are saving with the elimination of private insurance costs." 710
With America’s student loan crisis reaching .5 trillion, it’s not just college graduates who are paying off the loans. Parents are now getting sucked in to pay.One man says he has a warning for other parents, before they try to help their children.Victor Turner, who is a veteran, took out Parent PLUS loans in order to send his daughter to college. "Out of all the loans, I think the highest one is about 0 a month, but there are 7 of them." Now, back in school himself and caring for his new son, Turner is not the only parent risking their financial future for their child’s future. In 2016, an average parent owed about ,000 on loans to help pay for their child's education. 734