It is expensive to be poor because of feedback loops.
If you lose a job and miss a paycheck this month, maybe you need an extra month to get back on your feet. If you lose housing right away, it's gonna be harder to find a job ("why is your suit wrinkled? why do you smell like you haven't taken a shower in a week?"), which makes it harder to get an apartment that would stabilize things.
We have safety nets so the smallest bump doesn't shoot you right to the bottom.
It shouldn't be indefinite, and the problem is finding how many months of friction should exist before we reach "this aint gonna get better", but instant-cutoff quickly becomes a feedback loop of shit.
Ok but we have plenty of other safety nets. Govt programs like SNAP, Unemployment, TANF, etc. We have other potential safety nets such as family, churches, various other organizations that help out, friend’s couches.
I don’t understand why a small time landlord who probably doesn’t have huge cash flow on a property should be unable to pay the mortgage on the property for 6 months or a year. It doesn’t seem right to me.
If you lose a job and miss a paycheck this month, maybe you need an extra month to get back on your feet. If you lose housing right away, it's gonna be harder to find a job ("why is your suit wrinkled? why do you smell like you haven't taken a shower in a week?"), which makes it harder to get an apartment that would stabilize things.
We have safety nets so the smallest bump doesn't shoot you right to the bottom.
It shouldn't be indefinite, and the problem is finding how many months of friction should exist before we reach "this aint gonna get better", but instant-cutoff quickly becomes a feedback loop of shit.