No. of Recommendations: 4
Why should ACA Covid-era enhanced subsidies be available regardless of family wealth?A lotta hard-working "kids" may never earn enough to buy a home. Some fortunate ones, Mom's basement dwellers for example, may inherit the family home.
They are then property rich, cash poor, living from paycheck to paycheck. Perhaps re-financing or reverse mortgaging to stay housed...until they can't borrow any more.
Their homes are frequently unmaintained because, let's face it, urban services are increasingly costly. Things the average person is not equipped or physically capable of doing; roofing, tree trimming, whole house painting, fire-safe landscape maintenance...
Cut the subsidies to people in that situation and they may lose the ability to pay utilities and.or property taxes. This is sadly common. They either sell of get liened out, joining the ranks of renters. And who is on the courthouse steps buying up distressed housing? Guys like Trump's first Sec Treas, hisself, hollywood producer/investment banker...
Steve DontCallMeBankruptcyKing Munchkin!
https://en.wikipedia.org/wiki/Steven_MnuchinPS: I live in one of those houses. The broke widow didn't have 2 nickles to rub together, and the house showed it.
Took 2 years of hard work to bring it back to habitable- sunken foundation, failed sewerline, corroded plumbing, substandard breaker box and ungrounded wiring; basically uninsurable until I had a crew dig the house out of the deadwood and ivy jungle that covered half of it.
