Except that the problem is that those jobs don't pay enough money to cover the cost of living in that property.
I want to live in a $5,000 beachfront apartment in Long Branch.
I can't because of my present financial situation.
At what point do people get held accountable for overextending themselves?
There was a time when a manager of a restaurant, even if it was mcdonald's could support his family as the wife took care of the home. That no longer exists. I guess it still exists in MJ's mind, but in reality it doesn't. That is the true root cause of this economic problem.
This is categorically untrue, except we now live in a society where everyone's trying to keep up with the Jones's so to speak. Some managers at Mickey D's make upwards of 60-65 a year.
Funny enough, that's what I'm making in full disclosure since you want to go there. How am I in my uninfinite wisdom able to make it work then on an island that is notorious for its insane cost of living?
Idk, maybe its because my only debt is law school student loans and a mortgage, and I've specifically held off on having kids and the expenses that come with it until either a bump in salary or I successfully pay off my loans.
People compound bad financial decisions with even worse financial decisions and then look for a bailout. I'm not saying that's the entirety of those currently staring down the barrel of an eviction due to the moratorium expiring, but they're also not poor souls who through no fault of their own can't support themselves either. The truth as always lies somewhere in the middle as opposed to the frankly Mao-ist outlook that landlords are vermin who should be exterminated.
You can't just legislate out personal accountability.