Read the full story here Web Link posted Thursday, September 24, 2020, 5:52 PM
Town Square
Santa Clara County acts with $5M to relieve strain on tenants, landlords
Original post made on Sep 24, 2020
Read the full story here Web Link posted Thursday, September 24, 2020, 5:52 PM
Comments (3)
a resident of Sylvan Park
on Sep 24, 2020 at 8:44 pm
Gary is a registered user.
$5 million for 43,000 renter-households is $116 each. That will cover reduced rent for few days!
a resident of Sylvan Park
on Sep 24, 2020 at 8:58 pm
Gary is a registered user.
The City of Mountain View evidently is not giving money to any organization with any lawyers to go to court for any renters. Renters who try to represent themselves in an eviction lawsuit will be overmatched. I found a non-profit receiving public funds in San Jose that does have a half dozen lawyers in-house and says it sends them to court. More lawyers for renters may be needed. Some renters may need to negotiate their departure and should have a lawyer for that too. Renters who cannot afford to pay rent will qualify for the help of the Law Foundation of Silicon Valley: 408-280-2424.
a resident of Old Mountain View
on Sep 24, 2020 at 10:40 pm
Steven Goldstein is a registered user.
Gary,
I suspect that both the City and the County is experiencing the catastrophic damage regarding the Fires, COVID-19 and the AB5 business restructuring. In fact I can only imagine the loss of taxes they have had since February.
The GRIM reality is that the economic tsunami has dropped their cash flows to a trickle.
The REAL issue is without a Federal or State funded plan, the inevitable foreclosures are going to hit the entire area hard.
The Reason why the State hasn't provided any assistance, it is stuck, it is broke as well due to the aforementioned above.
And since the Federal Debt is now already at above 24 Trillion, the Fed is completely broke too. They are seeing all of their revenues dry up too. The Fed deficit payments are over $500 Billion. The cost of the war on terror, the tax cuts made under George W. Bush and Trump, the cost of the Great Recession of 2007.
The ugly reality is that tax cuts underfunded the Government, the Government never got reimbursed for the nearly $1 Trillion bailout in 2008-2010, and dependence of the stock and real estate markets on free borrowing to reinflate the markets set us up for the BIG let down. We in effect replayed the 1920s all over again.
So unless there is a big wiping out of these debts, the future is not good, is an understatement. There is going to be an unbelievable level of foreclosures, bankruptcies, and a second wave of more unemployment. In fact 1.6 Million unemployed in CA aren't even counted yet because their paperwork is delayed.
Where are we going from here?
Don't miss out
on the discussion!
Sign up to be notified of new comments on this topic.
Post a comment
Stay informed.
Get the day's top headlines from Mountain View Online sent to your inbox in the Express newsletter.