Even though the country is coping with strict lockdown orders and a lot of jobs have lost amid the COVID-19 pandemic the Texas state supreme court has ruled that in favor of debt collection and rent payments to resume as if the state was never put on hold. This was one of my biggest fears when the country first went into lockdown mode. Although Americans were told to stay home and collect unemployment and don't worry about rent or mortgages, the state of Texas has already given a warning to the rest of the country as to what could potentially happen when other states begin to reopen. Just because the country is on lockdown, that doesn't stop the bills or the rent. Everyone has their own unique living style and every mortgage is not the same. Not everyone will be able to just get up and go back to work. Some people have lost their jobs during this pandemic and they may never get it back. Some people live in areas were jobs are not easy to come by. Imagine losing your job due to a pandemic/lockdown and when it is over you not rehired. Then you look to find a new job but you live in an area where the job market is really weak. Not to mention, you still have bills coming in. Here is the worst part, those people will never be heard from, at least not on mainstream media platforms.
This has the potential to be just as bad as the 2008 housing crash. The difference here is at least the country was aware but this coronavirus coverage is dominating the airwaves and news broadcasts. Jobs are not important to the mainstream media. COVID 19 is the only thing that matters. Every day, I hear CNN and MSNBC correspondents say stay home and stay safe, don't worry about your job, the government will take care of you. While that may sound all good and well for a short term solution, they are not taking reconsideration the long term effects of this lockdown that caused many jobs to be lost. Here's the other problem, some businesses have changed their business model altogether and will never go back to the way it was prior to the lockdown. What this means is, some businesses have managed to get by without having a full staff, while becoming more reliant on technology. This will could have a ripple effect nationwide.
Again, the worst part of about this is some people will never be heard from, some people will just suffer, some people will end up homeless.
Victor J Morrow