Letter to the editor: Fall River man frustrated that tenant’s loyalty to landlord results in possible homelessness
36 years of blood sweat and tears put into an apartment and because it is being sold and they cannot afford to just go anywhere they are forced to scramble while giving away 90% of their belongings (and it is not the first time seeing this).
I met a lady in Fall River (mid 50’s / early 60’s) who has been in her apartment that long and now has no clue where she is going next. She’s never missed paying her rent and kept her apartment in perfect condition over the course of 36 years & now she has to go?
We have to do better as people because if you are going to complain about the homelessness in our city you can’t kick good tenants out for a couple bucks.
Money isn’t everything and it took me until today to realize this! Ambition to get rich is admirable, but sometimes you have to lose a few dollars and just do the right thing as a human being!!!
July 16, 2022 at 4:28 pm
The housing and mortgage system is a fraud. How is it reasonable that a home cost so much that it requires a 30 year mortgage to afford. Prices have been inflated to satisfy investors and lenders. Let the credit markets tighten long term making it impossible to obtain a mortgage. Home prices will collapse wiping out the false equity that real estate agents sold you on. No investment can thrive into eternity when it is contained inside of a false equity bubble. Inflation is destroying the credit markets and the money supply is tightening. There will never be enough money in the system to justify a $600,000 3 family home unless you can get a 40 year mortgage and around 3 to 4 percent interest rate. Good luck with that one.
July 16, 2022 at 4:46 pm
Unfortunately we are all watching this exact situation play out across Fall River. Soon everyone will have two jobs just to make ends meet. Maybe we should take our government back from those responsible for all the doom and gloom. In better times a dad would work while mom took care of the kids and most importantly make a house a home. Then women were told they should work to show they were empowered. They needed to work to help keep the standard of living that inflation was always eating at. Now husbands and wives who in reality are the foundation for a strong society will each need multiple jobs. Are we going to raise the minimum wage to $100 dollars an hour to keep pace with what our economic masters have in store for us? This economic system that we live under has never survived anytime in history. Fiat money is money worth only the BTU value you’ll receive when your burning it to stay warm. Printed to look important, backed by nothing of true value. Wanna know the value of the dollar, it’s the Full Faith and Credit of the American people. What happens when you can no longer work hard enough or long enough to pay your bills. Can anyone say default?
July 18, 2022 at 11:43 am
This is what happens when you let capitalism run the whole system. We need massive amounts of affordable housing which will bring rents down. Housing stocks are at an all-time low. It’s good old supply and demand.
It would be nice if we could stop investors buying up all the properties running up the price of real estate