Renters: Hey Washington, What About Us?by Tim Manni
One of my coworkers forwarded me a link to a recent New York Times article titled “Help Paying Mortgages Elicits Anger.” The article was written about the avalanche of comments the paper received after the HAMP program was updated to include more help for underwater and unemployed borrowers.
While not the focus of her article, The Times’ Tara Siegel Bernard mentioned renters — a slice of the housing market that hasn’t been offered the same level of assistance, if any, as homeowners by Washington:
“Why do renters always fall so low on the economic totem pole?”
“Under the government’s latest initiative, for instance, some unemployed homeowners will be permitted to make smaller mortgage payments while they get back on their feet — yet unemployed renters receive nothing.”
Bernard (and the Times’ readers) makes a great point: what about renters, why hasn’t Washington instituted any preservation programs for them?
-We want to hear from readers — do renters deserve the same federal assistance as homeowners?-
Additional blog posts on the subject: