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Monday, July 20, 2020

The rent is too damn high

The first of the month is coming.  How is your piggy bank holding up?
People looking for a two-bedroom apartment in New Orleans need to earn about $20.73 an hour to live comfortably, according to a report released Tuesday, well above what most renters make in the city even before the economic disruptions stemming from the coronavirus.

The average renter in New Orleans earns only $16.25 per hour. And if you're only earning the $7.25 hourly federal minimum wage, you'd have to work almost three full-time jobs to afford that two-bedroom space, according to the report from the National Low Income Housing Coalition.

Meanwhile, there is still no guarantee that congress is going to do anything about extending unemployment benefits. If it happens, don't be surprised if Republicans take it out of your Social Security on the back end.  Locally, there is still no sign the state or the city has any interest in reinstating an evictions moratorium.  Probably still trying to find some "balance" for our "smalltime landlords"

Oh well, fingers crossed someone will come up with something.

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