More than 43,000 households in the heart of Silicon Valley face eviction in the next few months even as local technology companies’ valuations soar, according to new research published Wednesday, in what could become a national crisis as eviction moratoriums expire during the coronavirus pandemic.
The region’s Black and Latinx tenants are particularly hard hit, Buchanan said, while “we see billionaires here in Silicon Valley that despite a pandemic and recession are adding billions of dollars to their net worth.” Silicon Valley is already notorious for its high housing prices and an economic split between workers in the tech industry and others, but evictions could exacerbate not just the coronavirus pandemic but also double or triple the homeless population in the area, according to the report.
The Law Foundation of Silicon Valley has received a couple of thousand calls for help since the shelter-in-place began in March, said Nadia Aziz, directing attorney of the organization.
If only the Fed had the ability to distribute printed money...
Imagine the street become house
I said last days above too
They already have 20k homeless people it’s going to be bad