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There are cracks in the foundation of our housing system

 

Marketplace - Vanessa Bulnes and her husband Richard were homeowners in Oakland for nearly 20 years until they lost their home to foreclosure after the Great Recession and were forced to move into a rental. Now they put about 70% of their take-home pay toward rent each month — money that’s no longer building equity in a home. 

When COVID-19 hit, putting millions of Americans out of work, the rent was no longer affordable for Bulnes and many like her — even on unemployment benefits. So she went on a rent strike.

“If nothing is done that’s a permanent solution, like rent forgiveness or cancelation, I can’t even describe what the world is going to look like,” Bulnes said. “It’s a scary thought.”

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