The FED Just Released an URGENT WARNING To All RENTERS, EBT, P-EBT, SNAP Housing Market, Section 8

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Rents are rising and the housing market crash is threatening to wipe us out. Owning vs Renting... The fed has warned that families and low-income, middle-class renters on SNAP, EBT, Section 8, P-EBT, fixed income, social security, SSI, SSDI could be wiped out. Already, big real estate companies are shedding jobs. Re/MAX, Redfin, Wells Fargo, Homeward: these places may not really care much about their people as they’re letting go of as much as 25% of their staff. Plus, for our extra special stimulus finale, Biden’s plan to send stimulus checks for housing. But now, with slowing housing sales and higher interest rates, the housing market, or more specifically, the major companies are basically turning their backs on their people. Stephen Gardner, Learning with Linda, Economic Ninja, Epic Economist. Thousands of workers who found jobs in the booming housing market of the pandemic are now facing widespread layoffs with steeper cuts expected ahead. Some of the biggest players in the real estate industry, including RE/MAX, Redfin and Wells Fargo, have announced layoffs in recent months totaling thousands of jobs. Just recently, power buyer Homeward cut 25% of its staff in a second round of layoffs even after they cut 20% of its staff in August. The cuts come as the broader real estate industry grapples with soaring mortgage rates and slowing sales. Overall, industry analysts are projecting the cuts could eventually be on the same level we saw during the housing crash of 2008 when many Americans lost their homes to bankruptcy.

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