Majority of Americans A $500 Emergency From Homeless

By
Real Estate Agent with Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty DRE# 00901962 Lic.1985
https://activerain.com/droplet/5mHz

When I first studied for my real estate license 35 years ago, I learned a shocking fact: that the majority of Americans are only one emergency (defined as an unexpected $500 bill) from becoming homeless. An emergency could come from sickness, crime, change in employment or transportation such as car repair or auto accident.

money imageRight now, the mandatory "shelter-in place" order in San Jose, Santa Clara County and throughout California, designed to slow the spread of the novel coronavirus known as COVID-19, is creating that real financial emergency for many Californians. For someone living paycheck to paycheck, lack of even one paycheck is a dire circumstance.

While many people have a variety of saving instruments, such as 401K, Roth-IRA, and even insurance, stocks and bonds, the most vulnerable residents may have only a basic bank savings account, retailer gift cards they could resell or a couple of hundred collars in cash under the mattress. The small savings amounts many have is not enough to replenish the loss of even one paycheck. For some industries, such as personal care and travel, the impact looks to be much longer than the 2-3 week shelter-in-place currently in effect.

Whether it is reduced hours at work for restaurant workers, forced temporary layoffs for retail and travel industry pros to cease in-person work orders for those in real estate, insurance and sales, we must anticipate the pandemic will dramatically impact our most vulnerable populations financially. And that's not including the personally devastating health and cost impact for those who become infected with COVID-19.

This pandemic will highlight the known fact that the majority of Americans are only one emergency away from becoming homeless.

 

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Aloha & God Bless You, 

Michelle Carr Crowe Just Call 408-252-8900 sign image

 

Michelle C. Carr-Crowe and the Get Results Team . Real Estate Agent . Author . Coach . DRE #00901962 . Licensed to Sell since 1985

P: Just Call ... 408-252-8900
F: 408-947-1585
E: GetResultsTeam@gmail.com

Altas Realty . DRE#01526983

1190 S. Bascom, Suite #118, San Jose, CA 95128
www.MichelleJudyCarr.com

Michelle C. Carr-Crowe and the Get Results Team (established by the late legendary Silicon Valley super agent Judy Carr) are known as the "Lynbrook and Cupertino Schools Experts." Coaching clients to success is Michelle's passion, making her and her team creative catalysts for positive change in people's lives. She is a Silicon Valley-based multi-million dollar real estate consultant, author, coach and trainer who works by referral only.

Her designations have included: Accredited Buyers Representative (ABR), Accredited Consultant of Real Estate (ACRE), Accredited Luxury Home Specialist (ALHS)Accredited Staging Professional (ASP)Certified Distressed Property Expert (CDPE),  Property Marketing Expert (PME), Real Estate CyberSpace Specialist (RECS), and Senior Real Estate Specialist (SRES).

Michelle is an internationally-published freelance writer with over 1,200 traditional articles in print and online, co-author of two books on Silicon Valley-specific real estate as well as over 68,000 blog posts on Blogger, ActiveRain, Examiner, FaceBook, Realtor, Trulia, RealBird and others. She enjoys reading, traveling, animals, nature, family, dancing, staging, consulting, coaching and praying. Check out her blog at www.activerain.com/results or visit her online at www.michellejudycarr.com. For RE$ult$ ... Just Call ... (408) 252-8900.

 

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Rainmaker
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Raymond Henson, SRES, GRI
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

It is very sobering.  Hopefully, those that can will step up and help, family, church, the private sector and the government.  I am optimistic.

Mar 24, 2020 03:47 PM #1
Rainmaker
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James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Michelle.

I have one grandson that fits this description.  Of course, grandma and grandad will step in if necessary

Mar 25, 2020 12:55 AM #2
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MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Raymond, 

Thank you so much for reading and commenting on this post. 

Mar 25, 2020 10:47 AM #3
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MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

James, your grandson is lucky and blessed to have you as back up.

Mar 25, 2020 11:02 AM #4
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