Having three or four or twelve times as long to search for alternative sources of income can make an enormous difference in the grand scheme of your life.
Let’s say it’s 3 months for eviction, 9 months for foreclosure, and it takes six months of searching to obtain a new job. Someone who was renting would have to complete the second half of that search while homeless, a condition which brings with it many unpleasant, life-altering complications. Social capital must be burnt on preserving life and limb when it could have been spent to aid the search itself, or hoarded against future calamities.
Having three or four or twelve times as long to search for alternative sources of income can make an enormous difference in the grand scheme of your life.
Let’s say it’s 3 months for eviction, 9 months for foreclosure, and it takes six months of searching to obtain a new job. Someone who was renting would have to complete the second half of that search while homeless, a condition which brings with it many unpleasant, life-altering complications. Social capital must be burnt on preserving life and limb when it could have been spent to aid the search itself, or hoarded against future calamities.