- Mar 17, 2020
That is a terrible situation for all of those who are facing rent hardships and hope there is some sort of relief. That article alludes to some help and hope more is on the way. But again, I dont see how a rush of evictions of renters will affect a housing market thats in a huge supply shortage nor did I see anything like that mentioned in your source. Maybe I misread the article.I was not just talking homeOWNERS- I was referring to foreclosures and eviction dangers… It was at 10MM last I checked the middle of last year.
A handful of cities have made legal counsel in housing court a right, but with loopholes in the eviction moratorium, millions will face lawyered-up landlords with no help.www.cbsnews.com
This article from the end of the year mentioned figures well north of 20MM renters alone who are (were?) or rather WOULD BE in danger of eviction without the moritorium. “An estimated 23 million people are at risk of getting evicted.” You add that to millions of homeowners substantially behind on mortgage payments and we could see an absolute catastrophy when the government stops propping people up.