Millions Face Eviction From Homes As 2021 Approaches

Millions Face Eviction From Homes As 2021 Approaches Hello people in the world, today Random Find Truth will provide information about the correctness and important updated opinions that you must read with the title Millions Face Eviction From Homes As 2021 Approaches that has been Random Find Truth analysis, search and prepare well for you to read all. Hopefully information from Random Find Truth about Articles Prophecy, the Random Find Truth write you can make us all human beings who are knowledgeable and blessed for all.

Title : Millions Face Eviction From Homes As 2021 Approaches
Link : Millions Face Eviction From Homes As 2021 Approaches

Unless there is emergency intervention, tens of millions of Americans could be facing eviction once the holiday season is over. We kicked the can down the road throughout 2020, but all of the rent that was originally owed to landlords all over the country is still due, and they are very eager to collect.

Countless landlords are on the verge of financial ruin because of the rent moratoriums which were put in place, and kicking the can down the road even more would be absolutely disastrous for them.

Of course it would also be absolutely disastrous if the moratoriums are not extended, because in some states more than half of all households are behind on their rent or mortgage payments, and most of them have no way to pay.

One way or the other, we are about to hit a breaking point. The Aspen Institute is telling us that a whopping 40 million people "could face eviction over the next several months"...

According to research by the Aspen Institute, nearly 40 million Americans could face eviction over the next several months. The only thing holding back the flood right now is the CDC's eviction moratorium order and a patchwork of state and local protections for renters.

But these moratoriums are only kicking the can down the road. Chief economist for Moody's Analytics Mark Zandi told the Washington Post that tenants could owe nearly $70 billion in back rent by year's end. And for landlords left holding the bag, there's been little relief, as they've been forced to take on the role of government -- subsidizing housing for millions even as their own taxes, mortgage payments, and other expenses are due. READ MORE https://www.prophecynewswatch.com/article.cfm?recent_news_id=4438