Millions of Americans at Risk of Eviction After Moratorium Expired

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The U.S. is teetering on the brink of the most severe housing crisis in decades.

That’s according to a report released Friday by the Aspen Institute, which estimates that between 30 million to 40 million Americans are at risk of eviction over the next several months – a result of the coronavirus pandemic and subsequent economic recession.

“Renters experiencing financial hardship due to COVID-19 have exhausted their resources and limited funds just as eviction moratoriums and emergency relief across the United States expire,” the report, which is aggregated from existing research, said. “Without intervention, the housing crisis will result in significant harm to renters and property owners.”

Read more at Fox Business.

{Matzav.com}

1 COMMENT

  1. As usual the mediacrity covers one side of this horrific issue. The answer, fine the private homeowners who are using their cellars and basements and tax-free havens while charging astronomical rents and stuffing multiple families inside. Between 10,000 and 25,000 or more is collected per year, TAX-FREE, from renters in illegal and dangerous (electricity and gas piping not up to code, poor drainage, sewer backups, rats, bugs, etc.) cellars and basements. Egress is either non-existent or blocked, windows are casement and can’t be used to escape a fire. Renters can’t be insured because the landlord “can’t give you a lease – month to month, cash only, and get a post office box”. Inspectors are denied access (what a crock, they’re supposed to call Police for assistance). Minimum fine should be collected first and fought later at 55% of the last recorded sale price. These genovim need to be stopped.

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