Economy

July 23, 2021

The End Of The Line

A national eviction ban expires next week, allowing landlords to evict delinquent renters. 

According to one analyst, as many as 14% of renters are behind on housing payments. That figure could reach over 10M.

During the pandemic, the eviction ban reduced eviction filings by over 50%. But next week, millions of renters could lose their homes. 

Now, the government is distributing $45B in rental assistance… but emergency funds probably won’t make it in time. Evicted tenants will pull on credit, take out loans, or even become homeless. 

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Rent fell during the pandemic as landlords searched for tenants to pad their losses. Now that the pandemic is subsiding, rent’s rising again. That’s a turn for the worse for the many millions who are behind on rent. 

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