Rent cliff in July looms as eviction moratoriums expire

from the Urban Institute shows more than 8.9 million households are now “rent-burdened,” meaning they’re spending more than 30 percent of their income on rent. That’s nearly double pre-pandemic estimates, which put the number of burdened households at about. Once eviction moratoriums end in July, these renters are at risk for losing their homes.

“Returning to the status quo is not the most optimal arrangement to begin with,” said Sarah Strochak, an Urban Institute research analyst.Rent burden was a problem before Covid-19 hit, especially for low income households Wealthier households were less likely to have trouble paying rent, but for some, it was still a concern — 10 percent to 20 percent of renters earning around the median wage were considered rent-burdened.Now, let’s show what happened after unemployment began spiking amid the Covid-19 outbreak.

State unemployment insurance and the CARES Act supplementary payments have largely restored the status quo, at the cost of $5.5 billion per month.

Time for everyone to go back to work. Enough with fear mongering.

I know several landlords who are going to sell their properties which will kick renters out. They can't make payments without rent. Also they have lists of people ready to rent their affordable places and who they will evict They need to replace the income with someone who pays

Tough. Many of them are RIOTING AND SPREADING disease. Get back to work !

The rich are doing great and the Market's fine. That's all that matters to them. Screw the rest of us now.

Excellent. I love seeing voters get evicted!

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