COVID-19 Pandemic Threatens A New Eviction Crisis
The coronavirus has put America’s housing market on hold. As residents shelter in place, real estate listings have slowed to a trickle. State and federal policymakers, facing an unprecedented spike in unemployment and a pandemic simultaneously, have banned evictions to ease economic hardship during the crisis.
But eventually all of this will have to end. When the eviction bans expire, millions of Americans will find themselves on the hook for months of back rent. Thirty million Americans — overwhelmingly the poor and renters — are newly jobless as unemployment hits previously unthinkable levels.
“Eviction moratoriums are a great first step, but there’s a lot of evidence that landlords are still filing for eviction,” said Megan Hatch, a professor at Cleveland State University who studies urban policy. “When these restrictions are lifted, a huge number of people could …continued .
[Source: Huffington Post]