The Coming Eviction Crisis Will Be Merciless (Yet Mostly Ignored)

Renters will be financially destroyed under the relentless pressure to make up their backlogged payments.

Photo by PhotoMIX Company from Pexels

There have been plenty of articles about the rising cost of housing (I’ve written a few here, here, and here) with a focus on home buyers, but we seem to have forgotten about the renters of the nation.

Now, they are back in the spotlight as the CDC eviction moratorium is due to expire on June 30.

***Update on 6/24/21: The CDC extended the eviction moratorium for one month, stating “this is intended to be the final extension of the moratorium.” The moratorium will now expire on July 31, 2021.

The focus of the news is that millions of renters owe billions in back payments, and most of them don’t have the income to cover it. Hence the eviction problem.

The bigger story is that affordable housing in America has become a complete joke, growing from a touchy subject you don’t talk about at dinner parties to an outright national embarrassment, especially since the Great Recession.

The Current Eviction Crisis

When everything shut down in March 2020, it seemed like the world might end right then and…