Housing - A Shortage of Qualified RentersThe country is running out of affordable places for people to live.
Private Property rights are being suspended.
The share of people behind on mortgages, after falling steadily
for months, recently hit its pre-pandemic level.
Housing conditions over the past year make it clear that while
one crisis is passing, another is growing increasingly worse.
The pandemic has left millions of others struggling to make their
housing payments, especially lower-income households and people of color.
For the past year, lower-income tenants have relied heavily on government
support to pay their monthly bills.
34% of renters used unemployment or stimulus payments to pay rent at some
point during the pandemic — but the majority of renters still had to borrow
or draw on savings to cover bills, leaving them less able to weather future
emergencies, much less save for personal investments or a down payment
for a home.
safeguards have expired over the past few months, and the federal eviction
moratorium issued by the Centers for Disease Control and Prevention in
September will come to a decided closure at the end of the month.
The president undertook an Executive Action that the Supreme Court has
just determined is illegal.
A U.S. appeals court ruled on Friday, July 23rd that the Centers for
Disease Control and Prevention lacked authority for the national moratorium
it imposed last year on most residential evictions to help curb the spread
of the coronavirus.
Several States have kicked the can down the road into September 3oth to
October 31st.
Prior rulings are being overturned State by State, Lawsuits are being filed
daily as Realtors are feeling the squeeze as Independent Producers are
facing large losses, unbale to recover back Rents past due.
Extending these losses will compound the anger and outrage.
The Rentier class isn't rolling over.
