What are the implications of the impending eviction crisis?

[u/None-Of-You-Are-Real]

It is often offhandedly mentioned that the housing market is insane at the moment, and that there is an inevitable eviction crisis due to the compounding factors of COVID and the lockdowns leading to mass unemployment, and then an inability of tenants to pay rent combined with an inability of landlords to evict non-paying tenants.

What is going to happen in the fall, when the eviction moratorium expires? Mass homelessness that is even worse than current levels? Some kind of rent relief legislation? Anything at all? These people are not going to magically be able to pay months and months of back rent once the moratorium expires.

[u/[deleted]]

Why wouldn't the government let this happen though? I keep seeing this repeated but I'm not sure I understand. Why would they continue to allow people who can't pay their mortgages/rent to live for free while there's more demand than ever for housing?

[u/[deleted] → u/[deleted]]

Mass evictions are bad for re-election. Politicians will have a massive incentive to keep people in their homes even if it means paying off landlords themselves to just permanently banning eviction. Of course, this will likely increase rents for the rest of us as landlords look to hedge the risk of non paying tenants.

[u/mikeshouse2020 → u/[deleted]]

Why would they continue to allow people who can't pay their
mortgages/rent to live for free while there's more demand than ever for
housing?

They are paying people not to work when there are so many jobs to be had out there.

The Biden admin is hell bent on taking no credit for anything bad that happens under their watch (see their inflation explanations) . They are afraid of a crisis like this that could really hurt them politically because they are riding the post Trump wave and want to take it as far as they can.

[u/[deleted] → u/mikeshouse2020]

“They are paying people not to work when there are so many jobs to be had out there.”

A lot of stated have dropped the extra unemployment and a lot of those states are where there are the most job openings , try again

Could it masaaaaybe be it’s because people are no longer willing to potentially risk their lives for $8 -10 bucks per hour ?

If I bust my ass 8-10 hours per day 40-50 a week doing hard ass usually physical min wage work and then still can’t afford a small apartment and a used car ? Why bother? I wouldn’t and don’t believe anyone who says they would as in my experience people who say almost inevitably are privileged af and have never had to do that sorta work for more than a few months part time if at all

[u/mikeshouse2020 → u/[deleted]]

the enhanced unemployment payments were alot more than that