End of US ban poised to lead to ‘tsunami’ of evictions

Some 750,000 US households could be evicted across the United States before the end of the year, global investment firm Goldman Sachs estimates.

With the US Supreme Court ending the country’s national moratorium on evictions on August 26, hundreds of thousands of renters could soon find themselves in the same position as Gray and her family – with nowhere to live.

While Congress could still revive the national eviction ban legislatively and a handful of states still have individual eviction moratoria in place, the global investment firm Goldman Sachs estimates that roughly 750,000 households could be evicted across the country before the end of the year.

https://www.aljazeera.com/economy/2021/9/17/end-of-us-ban-poised-to-lead-to-tsunami-of-evictions

Apparently it's easier to envision a world in which a 3 million people are turned out onto the streets than one in which a reasonable accomodation between tenants, landlords, and banks, where the investors holding the mortgage-backed securities take a mild haircut.

#Housing #Homelessness #EvictionMoratorium #Eviction #LateStageCapitalism #Capitalism