With the federal eviction moratorium no longer in place and many renters behind in their payments, some are predicting that a large number of evictions may be on the horizon.
How many? Perhaps millions.
The eviction moratorium was a policy passed in response to the economic hardship that many faced during the coronavirus pandemic.
As its name would suggest, the policy prevented landlords from evicting renters who were behind on their rent payments.
The eviction moratorium was initially put in place by the Centers for Disease Control and Prevention (CDC) on September 4, 2020. But, it was extended several times until its expiration on July 31, 2021.
At that point, the CDC tried to issue a new order commencing a new eviction moratorium. But, the agency ran into legal problems – as you can imagine, the moratorium was a convenient policy for renters, but not so much for landlords to whom the money was owed.
Those legal problems came to an end on August 26, 2021, when the U.S. Supreme Court put a stop to the moratorium ruling that the CDC lacked the power to issue such a policy.
Bloomberg News recently put out a report detailing a new survey conducted by the U.S. Census Bureau. The survey comes at the onset of lease renewal season.
What this survey shows is that roughly 15% of U.S. renters are behind on their rent. In terms of real numbers, Bloomberg reports, “that represents 8.4 million Americans who were struggling to pay their monthly rents during the June 1 to June 13 period of the Census survey.”
The Census Bureau also released a table showing the “likelihood of having to leave in next two months by household income.”
Altogether, there are about 3.5 million households who told the bureau that they are either very likely or somewhat likely to leave their house in the coming months due to eviction. In the “less than $25,000” category, about 1.5 million are expected to leave. There are about 1 million in the “$25,000-$34,999” category.
So, it appears that America could see a large number of evictions in the coming months. And, it is no exaggeration to say that the economic crisis being experienced under Democrat leadership is responsible. Countless households told the bureau that their rent, like many other things, has gone up significantly recently.