3.8 million renters will likely be evicted in the next two months, RENTAL CRISIS KEEPS GETTING WORSE

3.8 million renters will likely be evicted in the next two months, RENTAL CRISIS KEEPS GETTING WORSE

https://www.youtube.com/watch?v=2zsuttXwdgw

Aug 28, 2022 Census Bureau: 3.8 million renters will likely be evicted in the next two months — why the rental crisis keeps getting worse..

For the first time ever, the median rent in the U.S. topped $2,000 a month in June — and the increases show no sign of stopping.

Those rising rents mean that households representing a total of 8.5 million people were behind on their rent at the end of August, according to Census Bureau figures. And 3.8 million of those renters say they’re somewhat or very likely to be evicted in the next two months.

The combination of soaring inflation, the end of most eviction moratoriums and rental assistance payments and an extremely low vacancy rate has pushed rents up — and many renters out.

Rents up nearly 25% since before the pandemic!

#evicted #renters #homelessness