“I don’t want to be a doom and gloom person, but we’re probably about to see the worst of what’s about to happen.” Evictions are piling up across the U.S. as Covid-era protections end and rents climb
A CNBC poll in October found just 16% of voters believed the economy is “excellent” or “good,” and 59% of voters expect there will be a recession over the next 12 months.
7,800,000 Americans said they were behind on their rent in October and 3,000,000 felt they were likely to be evicted in the next two months.
San Francisco officials estimate as many as 20,000 people will experience homelessness at some point in the year 2022 — and for every one person housed by a city program, four more will become unhoused.
In June, rents were up 24% year over year, with a median asking rent of $2,261. In Maricopa County, which includes Phoenix, evictions are at their highest levels since at least 2016, with more than 45,000 filings this year.
One region that has seen the greatest increases in housing costs is Oklahoma City, where rents were up 24% in September compared to a year earlier and evictions have been steadily on the rise this year and are more than 40% above their pre-pandemic levels, with more than 1,800 evictions filed in September.
In Minneapolis, where rent increases have trended below the national average, evictions in September were 37% above their historical averages after shooting up in June, when the state lifted its eviction moratorium.
"One medical bill, one car repair can pretty quickly push someone towards an eviction.”
Edited by Rogerdodger, 26 November 2022 - 01:54 PM.
