Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

Account Closed
  • Investor
  • Scottsdale Austin Tuktoyaktuk
4,153
Votes |
4,205
Posts

Eight million (8,000,000) Americans are behind on rent payments

Account Closed
  • Investor
  • Scottsdale Austin Tuktoyaktuk
Posted

What to do, what to do?

"The survey found that 3.5 million households were somewhat likely to leave their rented spaces (homes/apartments) within the next two months because of an eviction. Most of these folks are of the working poor class and situated in large metro areas from New York to Atlanta, where the cost of living, including shelter, food, and fuel, has skyrocketed."

Each if those renters has a landlord and most landlords have a mortgage.

Plus, people who have been evicted have a hard time scraping enough together to rent a new place.

Unless  they are like the set of renters I evicted, evicted not because they didn't have the money (good income) but because they said they didn't have to pay "because of Covid". The judge didn't laugh at them but he didn't like their answer either.  They're gone.

Are we headed to the abyss where millions of people have no place to live and it's the zombie apocalypse or will those people actually go out and get jobs? Plenty of work out there with "Help Wanted" signs.  That's the problem when people get trophies for just showing up to class all their lives and are finally faced with reality.

Loading replies...