America faces waves of evictions

Eviction moratorium ends this month [Click to view in browser](. Good afternoon, 11 million. That’s the number of Americans behind on rent, facing possible eviction later this month. Since September, the CDC’s eviction moratorium has helped keep individuals and families in their homes. That ends June 30th. What’s the policy? Using the pandemic as the backdrop, the CDC implemented a federal moratorium on evictions, citing the CARES act which offered assistance to a ‘material’ portion of the nation’s 43 million renters. As the CDC noted: “A large portion of those who are evicted may move into close quarters in shared housing or, as discussed below, become homeless, thus becoming at higher risk of COVID-10.” To qualify for the individuals: - Tried to obtain government assistance - Earned less than $99,000 as an individual or $198,000 jointly - Can’t pay full rent or housing payment due to major loss of income - Doing their best to make partial payments - Eviction would likely lead to homelessness or moving into close quarters Many states implemented their own policies, which as long as they were as strong or stronger, would not be superseded by the federal policy. Since its implementation in September 2020, the edict has faced numerous lawsuits with landlords critical of the rule saying they can’t afford to house people for free. And while assistance has been available for landlords, the hurdles to apply and receive it are numerous. As we approach the deadline, Congress is rushing to disperse $45 billion in rental assistance allocated for delinquent renters. The fallout Experts can’t agree on exactly what the future holds. Any impact won’t be evenly distributed. Some states carry additional protections beyond the federal guidelines. 1 in 4 renters in states like Georgia, Alabama, and South Carolina are behind on housing payments while Kansas and Utah are closer to 1 in 6. With the state of housing supply at the moment, rental properties are highly coveted. Others aren’t entirely sure we’ll see some mass casualty. They point to the high level of government assistance available along with a resurgent economy as well as only a fractional drop in the percentage of rental payments made. Plus, landlords are incentivized to work with their tenants to recuperate money they would otherwise be unable to collect. In many states, jobs remain unfilled as governors scale back enhanced unemployment assistance, hoping to push people into the workforce. Our hot take No amount of analysis can account for the purely human aspect of these situations both for renters and landlords. Yet, if the economic recovery measures are any indication, we can be somewhat optimistic. Catch up on more of the topics of the financial world with our curated content down below. Power Plays [5 Best Software Stocks to Buy According to Cathie Wood]( In this article we discuss the 5 best software stocks to buy according to Cathie Wood. If you want to read our detailed analysis of Wood‘s history, and hedge fund performance, go directly to the 10 Best Software Stocks to Buy According to Cathie Wood. [Read More]( [5 Best Dividend Stocks for Roth IRA]( In this article we discuss the 5 best dividend stocks for Roth IRA. We picked these dividend stocks based on billionaire Ken Fisher’s Q1 portfolio. 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