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8 Million Face Foreclosure or Eviction Beginning July 1 -- Economic Recovery Is About to Crash
Red State ^ | 06/17/2021 | Shipwreckedcrew

Posted on 06/17/2021 7:03:33 PM PDT by SeekAndFind

Edited on 06/17/2021 8:26:25 PM PDT by Jim Robinson. [history]

This issue has been lurking in the background for months. Where I live, there are almost no homes on the market for rent. The inventory of the number of homes for sale is at record lows, and when combined with historically low home mortgage rates, the prices at which homes are selling have gone through the roof.


(Excerpt) Read more at redstate.com ...


TOPICS: Business/Economy; Society
KEYWORDS: economy; eviction; foreclosure; housing; realty
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1 posted on 06/17/2021 7:03:33 PM PDT by SeekAndFind
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To: SeekAndFind

They didn’t make plans?


2 posted on 06/17/2021 7:11:37 PM PDT by Libloather (Why do climate change hoax deniers live in mansions on the beach?)
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To: Libloather

Exactly. Alternate headline: Eight million had a free ride until July 1st.


3 posted on 06/17/2021 7:15:11 PM PDT by Larry Lucido (Donate! Don't just post clickbait!)
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To: SeekAndFind

I’m investing in Oroville Reddenbacher.

It’s going to be fun to watch.


4 posted on 06/17/2021 7:16:46 PM PDT by Mariner (War Criminal #18)
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To: SeekAndFind

Landlords will be able to collect rent.
Banks will be able to collect mortgages.
How does that “crash the economic recovery”?


5 posted on 06/17/2021 7:18:14 PM PDT by Repeal The 17th (Get out of the matrix and get a real life.)
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To: SeekAndFind

Government is not an allowance giving set of parents.

Thats all our us taxpayers money being transfered from us to them by marxism. Its not compasion. Its for furthering socialist power and the beginnings of universal income.

And they are using our money to pay for it. They are as literally as possible taking it out of our poxkets by threat of govt force and redistributing it to those they deem more worthy to have it than we do. Our own flipping hard earned money.


6 posted on 06/17/2021 7:22:11 PM PDT by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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To: Repeal The 17th

“Landlords will be able” is not equal to landlords will actually collect.

“Banks will be able” is not equal to banks actually collecting.

The article presumes (and we will see if it is correct) that lots of the players are gonna be shorted...


7 posted on 06/17/2021 7:22:28 PM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: SeekAndFind

Bailing people out never allows them to become smart enough and capable to deal with their own problems themselves. They never learn self-reliance and ingenuity.


8 posted on 06/17/2021 7:23:25 PM PDT by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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To: SeekAndFind

Sympathy meter is pegged at zero. It’s no secret they owe the back rent immediately. The problem is the vagrants who will destroy the property on their way out.


9 posted on 06/17/2021 7:24:22 PM PDT by cyclotic (Live your life in such a way that they hate you as much as they hated Rush Limbaugh)
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To: Secret Agent Man

Sadly, to a leftist, that TRUTH is a racist rant.

😩


10 posted on 06/17/2021 7:25:36 PM PDT by Jane Long (America, Bless God....blessed be the Nation πŸ™πŸ»πŸ‡ΊπŸ‡Έ)
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To: Larry Lucido

πŸ‘πŸΌ


11 posted on 06/17/2021 7:26:19 PM PDT by Jane Long (America, Bless God....blessed be the Nation πŸ™πŸ»πŸ‡ΊπŸ‡Έ)
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To: Repeal The 17th

Landlords will be able to collect rent.

They’ll be able to evict deadbeats.
Where will the deadbeats go ?

Section 8 ?


12 posted on 06/17/2021 7:26:42 PM PDT by redrhino47
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To: Jane Long

Fine by me. IDGAF


13 posted on 06/17/2021 7:27:07 PM PDT by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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To: redrhino47

There are long waiting lists in most areas for Section 8 vouchers.

Evicted deadbeats will have to find somewhere to live, or become homeless.


14 posted on 06/17/2021 7:29:50 PM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: SeekAndFind

The socialists will let business do what it has to do to survive by the primaries of 2022 and then your government worshipping government will come with more rescue plans to buy votes for the fall elections.
This country has one hope. Turn to the God of the Bible through His Son according to His Word. Of course the people that went captured into Assyria and Babylon just wouldn’t honor that one God.


15 posted on 06/17/2021 7:30:12 PM PDT by KDF48 (Redeemed by Christ.)
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To: Secret Agent Man

That right there should be enough to build up enough righteous anger in enough patriots that there would be changes.

There will be a breaking point with this too.


16 posted on 06/17/2021 7:31:14 PM PDT by Bulwyf
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To: redrhino47
"Where will the deadbeats go ?"

Replace "children" with "deadbeats."


17 posted on 06/17/2021 7:31:16 PM PDT by Larry Lucido (Donate! Don't just post clickbait!)
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To: All; SeekAndFind

Blackrock will soak up any excess homes on the market:

https://freerepublic.com/focus/f-news/3967773/posts

https://freerepublic.com/focus/f-news/3967291/posts


18 posted on 06/17/2021 7:31:53 PM PDT by Drago
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To: KDF48

Turn to the God of the Bible through His Son according to His Word.

It really is that simple !


19 posted on 06/17/2021 7:32:30 PM PDT by redrhino47
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To: redrhino47

The very politicians that caused the problem in the first place will step forward seeking to address the latest crisis.

XM Patriot host Andrew Wilkow was recently discussing Black Rock’s acquisition of a lot of houses, and how a lot of their members have embedded within the Biden administration. If I’m not mistaken, a lot of those properties could be turned into low income, or economically diverse housing.


20 posted on 06/17/2021 7:32:55 PM PDT by Antihero101607
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