Posted on 12/15/2020 7:12:38 PM PST by SeekAndFind
Alongside potential obstacles such as job loss, financial insecurity, and a subsequent inability to cover many upcoming bills, Visual Capitalist's Avery Koop notes that many Americans are now facing potential home loss as well.
According to a recent survey by the U.S. Census Bureau, of the estimated 17 million adults who are not current on their rent or mortgage payments, a whopping 33% of them could be facing eviction or foreclosure in the “next two months”.
Note: While this survey was conducted Nov 11-23, 2020, respondents’ interpretations of “the next two months” ranged between Nov 2020–Jan 2021.
Millions Facing Home Loss
Although people across the country face similar risks, Texas stands out with an estimated 718,000 people facing foreclosures or eviction. In fact, more than 7.1 million people in the state may be expecting a loss of employment income in the coming four weeks.
Other states looking at high percentages of potential home loss include Louisiana, New Mexico, Mississippi, Wyoming, and Missouri.
To get a closer look, here are the top 10 metro areas with the highest percentages of people who will potentially be facing eviction or foreclosure:
Home for the Holidays?
On the other end of the spectrum, there are states that appear to have less need for concern, as the percentage of people likely to experience foreclosure or eviction in these places stands between 15% and 20%. However, this level of relative home security is the case for only Delaware, Vermont, Maryland, and Utah.
Everyone else is floating in a proverbial gray area, between a majority who may still be in their same home after Christmas, and those who may need to find a new place in the months following the holidays.
Even in the states with extremely low percentages like Delaware (15%), there are still thousands people who are highly likely to face the possibility of losing their home.
Going Forward
It goes without saying that with nearly 17 million Americans behind on mortgage and rent payments, there could be significant consequences down the road.
In an order issued by the CDC under the Public Health Service Act, it was stated that an eviction moratorium could help with the effectiveness of COVID-19 prevention measures like quarantining, social distancing, and self-isolation. However, while evictions were temporarily halted under this order on September 4th, the extent of this protection runs out on the last day of 2020.
President-elect Joe Biden expressed his desire for measures such as rent forgiveness back in March 2020, but it remains unclear what actions will be taken under the new administration when inauguration occurs on January 20th, 2021.
Good Lord help us. You see those percentages? The government will take all that sooner or later.
All by design.
All part of the run up to “the great reset” where “you will own nothing, and you will ne happy”.
Kill my landlawd.
Kill my landlawd.
Crush hi’ face.
Break hi’ neck.
Ain’t got no reason.
What the heck.
Kill my landlawd.
C-I-L-L my landlawd.
Many homes with out curtains and roll off dumpsters in the driveways.
t post. We are here. They are there. 330 million v 535 +++?
https://www.britannica.com/topic/Declaration-of-Independence/Text-of-the-Declaration-of-Independence
pray for peace, prepare for war
Coming soon to a town park or square across America: BIDENVILLES! Homeless Americans living in tents.
The constant bragging about the stock market indices means little to anyone not already well off. These numbers show that. The wealthy are truly making their money off the backs of what remains of the middle class and below.
Surely the harris/aoc team are preparing the list of downtrodden marxists and such that will be placed in these new un-owned homes that ‘were’ owned by capitalist pigs.
/sarc off
Ahhh, so what - elected officials who ordered the lockdowns and arbitrary restrictions are still getting paid handsomely, right?
And the government workers who harass, fine, or imprison anyone that steps out of line will still get paid with generous benefits and keep their late model car and home.
But hey, that’s life right?
In places where the landlords can’t evict then those landlords are facing eviction and loss of their homes after months of paying for their tenants to live. Some of those landlords now have zero income.
People kicked out of their homes because of lost jobs; liberal politicians to give them to ‘homeless folks.
Not true. Lots of middle class families are making it on one salary and money taken out of retirement funds...
#14. You just redefined “liberal hypocrisy”. Well done!
Questions unasked and unanswered.
How many potential evictees are illegally here and are low wage workers?
How many are in cities run by Democrats (percentage of city population would be nice to have)? How many are black, white, Hispanic, Asian, etc?
How many banks and property owners have lowered rental rates, put a moratorium on some people in really bad shape, forgave owed rental/mortgages, etc.?
Who are the replacement renters/buyers for those homes being sold by people fleeing New York City? Heard that it is nearly a one for one replacement except that those leaving have an income roughly around $148,000 versus an incoming income of $40-60 or 80,000.
With New York City taxes as high as they are, having a dumbassed commie mayor, staff and city council, how long do you think the “newcomers” will last in this economic climate which Cuomo the Fascist and DeCommie want to make worse?
I feel sorry for the honest, decent, hardworking middle and lower class people who are getting screwed by the Democrats but if they voted for them, shame on them and they are reaping what they sowed (voted for).
The core of the Rotten Apple may expand way beyond predictions in 2021 and people will become afraid to come to visit NYC because of rising crime everywhere, including downtown.
Don’t people who lose their homes, because of the evil lockdown, tend to get REALLY angry?
Bear in mind, these are not percentages of population; they’re percentages of those who are late/behind on their rent or mortgage.
To see state percentage, check the bottom chart that lists a total number and then search state’s total population.
Now add to the the loss local revenues of property taxes not paid, bank losses from defunct loans, local business losses due to the evicted homeowners not about to buy more toys.
On the bright side buy stock in tent manufacturing companies.
NYS’s land banks are likely making a killing.
Someone really needs to look into that.
(hint, hint...)
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