All by design.
All part of the run up to “the great reset” where “you will own nothing, and you will ne happy”.
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
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.
Correct.
Biden/Harris gets inaugurated...all that property becomes owned by the government/banks. How they propose to let people continue to live in them is a good question.
Trump gets in by some miracle...these people will be evicted and the housing market crashes worse then 2008.
Bankruptcy verses debt forgiveness and confiscation. And you get to essentially live in the property. It is going to sound real good for many. Especially in the dead of winter in some areas.