Struggling Rental Market Could Usher in Next American Housing Crisis

Audio, News Story (Florida, NATIONAL, North Carolina)

Will Parker
Wall Street Journal (WSJ)
October 27, 2020
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Tags: Coronavirus, COVID-19, Housing: Eviction


Fallout from missed rent payments is threatening a large swath of the U.S population, as the expiration of eviction bans draws near. Estimates of total outstanding rent debt vary widely. Yet by any measure, the effects of missed rent payments are bound to imperil millions of renters and wash over the broader economy. The ballooning debt issue for renters is another sign of how Covid-19 is punishing the less well-off far worse than the more affluent.