Eviction tsunami?

Investment Analysis Clubs Macro Economic Trends and Risks
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What Happened to the Eviction Tsunami?
https://fivethirtyeight.com/features/what-happened-to-the-ev…
When the pandemic first surged in the U.S., the dire predictions prompted federal, state and city governments to enact emergency policies to temporarily ban evictions. Two national eviction moratoriums lasted nearly uninterrupted for about 17 months, until August 2021, and some states and cities still have eviction and other tenant protections in place today.

When the national moratorium lifted, housing experts, renter advocates and policymakers braced for a surge of evictions. Now, four months later, evictions have increased, but data suggests that a tsunami has yet to materialize. Some still think one is coming, as courts begin working through a backlog of eviction filings, but according to Eviction Lab, the country’s most comprehensive tracker of eviction data, evictions in most places are nearly 40% below the historical average.

DB2

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DB2,

My friend a property manager with over 6000 units in his company’s care told me last fall that the money from the stimulus was just beginning to flow. He had to have his staff help people apply for that money. The state bureaucracy was set up late in the day. This was common in most states.

The landlords generally got paid. Often the landlords ended up with a lower eviction rate during the pandemic.

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You sound disappointed.

Perhaps the economy will be better with fewer evictions?

JimA

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