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IPFS News Link • Economy - Economics USA

8 Million Face Foreclosure or Eviction Beginning July 1 -- Economic Recovery Is About to Crash

• By Shipwreckedcrew

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.

There are no homes for rent because landlords have been unable to evict tenants for non-payment of rent for a year or more, depending on where you live.  The federal government — based on dubious legal authority — imposed an eviction "moratorium" during the pandemic, allowing renters to stop paying their rent safe in the knowledge that their landlords couldn't do anything about it.

There are fewer houses for sale on the market because homeowners in financial trouble have not had to sell their houses in order to eliminate their mortgage debt.