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Millions of Americans are about to lose their homes

Millions of Americans are about to lose their homes

Twenty percent of households say they do not expect to be able to pay their next monthly rent or mortgage, according to a Census Bureau survey.

Temporary restrictions on evictions imposed in the early weeks of the US crisis are slowly being lifted, and many creditors and landlords are seeking to evict those who cannot pay.

The plight of frustrated tenants and landlords is drawing far less attention than it did during the 2008 housing crisis, perhaps because these problems did not begin in the housing market at the time. Or maybe it’s because the crisis came so suddenly. But alarm bells should ring: the United States is on track to allow low-income families to relocate on a large scale that could sow the final crisis.

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