The 2021 Housing CRISIS Is Losing CONTROL! | Eviction Moratorium EXTENDED AGAIN (Eviction CRISIS)

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The eviction moratorium has officially been extended AGAIN to June 30th, 2021. The first eviction moratorium was given on September 4th, 2020, then before it’s expiration it was extended again to March 31st, 2021 and now 2 days before this moratorium expires another renewal happens.

If you watch my videos consistently you will know that I speak a ton about market reactions being delayed. This is a prime example of what I mean. We have foreclosure moratoriums, eviction moratoriums, mortgage forbearance and stimulus packages ALL delaying the market from it’s true reactions. What the Governments and President are doing is just extended the damages to deal with at a later date.

There are over 20 million Americans who are in threat to being evicted from their homes due to no payment. We have over 10 million Americans that are behind no their mortgages. Over $57 billion dollars according to Moody’s is in back rent, utilities and fees. To top it all off, I know personally TONS of landlords that have not collected rent in over 1 entire year due to the pandemic. Millions are struggling through this process and it has NOT been easy.

Many are predicting a foreclosure wave and eviction crisis if the moratoriums get lifted but with these constant extensions it’s hard to tell. Millions of Americans are now getting used to free rent, easy living and checks sent straight to their mailboxes. It is becoming common were one expects their bills to be paid and that is a concern.

Weather you believe their will be a housing crash, a housing collapse, a foreclosure crisis, an eviction crisis or acknowledge we are in a housing crisis this markets purely artificial right now. All these stimulus checks, stimulus packages and protection programs are delaying the inevitable.

Eventually, the market has to react and when that happens we will be there to see what all these trillions of printed dollars and extensions has done.

Anyways, enjoy the video and comment below your thoughts so we can discuss!

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