A nationwide wave of evictions threatens more than six million families

HN discussions often portray housing affordability as a San Francisco, or tech-region, or coastal section. The map on this article (enable JS to view) clearly shows that it is not: housing precarity as measured by households owing back rent is pervasive across the US, and especially concentrated well away from tech hot-spots: California's inland valleys, the deep south, a large swath of (very non-urban) South Dakota, likewise much of New Mexico. There are counties with high-delinquency rates in virtually every state.

The total accrued debt is $23 billion, $2,300 per household (this in a country in which half of all households cannot pay a $400 unexpected expense). A second map shows the amounts owed by household --- that shifts slightly more coastal (where rents are in fact higher in nominal terms) but again shows a pervasive problem. It's not merely one of the canard "you have no right to live in one of the most expensive region" --- this is unaffordability of a fundamental Maslovian need across an entire country. Something is very badly broken with how the US chooses to provision and manage its housing, and incomes (wages, pensions, welfare support).

Title adapted from within the article as more descriptive than "How Many People Are at Risk of Losing Their Homes in Your Neighborhood?"

What about the unaffordability crisis for those that are still renting and waiting to buy? By keeping people in homes they do not pay for, you drive up home prices and reduce supply for everyone else. Not to mention create the moral hazard to just get a government backed home loan and not pay it.

Shutting down the economy has consequences. There will be another shutdown. 20 million homeless incoming.

It's morbid, but the housing market is chomping at the bit for more supply.

Hoping this will normalize supply and I can buy.

Paywall: https://archive.is/742qv