Evictions skyrocket nationwide as housing costs rise

Pandemic-era eviction postponements and federal assistance programs have expired, leaving renters vulnerable to the eviction filings that have dramatically increased nationwide. As wages can’t keep up with higher housing prices, landlords make the ultimate decision on whether to evict, oftentimes at a human cost. NBC News’ Valerie Castro reports.

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#Evictions #Housing #HousingMarket

[noel]

Many Americans are facing hardship. It's not being covered enough in the media. A crisis that needs national attention.

[Darci]

Would someone please explain to me how one can be evicted and processed out so quickly yet nothing much can be done about mean seriously....

[DevanAsher]

In my point of view, housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

[SeanTalkoff]

Prices are too high. With rates not subsidised in ’24 and mortgage still high, currently seeking alternatives to maximize savings without an RV move or taking a loan. I’m seriously contemplating the latter.

[CameronFussner]

I’m a grand dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.

[pauld.b]

Gonna be 2008 all over again. People are really delusional, thinking they can afford houses that cost a million bucks on a 5 figure salary.

[Nyxnpaws]

There needs to be an investigation into those management companies who skyrocket rents. It's price gauging

[aristotlekumpis]

Something weird is happening in our economy. Many people say business is booming and they are making lots of money. The stock market is overinflated. And the real estate prices keep going up. Yet, inflation is out of control still on most things and a lot of people are getting laid off and cannot find jobs.

[jazziez]

don't forget you'll own nothing and be happy

[PromoCodeLady]

THIS IS HORRIFIC AND I HATE THE WAY THE GOVERNMENT TREATS OUR ELDERS. LAWS NEED TO BE CHANGED IMMEDIATELY.

[nothing]

remeber though folks according to NBC the economy is booming, unemployment is at record lows and wages are at all time highs!

[sk]

Cant even afford a house as an Engineer and Nurse. My gf and i thought we would be able afford a house after college guess not.
Sucks because we worked hard juggling school and work.

[lothean]

Ahhh the American dream. Which is now more of a nightmare.

[xXRAGEXx]

I’m going to start sending this to anyone telling me the economy is booming and unemployment is at a record low

[tech-bore]

"Landlords are feeling the pinch" Oh give me a break. Landlords and property management companies are the reason for housing shortages and rising rent costs. You buy enough properties in an area, you can easily manipulate the local rent prices.

[tammiebroggins]

Not just houseing. Everything is going up! Im leaving my house because my landlady wont fix anything but they want there rent!

[ashtonarmstrong]

Ah the Great Depression 2.0, we will repeat history with homeless people sleeping outside empty apartment buildings.

[weirdshibainu]

I know someone who owns 5 rental houses...all she does is complain about fast her property taxes are rising as she price gouges tenants and has made a couple of million in "equity" on the homes over the past few years. I have no sympathy.

[danielgimj]

Bad policy is making inflation more and more high. Groceries and rent is making us poor or having to move back with some family members. It's crazy

[Mlogan]

We live in dystopian times. Late stage capitalism.