The economic impact of the coronavirus could upend housing in the U.S, bursting national apartment rents that have risen by 150% over the last decade, experts say.
"America has a two-pronged problem on its hands: a coronavirus recession that will push families out onto the streets and a weak social safety net that will fail to catch them," Aaron Carr, founder of New York City's Housing Rights Initiative, said in an email."If Congress doesn't make rental assistance universal, they will be doing an extraordinary disservice not just to countless families, but the country they claim to love.
But experts say that the housing bill will come due at some point and that evictions and foreclosures will follow. In Los Angeles County, where sprawling homeless encampments shelter"Since April 1, we've gotten over 100 inquiries from tenants saying they're out of work and can't pay the rent," said Larry Gross, executive director of the Coalition for Economic Survival in Los Angeles."Our homeless numbers are going to jump significantly.
The rental site Apartment List said Tuesday that 1 in 4 Americans responsible for rent or mortgage payments were
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