Landlords have started MASS EVICTIONS

Описание: Evictions in Nashville are up 30% from pre-pandemic levels. The rent went up too much during the pandemic. And now tenants can't afford to pay it, resulting in a big spike in evictions according to data from Eviction Lab.

https://evictionlab.org/eviction-trac...

The principal issue for the Housing Market is that wages and incomes did not go up nearly as much as rent during the pandemic. So now that the moratoriums are over lots of tenants are getting evicted because they can't afford the rent.

I fear that this trend will get worse in the second half of 2023 as the unemployment rate increases. Especially in a city like Miami where the average Rent / Gross Income ratio is north of 50%.

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