COVID-19 Threatens A New Eviction Crisis
Huff PostTents housing the homeless line a street in downtown Los Angeles last month. “We know millions of households were one financial accident away from eviction,” said Sarah Saadian, the vice president of public policy for the National Low Income Housing Coalition. “But if their savings run out and their job still hasn’t come back, a lot of those people are going to end up on the street or scrambling for a new place to live.” The economic hardships brought on by the coronavirus pandemic have led some housing activists to call for rent strikes. “If there isn’t sufficient housing at the low end, the problem ends up affecting people higher up the income spectrum.” The coronavirus may also provide an opportunity for cities to solve the other driver of the housing crisis: the near-impossibility of building more homes in overgrown cities. “We have this huge housing deficit at the same time we have several million extra people in their 30s who are disproportionately renting right now and trying to transition to homeownership.” If cities don’t address this mismatch, the country could return to its trajectory of soaring home prices relatively quickly after the pandemic is over — or maybe even before.