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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker. #tour

Real Estate Market Los Angeles: Tsunami of Evictions

A ‘tsunami of evictions’ is coming, warns housing advocates

About 28 million people across the country face homelessness as states lift temporary eviction moratoriums put in place to protect people who fell behind on rent because of the coronavirus panic.

At the same time, 30 million unemployed workers will lose their $600 a week in pandemic unemployment assistance, a benefit that is set to expire at the end of the month. Across the country, landlords are filing eviction orders with courts, leading some jurisdictions to hold eviction proceedings online or at large convention centers as social distancing measures are still in place.

As earlier warned by the L.A. Loft Blog, potential economic recovery has stalled due to ongoing panic and mass hysteria..

Homelessness could increase nationally by between 40 to 45 percent this year compared to January 2019, according to a Columbia University study.

In Los Angeles, renter support groups are popping up, encouraging renters to simply stop paying rent.

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Los Angeles consumer groups encourage renters to stop paying.

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.