[Jackypot]

I don't doubt that it will happen regardless, but what is the point of evicting people if no-one is waiting to rent the property? If the bottom falls out of the economy and regular people can't rent then landlords are screwed aren't they? Rent-seeking is the section of the economy which has to change, I think.

[bb88]

Well, I would expect that the supply of rental units to flood the market. So those that can afford to pay rent will pit landlord against landlord seeking the best price. This will drop prices of rental units as landlords will have to accept a drop in rent to fill their units. That's good in the long run, but not good in the short term.

So for the people who can't afford to pay rent, well, a lot of them will end up on the street. No job, no home, no health insurance.

Keep in mind that in this economy the supply of money is not flowing anymore to the middle class, many of who were already living paycheck to paycheck. It's all being hoarded by those who have it seeking wealth preservation above all else first.