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by Frost1x 2023 days ago
AFAIK, late payments can also be subject to interest and late fees as well. So, while some might not be evicted during the pandemic, they might build up so much debt and interest without income during this time that when things are over, they'll be filing bankruptcy and be out in the streets at a different, future time. I guess it's better than being homeless during the pandemic?

Pretty sad state of affairs we have in the "developed" world.

1 comments

I expect that this will be solved by restructuring, bailouts and tax credits. The US govt buys most mortgages anyway. I think we will see massive government intervention hopefully we learnt the lessons of 2008.