Coronavirus in the United States: 40 million tenants risk eviction

The economic crisis caused by the coronavirus pandemic also threatens homeowners. AP Photo / Keith Srakocic

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As the U.S. executive and Congressional Democrats struggle to agree on a new plan to support the economy, Colorado's Aspen Research Institute warns: by the end of the year, nearly 40 million American tenants, unable to pay their rents because of the health crisis, risk eviction.

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The United States could be at the dawn of the most serious housing crisis in its history,  " warns the Aspen institute in the introduction to its study. If nothing is done, experts warn, 43% of American tenants risk finding themselves on the street in the coming weeks. And once again, it is the African-American and Hispanic communities that are particularly exposed: they represent 80% of households in great economic distress.

But this threat also weighs on the owners. Due to the health crisis, many of them will no longer have the financial capacity to cover rent payment arrears. They will struggle to pay their mortgages and property taxes and maintain their properties. The Aspen Institute warns of the risk of massive foreclosures and bankruptcies.

This disaster scenario, the researchers conclude, would disrupt the US real estate market for a long time and seriously destabilize cities across the United States.

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  • United States
  • Coronavirus