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> doesnt erase the billions in back-rent debt most americans are saddled with due to the eviction moratoriums “Most” Americans? Surely it’s not even close to 5

• adventured 5y ago
  The parent is sensationalizing, to put it mildly, when they say "most." The figure is closer to 3%-5% of US households that are severely upside down on rent payments. The total sum estimates range widely from around $10 billion to $50 billion. Nobody seems to have a great handle on the figure, landlords don't report this information cleanly to a single source such that we can put it all together easily. You'll see Bloomberg, Reuters, housing organizations, et al. reporting (speculating) in that $10b to $50b range across the past 6-8 months of time (they largely forward speculate based on when the financial hammer has been expected to fall, or begin falling). There are around 123 million households in the US. 3% of that figure is 3.7 million households. That's $9,459 per household in that group in back rent if the sum is $35 billion. That's in the right universe in terms of making sense.