All over the Internet you'll see these predictions of doom and gloom as the moratorium on evictions and foreclosures ends. I honestly just don't buy it. For on

All over the Internet you'll see these predictions of doom and gloom as the moratorium on evictions and foreclosures ends. I honestly just don't buy it. For one you have a certain number of actors who haven't paid their rent or mortgage simply because they haven't had to. This doesn't erase previous obligations but such people may be willing to walk away for other reasons or may attempt to negotiate with the owner or bank for a lower overall payment because that's better than the alternative. For another, people still have to live somewhere. If anything you'll see the effect of this as a lowering of rents, which have otherwise soared. Residential landlords are generally less willing than commercial property owners to keep property vacant for extended periods to maintain the illusion of "market rate". Lastly, unemployment is low and there's a lot of upward pressure on wages. This is not the environment where lots of people suddenly go homeless. This isn't the Great Depression. This isn't even 2008. There are a lot of people who missed out on the spike in housing prices who are now rationalizing that result as this being a bubble about to burst. Also, people who haven't been through this before have unrealistic views of the likelihood of actual doom and gloom scenarios. It happens less often than you think. If nothing else, governments have shown themselves more willing to intervene (for better or for worse) to stave off negative outcomes. This just isn't a big deal.