28 million people. The US is expected to see 28 million people out of their homes by October. 40% of all renters, expected to be unable to make their payments.
Edit: Shofercia has informed me that 28 million is incredibly optimistic.
Shofercia wrote:Those numbers are way off: https://www.cnbc.com/2020/07/08/32-perc ... ments.htmlRenters are especially vulnerable. About 36% of renters, who are more likely to work in industries devastated by the coronavirus, missed their July housing bill, compared to 30% of homeowners.
Presuming a 60-40% owner-renter ratio, and presuming that half of the homes are paid off, or soon to be paid off, that leaves 23.4% of Americans as being potentially homeless. Out of a population of 328.2 million, that's 76.8 million people, and that's before the nadir of the downshift economic spiral. If this isn't dealt with, by then end of 2021, as many as 100 million Americans could be homeless. So 28 million is incredibly optimistic.