The federal moratorium against evictions issued by the Center for Disease Control and Prevention expired last Saturday leaving more than 144,000 Floridians at risk to losing their homes. The United States Supreme Court chimed in last month basically ruling that the CDC didn't have the authority to extend the moratorium without Congressional support. This situation is problematic in many ways for Florida and likely just beginning. A study by Zillow estimates more than 350,000 renters are behind on rent leaving more than 144,000 families at serious risk of losing their homes. When you factor in that more than 500,000 Floridians are behind on their mortgage payments this is a potential recipe for trouble for Florida's economy. With property values over inflated, a significant number of hedge-fund investors buying up Florida homes, an economy without a staple of good paying jobs, and a large number of soon to be out of home Floridians we could be seeing the first wave of tent cities and RV parks popping up sometime in 2022. This is a tough situation for the families losing their homes as well as the Floridians that own these rental properties that haven't received the assistance needed to maintain the properties without receiving their rent payments. A good place to start would be to release the money the Federal Government assigned to homeowners in this bind that was held back by Florida's governor.
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