The eviction crisis is starting to look a lot like the subprime mortgage crisis - MarketWatch

The eviction crisis is starting to look a lot like the subprime mortgage crisis - MarketWatch



...It’s worth noting that many observers of the housing market believe the predatory lending practices that encouraged many people to stretch beyond their means to buy homes, and the failure of policymakers to address the pain experienced by so many Americans as a result, led to populist politics, including the shift driving the 2016 presidential campaign.

Read: Housing crisis has led to breakdown of the social order, author says

Indeed, the authors quote an unpublished research paper from Matthew Desmond and others that notes that serial filings can create “psychological strain, social withdrawal and legal cynicism toward the court system.”