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uhsguy · 1315 days ago · link · · parent · post: "That means renters are piling up debt, creating a massive eviction bubble that — absent government action — will burst on January 1, 2021. "
So here is what I don’t understand, you are seeing this in housing but yet you see this in autos. Source: https://wolfstreet.com/2020/09/13/subprime-auto-loan-delinquencies-loan-deferrals-stimulus-curdle-into-curious-phenomenon/ A lot of Americans clearly have had more money in the last 90/120 days and are using it to rightfully pay off debt it seems. Either that or we’re seeing some sort of extend/pretend game happening in auto loans that’s artificially lowering delinquency. That being said we should be seeing a similar extend/pretend going on with housing through forbearance so why aren’t we.