Eviction ban rollback didn’t result in ‘vast wave’ of filings, says Larry Summers
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Doomsayers were wrong to predict a massive wave of evictions following the removal of a ban on filings during the coronavirus, former Treasury Secretary Lawrence Summers argued on Friday.
“Four months after the COVID eviction ban was struck down, it is clear that no vast wave of evictions or evidence of broad suffering has emerged, despite the claims of many,” he tweeted. “Similar reasoning likely applies to student debt.”
EVICTIONS SLOWLY RISING AHEAD OF CHRISTMAS FOLLOWING END OF FEDERAL BAN
The Supreme Court struck down the administration’s ban on evictions, prompting an outcry from many Democrats in Congress. Goldman Sachs predicted that the U.S. would see around 750,000 evictions while the National Low Income Housing Coalition reportedly said the inevitable consequence would be “millions of people losing their homes this fall and winter.”
But a preliminary analysis by Princeton University’s Eviction Lab indicated a
