What happens to those who can't cover their rent or mortgage when the economy collapses?

Hello everyone,

I have been thinking about a scenario where the economy fails completely and there are no available jobs. In such a case, I wonder what would happen to people who are unable to pay for their housing. Would they end up without shelter or might they resort to drastic measures to keep their homes? I’m curious about how communities and authorities might react in such a situation. Any thoughts or insights on how society could handle this would be greatly appreciated.

In an economic collapse, foreclosure or eviction would likely be accelerated, and state intervention would be the primary safety net, at least until community solidarity takes hold. My observation from past instances of economic downturn is that governments and municipalities are forced into emergency housing policies. This may involve temporarily seizing properties or converting unused structures to shelters. However, the strain on public resources could also lead to informal arrangements within neighborhoods, as localized responses often become necessary to address sudden needs for housing stability.

Maybe people would form local support networks or cooperatives to share housing expenses. It gets me wondering: could small community aid fill this urgent gap, or would this trigger some unexpected social reforms? What kind of grassroots solutions do you think might emerge?

in a collapsed economy govts might scramble to setup emergency shelters but its likely neighbors band together to fend off evicts. barter and side-deals for housing might grow as folks rely on grassroots fixes to keep a roof over their heads.