What do you mean by a mortgage moratorium?
During the great depression there was a mortgage moratorium. Nobody was foreclosed on. I’m not sure how long it went.
The problem today is not the lack of buyers. It’s the values have dropped so much that people owe much more than they can sell the house for. If they walk away they end up paying rent that’s probably less than their payments. They’ll rent a smaller house from someone else who can’t sell their house.
I can also see the government and banks becoming landlords. Plus there’ll be a lot of crack houses. Have you guys checked the increase of crack houses in every little town in America?