There's going to be predatory companies popping up who buy up rights to collect on these lawsuits for pennies on the dollar and proceed to <vulgar transitive verb> the tenants.

This situation is going to play out over the next decade at least and it will be terrible for (almost) everyone involved.

If you're renting and can afford to: pay your damn rent! In five years, you don't want to be staring down a judgement for a year of rent, plus interest, plus "collection" fees.