Pregnant Kim Kardashian and Kanye West Face Homelessness When Baby is Born

Tough times have hit Kim Kardashian and Kanye West ... they may not have a roof over their heads to care for their newborn child. The stark reality is ... they may be homeless.

Here's why the couple is in dire straits ...

- Kim's $5 million Beverly Hills home has been sold, and she needs to be out by Aug. 1.

- Kanye's $3.3 million Hollywood Hills house is about to be sold -- and he's already moved out.

- Contractors have ripped apart the couple's new Bel Air estate ... the one they bought in February for $9 million ... and there's NO WAY it'll be ready in time.

So what is a young, struggling couple to do? They're considering the worst option for any couple ... the in-laws. In this case, they may stay with the Queen of F***ing Everything until renovations are completed at the new digs.

But there's one more option they're seriously considering ... renting a crib for $50k a month.

The recession has been hard on everyone.