Mixed reactions on it of course, but hey - some people get a few more months of relief.
I mean even when they do the right thing the administration gets negative coverage. I don’t think they have any way to provide any other relief because Congress is stonewalling. This is going to be a hit for landlords but I hope it will bankrupt some of the slumlord corporations
I've seen almost no coverage. It was item #8 on The Week's top ten, and it was mentioned at the top of Seeking Alpha's Wall Street Breakfast. Other than that I've been hunting and haven't seen a thing. I even follow a few red-rose tenants-rights advocates and they're mostly gloating about Ed Markley's victory.
Just goes to show you they don’t actually care about the people they are pretending to be advocating for. The eviction ban is huge for those affected and the organizations failing to recognize and promote this are doing Tenants a huge disfavor because scammy landlords will continue to threaten eviction they can’t carry out.
Looks like the wave of non payment for rent is a myth. https://wolfstreet.com/2020/09/02/landlords-please-chime-in-after-cdc-eviction-moratorium-state-eviction-bans-how-big-is-nonpayment-of-rent/#comments 2% reduction in rent is pretty minor
It's very interesting that the administration has actually issued an eviction moratorium this time. As opposed to several weeks ago when it was widely misreported that they had, but had merely instructed officials to "consider" a moratorium.
Thing is, it's not a rent forbearance, it's an eviction forbearance... if you lost your job in March, and your rent is $2000 a month, and you haven't paid since April, you're in your house but you're also $10k in the hole. This adds $6k to that total. Come January you're likely evicted and also bankrupt unless something else happens. I've been thanking my lucky stars that we don't have tenants anymore. We'd be down double digits. Except I think the way our contract was written our property manager would be eating it - the main point of hiring a property manager, from our perspective, was to have someone else deal with late rents and evictions. Which I think is true more often than not.