Tenants prepare for unknown as eviction moratorium ends
1–10 of 10 posts
Re: Tenants prepare for unknown as eviction moratorium ends
#2There was some news about it a long time ago, but now that the time has come, I don't see many people talking about it.
I guess everyone's plan is to wait until there are a million more homeless people and riots on the streets again, and then start talking about it?
Re: Tenants prepare for unknown as eviction moratorium ends
#3>[...] the end of the federal moratorium means evictions could begin Monday, leading to a years' worth of evictions over several weeks
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> More than 15 million people live in households that owe as much as $20 billion to their landlords, according to the Aspen Institute. As of July 5, roughly 3.6 million people in the U.S. said they faced eviction in the next two months, according to the U.S. Census Bureau’s Household Pulse Survey.
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> The crisis will only get worse in September when the first foreclosure proceedings are expected to begin. An estimated 1.75 million homeowners — roughly 3.5% of all homes — are in some sort of forbearance plan with their banks, according to the Mortgage Bankers Association. By comparison, about 10 million homeowners lost their homes to foreclosure after the housing bubble burst in 2008.
> The Biden administration had hoped that historic amounts of rental assistance allocated by Congress in December and March would help avert an eviction crisis.
> But so far, only about $3 billion of the first tranche of $25 billion had been distributed through June by states and localities. Another $21.5 billion will go to the states. The speed of disbursement picked up in June, but some states like New York have distributed almost nothing. Several others have only approved a few million dollars.
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> Studies have shown evicted families face a laundry list of health problems, from higher infant mortality rates to high blood pressure to suicide. And taxpayers often foot the bill, from providing social services, health care and homeless services. One study by the National Low Income Housing Coalition and Innovation for Justice Program at the University of Arizona found costs could reach $129 billion from pandemic-related evictions.
The TL;DR appears to be that the moratorium will not be extended long enough to allow states to distribute $25 billion dollars in rental assistance. A whole lot of people could end up homeless, which will be bad for them and society in general, and this could cost taxpayers up to 6x as much as the rental assistance program.
Way to go, government.
Re: Tenants prepare for unknown as eviction moratorium ends
#4However, I'm on the side of landlords in this. Many tenants are abusing the situation at the expense of their landlords. We live in a society that ostensibly respects property rights. Not only can they not evict nonpaying freeloaders, but tenants that aren't taking care of the property, or causing damage, or harassing neighbors are protected.
The people exploiting rent assistance and unemployment need to be kicked to the curb.
Some of the insane costs of rent and real estate is a direct result of people freeloading, and I've had to couch surf for 6 weeks and counting. I've had multiple opportunities lost because bad tenants couldn't be evicted. As one of the "homeless" I am glad the moratorium is ending. I look forward to the deals on foreclosures and damaged rental properties that will become available so I can find a place to live.
Re: Tenants prepare for unknown as eviction moratorium ends
#5There's some mindblowing stuff in this story >[...] the end of the federal moratorium means evictions could begin Monday, leading to a years' worth of evictions over several weeks ... > More than 15 million people live in households that owe as much as $20 billion to their landlords, according to the Aspen Institute. As of July 5, roughly 3.6 million people in the U.S. said they faced eviction in the next two months,…
The moratorium is meant to protect good tenants from evil landlords but it doesn’t protect good landlords from evil tenants. So it is another special interest group that gets something, that only ends up hurting them.
The government gave what the people desired. “Way to go government”? Is like saying “government why did you give these children what they asked for?”
Re: Tenants prepare for unknown as eviction moratorium ends
#6Re: Tenants prepare for unknown as eviction moratorium ends
#7Maybe I am not searching for the right things, but there is a very strange lack of news about this. There was some news about it a long time ago, but now that the time has come, I don't see many people talking about it. I guess everyone's plan is to wait until there are a million more homeless people and riots on the streets again, and then start talking about it?
Re: Tenants prepare for unknown as eviction moratorium ends
#8There's some mindblowing stuff in this story >[...] the end of the federal moratorium means evictions could begin Monday, leading to a years' worth of evictions over several weeks ... > More than 15 million people live in households that owe as much as $20 billion to their landlords, according to the Aspen Institute. As of July 5, roughly 3.6 million people in the U.S. said they faced eviction in the next two months,…
“Way to go, government” in placing a moratorium in the first place or letting it expire? The moratorium is meant to protect good tenants from evil landlords but it doesn’t protect good landlords from evil tenants. So it is another special interest group that gets something, that only ends up hurting them. The government gave what the people desired. “Way to go government”? Is like saying “government why did you give…
It’s a pity the article doesn’t go into more detail on the distribution. I felt that they kind of hinted that states had been slow to distribute the money to their constituents, but it doesn’t go any further.
Re: Tenants prepare for unknown as eviction moratorium ends
#9You know the eviction moratorium was put in place to “avoid spreading covid”, so if a tenant still hasn’t been vaccinated and haven’t already got covid they can argue they are at a higher risk of spreading covid, so therefore they should not yet be able to get evicted. Maybe that is how you extend the moratorium.
Re: Tenants prepare for unknown as eviction moratorium ends
#10Biden and the democrats failed to move on this, and we'll have no action during the 6 week recess. Unless this is being used as a political excuse for some sort of emergency session, or executive order. However, I'm on the side of landlords in this. Many tenants are abusing the situation at the expense of their landlords. We live in a society that ostensibly respects property rights. Not only can they not evict nonpa…