CDC Extends Eviction Moratorium That’s Hurting Landlords Across The Country

The Center for Disease Control has just extended the eviction moratorium that has already been going on for months.

No one in the media, or the Democratic party, which have both been pushing hard for this, has explained how a non-legislative body has the authority to even do this.

Furthermore, this policy is hurting landlords across the country, many of whom are just small time property owners.

CNBC reports:

‘The eviction moratorium is killing small landlords,’ says one, as ban is extended another month

The one-month extension of the Centers for Disease Control and Prevention’s eviction moratorium was welcome news for tenants but another nail in the coffin for some struggling landlords.

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Groups representing landlords had been lobbying hard to end the moratorium and now warn even another month will put some of those landlords out of business.

“Each passing month further escalates the risk of losing an ever-increasing amount of rental housing, ultimately jeopardizing the availability of safe, sustainable and affordable housing for all Americans,” wrote Bob Pinnegar, CEO of the National Apartment Association, in a release. “Flawed eviction moratoriums leave renters with insurmountable debt and housing providers holding the bag as our nation’s housing affordability crisis spirals into a housing affordability disaster.”

The majority of the nation’s landlords are individual investors. They own about 23 million units in 17 million properties, according to the U.S. Census. More than 6 million renter households are behind on rent, also according to the Census. Landlords have next to no recourse.

Again, the CDC has no authority to do this.

This will not end well for anyone.

 

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