Why The Eviction Moratoriums Will Hurt The Tenants, Landlords, and Banks
Channel: Noel Christopher
Date: 2020-12-31

More thoughts on the eviction moratorium. There is a lot of debate around this.

There are a lot of rules. The enforcement of those rules is not consistent around the country.

None of this changes the fact that landlords are not getting rent which causes a lot of hardship, and loss of tax revenue.

There is a lot of talk around foreclosures on these investment properties. Do you think the banks will want to foreclose on homes with a tenant who isn't paying and can't be removed?

The banks are going to let the properties sit until all of this is worked out. This will cause more issues and blight locally.

The point is that none of this is good for the tenant, landlord, bank, or local municipality.

I feel like there will be quite a few urban landlords that are going to walk away from properties that they cannot pay the mortgage.

The government is going to have to step in to protect tenants who have evictions filed against them when they need to rent a home in the future.

All of that matters, very much.

What matters the most is the government stepping into the middle of a private contract. That is what I feel is the biggest development.

What do you think??

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