Eviction during pandemic: National Multihousing Council recommends suspending evictions
The Washington Post has an article, "Facing eviction as millions shelter in place," about eviction actions during the pandemic. Although many communities are mandating a stop to evictions.
(WRT commercial properties in DC, according to the Washington City Paper, in the DC area "Some Landlords Say They'll Help Tenants With Rent. Others Aren't Saying Much.")
There have been cases of severe tone deafness on the part of some landlords ("LANDLORD SAYS RESTAURANT INDUSTRY TENANTS BETTER ASK PARENTS AND RELATIVES TO PAY THEIR RENT OR RISK 'AGGRESSIVE' ACTION," Newsweek). The opprobrium in response led him to backtrack and resign from his operating responsibilities at his firm.
And an acknowledgement, although not by the Trump Administration, that recently announced HUD initiatives don't pertain to renters ("HUD, Fannie, Freddie suspend foreclosures, evictions during outbreak," Politico).
Yes, you can say it's because of optics or self-interest, but it's important nonetheless.
Labels: apartments, Depression/Recession/Global Economy, eviction, multi-unit housing, pandemic
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Analysis of the impact of the pandemic on the US real estate market:
https://www.forbes.com/sites/bradhunter/2020/03/24/coronavirus-impacts-on-real-estate--why-you-need-to-think-short-term-and-longer-term
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