Landlords are running out of money. ‘We don’t get unemployment’

"The government is putting property owners in a situation where they are supposed to be the back-stop," Howard said. "And many will say, 'I can no longer afford to be in this business.' "

News Story (NATIONAL)

Anna Bahney
CNN Business
December 17, 2020

Tags: CDC Eviction Moratorium, COVID-19, Housing, Housing: Eviction


“This is becoming a concern for landlords,” said David Howard, executive director for the National Rental Home Council, which advocates on behalf of the single-family rental industry. “With the eviction moratorium, you don’t know what the next step is. There is no certainty about when you’re going to get paid.”
If the CDC order is allowed to expire, as many as 5 million renters could face eviction across the country in January, with as many as 14 million renter households at risk of eviction, according to Stout, a global investment bank and advisory firm. But advocates for property owners doubt there will be anywhere near that many people facing homelessness.