As millions of renters across America continue to benefit from sweeping protections against eviction during the COVID-19 pandemic, their landlords haven’t been so fortunate.
According to Bloomberg, nearly $47 billion in rent relief from the Biden Administration has been slow to materialize, forcing “mom-and-pop” landlords into financial hardship – or forced to sell to wealthy investors. Bloomberg, perhaps to invoke sympathy for the landlord class, focused on the impact felt by minority landlords.
Tell me about it. I’ve witnessed this and it’s rough making a mortgage without rent income to help. Meanwhile the occupant is destroying the property and not much can be done legally.
But won’t this break up the lock Slum Lords like County Councilman John Cannon have on homes that people less fortunate could otherwise have and enjoy and call their own? This is a good deal
Well, there’s always the chance of Jewish Lightning….
Renting SUCKS !!!! Shhht business