Landlords Win: Eviction Moratorium Fails In Congress
Landlords Win: Eviction Moratorium Fails In Congress
The eviction moratorium is no longer according to Congress. The vote to extend it until October failed miserably, which is major cause for celebration for landlords of all stripes.
Needless to say, the Democrats aren’t happy that their efforts failed. Cue the blame game.
House Speaker Nancy Pelosi, Majority Leader Steny Hoyer and Whip James Clyburn released a joint statement on the failed bill and blamed Republicans.
“It is extremely disappointing that House and Senate Republicans have refused to work with us on this issue,” they wrote in the statement. “We strongly urge them to reconsider their opposition to helping millions of Americans and instead join with us to help renters and landlords hit hardest by the pandemic and prevent a nationwide eviction crisis.”
Let’s just stop right there. The eviction moratorium was put in place at about this time last year. It is a key item where I completely disagreed with President Trump. I totally understood that people, mainly those in the retail and restaurant industry were out of work. But it wasn’t just the eviction moratorium that was put in place. Nope, states and the federal government started using OUR taxpayer dollars to PAY people more for staying home and not going back to work.
Yes, there was concern about the spread of Covid if people had to be searching for a new home or apartment. Except for one thing: Housing sales went through the roof last year, and it’s continued through this year as well. Not only that, but apartments were facing runs on inventory. So don’t tell me that if someone is evicted, they can’t afford to find another place to live. Nancy Pelosi believes otherwise.
“This money has largely gone out to the states and local governments to implement and to give to the renters so they can pay the rent, which helps the landlords of course, too,” Mrs. Pelosi said. “Why should the renters be punished for the fact the system did not put money into their pockets to pay the rent to the landlord?”
There are landlords who have lost thousands in income. THOUSANDS that were supposed to go towards their mortgage on the property with some left over for taxes and any possible repair expenses. Instead, the eviction moratorium handed tenants an essential ‘get out of jail free’ card, while the landlords were told to pound sand.
Take the case of Romeo Budhoo.
He drove through the low-income neighborhoods of Schenectady, stopping at a half-dozen small homes that accounted for most of his income and all of his family’s savings. He cajoled $75 in cash from a laid-off hairdresser who owed him more than $7,000. “Thanks for at least trying to work with me,” he wrote on the rental receipt. He collected $200 from a renter who was $1,600 behind. “I’ll come back tomorrow,” Budhoo said, and then he continued up the street to his oldest property, a three-story home that had helped lift him into the middle class and was now sending him closer to bankruptcy.
That house, 1042 Cutler St., now has a tenant living there who is 20 months in arrears in rent. Said tenant was supposed to apply for rental assistance, but never has. Now Budhoo is working three jobs, has been fined by the city for his TENANT turning the place into a trash heap, and the law sides with the tenant.
But the House letting the moratorium lapse is going to be the end of EVERYTHING!
The House just adjourned for a 6-week recess without extending the eviction moratorium which expires on Saturday, threatening over 6 million Americans with immediate homelessness. This is an atrocity.— Gravel Institute (@GravelInstitute) July 30, 2021
No, what is an atrocity is that our government on the federal and state level has been ponying up money for people to NOT work and also throwing money at them so they have a place to live. Which THEN means when jobs are available, people are refusing to go back to work and therefore dealing irreparable economic harm to landlords and small businesses all over the country.
But again, cue the hysteria!
A. while those tenants considered their place they were renting as home, it was not their OWNED home.
B. Even if only $3 billion of OUR tax dollars had been put back into the hands of tenants, billions more of our dollars went to the unemployment benefits that many are STILL receiving today.
C. Biden calls on states to extend the moratoriums even as the federal government didn’t act.
Guess that means we’ll see California and New York take the lead on mandating eviction moratoriums. Other blue states will follow because Democrats!
New: Tonight, Rep. Cori Bush will sleep outside the U.S. Capitol building in an appeal to her colleagues in Congress to return to Washington and vote to extend the federal eviction moratorium.— Kyle Griffin (@kylegriffin1) July 31, 2021
Tune in tomorrow to find out how she fared in the wilderness of the steps!
You know what? The majority, and I mean the majority of landlords don’t get into the business to make it rich and buy a yacht to sail around the world. Nope, they do so in order to gain a small bit of income…AFTER paying the mortgage, taxes, property taxes, any repair bills, and other items such as lawn care.
This is a win for the landlords and whether they realize it or not, the necessary kick in the pants to many tenants to get off their duff and get a job.
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Feature Photo Credit: Home, Sale, Rent by TierraMalloraca via Pixabay, cropped and modified