The majority of the nation’s landlords are individual investors.
The one-month extension of the Centers for Disease Control and Prevention’s eviction moratorium was welcome news for tenants but another nail in the coffin for some struggling landlords.
Groups representing landlords had been lobbying hard to end the moratorium and now warn even another month will put some of those landlords out of business.
“Each passing month further escalates the risk of losing an ever-increasing amount of rental housing, ultimately jeopardizing the availability of safe, sustainable and affordable housing for all Americans,” wrote Bob Pinnegar, CEO of the National Apartment Association, in a release. “Flawed eviction moratoriums leave renters with insurmountable debt and housing providers holding the bag as our nation’s housing affordability crisis spirals into a housing affordability disaster.”
Image: Pixabay
