Saturday, May 08, 2021
In the Covid economy of 2021, the federal government has created an ongoing grace period for renters until at least July, banning all evictions in an effort to hold back a historic housing crisis that is already underway. More than 8 million rental properties across the country are behind on payments by an average of $5,600, according to census data. Nearly half of those rental properties are owned not by banks or big corporations but instead by what the government classifies as "small landlords" -- people who manage their own rentals and depend on them for basic income, and who are now trapped between tenants who can't pay and their own mounting bills for insurance, mortgages and property tax.
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