Will Parker
speaker
780 appearances
18 recordings
1 series
first heard May 2019
last heard Nov 2024
Will Parker’s voice in public audio — every appearance, attributed to the second.
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So there is a real possibility that it will create changes to the flow of cases in and out of the court system and affect things that have nothing to do with eviction at all simply because there has to be time and resources dedicated to this.
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If we have a situation in which there's an unprecedented amount of eviction, it could cause a lot of problems for cities who are already seeing their various social safety nets and private charities that function in that way overwhelmed.
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And so if you have an increase in either the homeless population or temporarily homeless population, people who are in need of additional services because they are losing their housing, many cities are just not in a position to accommodate such a large increase in that at the same time.
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Thanks for having me.
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WSJ Your Money Briefing · Strains on Rental Market Spark Fears of New Housing Crisis · 28 Oct 2020
podcast
That is a hit to low-income renters, but it is also a hit to the owners of the properties they live in who have mortgages and who may be in financial trouble soon as well.
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Thanks for having me.
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So you're seeing a large number of renters who are not able to make their payments.
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And although there is a eviction moratorium, that does nothing to absolve the debt that they are accruing through months of a mispayment.
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And what the concern really is that this debt is growing with every month that passes in the pandemic as unemployment remains high and as certain benefits such as expanded unemployment have expired.
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So that is a hit to low-income renters, but it is also a hit to the owners of the properties they live in who have mortgages and who may be in financial trouble soon as well.
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That's a huge concern because, you know, seven months into this pandemic, some people may find themselves in a position where they have work again, where they get access to income again, and they're making wages similar to what they were before, but they still might have several months of debt that they still have to pay.
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And their wages may not be enough to both cover their future rent payments and their expenses, as well as their rent debt from the months in which they were unemployed.
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so there is a huge concern that that some renters just simply will never be able to pay off what they owe how's the rental market faring during the pandemic as compared to other areas of the real estate market this pandemic is highlighting some of the key differences and advantages and setbacks between being a renter and being a homeowner so you know homeowners who are in trouble they they have certain financial options right they can take out an extra mortgage if they have to perhaps they can modify their current mortgage
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There are forbearance programs for homeowners.
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But most renters do not have this ability to simply refinance what they are behind on.
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So the situation for renters right now, I think, is a much more difficult one.
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So unemployment in this pandemic has affected lower income wage, hourly wage workers and service industry workers the most.
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And those are the same people who researchers believe account for the lion's share of the unpaid rent in the housing market right now.
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Also, census survey data indicates that non-white renters tend to be more likely to be behind on their rent payments right now.
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So some of the best data that we have on rent and rent payments come from about 11 million apartments that are so-called professionally managed apartment buildings.
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Showing 601–620 of 780 · page 31 of 39
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