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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And these renters tend to be higher income and pay rents that are higher than the median. matched
And even in those buildings, a recent analysis showed that missed rent payments are up 7% over last year. matched
So that strain is even being felt up the income ladder matched
from the lowest income individuals. matched
It's different for different types of landlords. matched
Some who are very flush with cash right now or have large reserves, have large investors, they've been among the most willing to kind of ride this out to let tenants continue to stay without paying rent or putting them on some sort of payment plan so that something comes in every month, even if it's not everything. matched
And that's definitely a part of the housing market. matched
There are other landlords who have been less tolerant, who are filing evictions where local laws allow them to, and who have loaded up tenants with late fees on top of the rent. matched
rent that they already owe. matched
So there's a whole range of responses from landlords on this. matched
And certainly the ones who feel the most at risk to losing their properties through foreclosure, for example, for not being able to make their mortgage payments are the ones who are likely to react the hardest to tenants not being able to pay. matched
The worst case scenario that I think most people looking at this fear is a large wave of evictions. matched
And a lot of advocates have been talking about this for several months. matched
It hasn't happened in large part because of the various protections that do exist, perhaps also because many landlords sort of look at the economy right now and look at the housing market and think, matched
If I start evicting lots of my tenants, who am I going to replace them with? matched
But again, as these protections expire, if they do indeed expire, and without significant changes in the economy or some sort of stimulus, some people argue that these evictions seem inevitable to many people. matched
There has been talk of extending the moratorium. matched
A House of Representatives bill that passed earlier this month, coronavirus relief package, included a lot of renter relief and also included an extension of the moratorium. matched
But there is not a Senate bill equivalent at the current time that would do that same thing. matched
Thanks very much. matched
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