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Updated over 3 years ago,
Govt COVID Policies Favor Landlords
I was reading the Economist last week and came across the following blurb from an article within about the eviction moratorium:
“These policies have been highly effective. Lenders repossessed around 7,000 properties in the first quarter of 2021, 87% fewer than in the same period in 2020, even though the share of mortgage debtors that were behind on their payments spiked to a high not seen since the global financial crisis (see chart 3). By contrast, evictions in some cities are just 20% shy of their pre-pandemic averages, according to researchers at the Eviction Lab. Owners, in other words, have received much more protection than renters.”
I am curious if you all have found the above conclusion (that owners have received more protection than renters) to be the case in your markets? And, generally speaking, how BP folks view how government policies have affected owners vs renters relative to one another, now that we are almost 1.5 years into the whole affair. Article linked below.