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Updated over 4 years ago,
Worst time to Evict in US History?
Those who have been in the industry for a few decades, or are familiar with US history- is this the worst time in U.S. history to have a non-paying tenant?
On a national scale, has HUD or the CDC ever taken such drastic action to limit residential evictions?
On a local scale- I know many major cities are going above and beyond the federal limits. Has there ever been a more dramatic effort by local authorities to prevent eviction?
Aside from the legislative efforts at the federal, state, and local level- eviction courts themselves are backlogged many months in major cities. On top of all of this, I know of a few cities that have tightened penalties for self-help evictions (turning off utilities, changing locks, etc).
Is it fair to say this is the worst time to evict a tenant in US history?
Also- one of the biggest uninsurable risks to a landlord is having a non-paying tenant. When risk increases, required return increases for a rational investor. What will increased eviction risk do to the market?
- Kevin M.