The long term impact of this is going to be a severe shortage in affordable rental properties as small and medium property owners decide that it isn’t worth the risk to rent their properties. The larger property owners will jack up rates to build a financial hedge against government intervention.
WASHINGTON (AP) — The Centers for Disease Control and Prevention issued a new eviction moratorium that would last until Oct. 3, as the Biden administration sought to quell intensifying criticism from progressives that it was allowing vulnerable renters to lose their homes during a pandemic.
The ban announced Tuesday could help keep millions in their homes as the coronavirus’ delta variant has spread and states have been slow to release federal rental aid. It would temporarily halt evictions in counties with “substantial and high levels” of virus transmissions and would cover areas where 90% of the U.S. population lives.
The announcement was a reversal for the Biden administration, which allowed an earlier moratorium to lapse over the weekend after saying a Supreme Court ruling prevented an extension. That ripped open a dramatic split between the White House and progressive Democrats who insisted the administration do more to prevent some 3.6 million Americans from losing their homes during the COVID-19 crisis.
Beyond the real impact, this is flatly immoral. We, the taxpayers, are already providing massive amounts of financial relief to people impacted by the pandemic. It is not unreasonable to expect that they will pay their rent with it. Why are the taxpayers and property owners bearing the burden for people who can, and should be working and paying their bills? If they can’t work, there are ample programs to help them. Either way, people need to pay their rent or move to somewhere they can afford.