White House moves to halt evictions as fears of coronavirus-fueled housing crisis grow

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The Trump administration plans to invoke a little known clause of the Centers for Disease Control's mandate to issue a sweeping, nationwide moratorium on evictions.

Demonstrators wearing protective masks hold signs during an eviction strike in the Brooklyn borough of New York, on Tuesday, Sept. 1, 2020. Organizers in at least 15 states are coordinating mass demonstrations targeting banks, corporate landlords, marshals, sheriffs and the courts to protest all who play a role in the eviction process.

"The administration has also made federal funds available to alleviate any economic impact to tenants, landlords and property owners," Morgenstern said.failed to reach a deal earlier this summer on an extension of coronavirus aid Major questions also still remain as to the feasibility of such a broad moratorium on evictions, especially if there is no money behind the plan to compensate landlords for lost rent.compensating them could have a massive destabilizing effect, felt first in the commercial housing market, and then in credit markets as both large and small-scale landlords default on mortgages.

"He can extend the moratorium, and I hope that he does," Pelosi said on CNBC on Aug. 6. "But you can't just extend the moratorium, you've got to have money."

 

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How do you know when you are living in 'strange times?' When you see an article that discusses a potential eviction crisis juxtaposed against ones touting record home prices: Economist EconomicCrisis $spx

Can’t just cancel rent. Landlords have bills to pay also.

Why? We don't need him! Our government in California already took care of this! Why is Trump doing this when it has already been done! This is a puff propaganda piece!

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