Trump Still Blamed Despite Banning Evictions
As a reader, whether you like President Trump or dislike him, anyone who's honest can agree that most mainstream media go out of their way to criticize every move he makes. For instance, Democrats and mainstream media outlets lampooned the President back in March and April for not forcing the government to give people money during the pandemic. So, back in August, Trump signed an executive order to give people unemployment benefits, and Democrats and media called him a dictator and stated that such actions were "un-American," despite the fact that they wanted him to do that all along. So, when Trump banned landlords from evicting tenants during the Covid-19 pandemic, it's no surprise at all that what followed was a string of nasty articles and segments blaming Trump for the evictions in the first place.
Millions of Americans began to lose their jobs earlier this year as the pandemic swept through the states. Thousands upon thousands were being evicted from their homes. Townhouses, apartments, and more stood empty as the original tenants had been evicted for not being able to pay rent. This alone was enough to create a miniature housing crisis throughout America, and Democratic leadership called on Donald Trump to do something to stop this.
Recently, Trump did just that by passing a surprise national moratorium on evictions due to back rent owed. In a nutshell, this means that landlords have to suffer their losses, just like their tenants have had to, rather than seeking to evict existing tenants to get new tenants in there to pay the rent. Many landlords are very, very quick to evict people due to late rent, for a few financial reasons. Not only can they claim damage and keep the tenant's initial security deposit, but they also receive a windfall of cash with new occupancy, since new tenants are likely to pay first month's, last month's, and a month's rent for a security deposit. So, to put it simply, landlords have a huge financial incentive to evict existing tenants for new ones.
It was announced by the White House on Tuesday, September 1, that the Centers for Disease Control and Prevention (CDC) would be rolling out new measures to keep the virus from spreading any more than it already has. As part of this push to finally quell the coronavirus, the CDC wants people sheltering in place as much as possible. Though one cannot shelter in place if one does not have shelter. This is what prompted Trump to push his moratorium across the entire nation, by federal decree, thus ensuring that the untold numbers of people who cannot pay rent will have a place to live.
On just a humanitarian level, one might think that this move would be universally applauded, especially by the openly socialist members of Congress who call for free rent in the first place. However, it did not take long at all until Trump was being dragged through the mud by ranking Democrats and many media shows who claim that this is merely a ploy to get votes in November.
An anonymous source from the White House claimed, "That is sort of a silly criticism. For if Trump is seeking to get votes from Americans, he's certainly angered the landlords enough to vote Biden!"
The point here being that despite how much America suffers now, thorugh viruses and riots and looting and increased murder rates, it's still politics as usual for politicians and the media. Ask someone to do something, then claim that they merely did it for favor once they do it.
How Landlords Cope
We often forget that simply being a landlord doesn't make you a rich person. In fact, for thousands of Americans, their "job" is owning a small apartment building and collecting a rent check every month. After that money is put to expenses, what's left helps the landlord get by. It's sort of like owning a fast food franchise. It's a decent career if done correctly, but certainly nothing that will make you rich. So, what can the average landlord do for money, since they're living off of the rent they charge? Due to the sweeping changes to unemployment, landlords may actually be able to file for weekly claims that, once the state money factors in, may make up their shortfall for rent.
Another thing that bodes well for landlords is that they're being spoken about a whole lot for America's new round of upcoming stimulus spending. So what they lose now, they may just end up making more.
Other Featured Posts
Colleges Struggle to Finalize Housing Plans As the Fall Semester Approaches
When the COVID-19 pandemic first struck, many people assumed it would be over by summer. However, as the number of positive COVID tests continues to reach new records in the United States, it seems l...READ MORE
Most home problems start as minor issues that you might ignore, thinking that they might not cause any harm. While that might be the case, some issues...
The best way to ensure that your house does not develop any significant problems is by handling any issue before it deve...READ MORE
The NAHB Homebuilder Index Continues to Recover
Homebuilders are one of the sectors of the economy that are the most sensitive to swings in the economy. They are the first to pull up their stakes when economic activity begins to slow and one of the last industries to return ...READ MORE
How to Lock in Mortgage Rates While They're at Record Lows
If you are looking to buy a property, one of the most important things you need to think about is mortgage rates. Just a one percent difference in interest saves people an average of about $60,000 over the life of th...READ MORE