Governments tried to keep people housed during the pandemic by allowing those with COVID-related financial hardships to avoid eviction if they don’t pay rent.
But many landlords say they aren’t able to shoulder the burden. @khouriandrew reports: latimes.com/business/story…
But many landlords say they aren’t able to shoulder the burden. @khouriandrew reports: latimes.com/business/story…
The COVID-19 pandemic caused millions to lose their jobs, making it difficult for people to pay all their bills.
And despite eviction moratoriums, many tenants have racked up big debts that threaten to eventually force them from their homes. latimes.com/business/story…
And despite eviction moratoriums, many tenants have racked up big debts that threaten to eventually force them from their homes. latimes.com/business/story…
Meanwhile, some property owners and managers told @khouriandrew they are delaying maintenance and dipping into savings to stay afloat. latimes.com/business/story…
A new survey offers specific insight into the pandemic’s effect on landlords in L.A.: More than half of 1,300 property owners surveyed in December said their business would face financial distress within six months if their situations didn’t improve. latimes.com/business/story…
The survey is one of the most comprehensive looks at how landlords have been impacted over the past year. latimes.com/business/story…
Some property owners say they likely can’t last much longer under current rent relief rules, raising concerns that their retirement savings will be depleted and properties bought up by big companies that are more likely to raise the rent. latimes.com/business/story…
Housing activists fear that if small property owners aren’t able to weather the pandemic, large corporations and investment funds will scoop up distressed housing en masse, similar to what happened with single family homes in the 2008 financial crisis. latimes.com/business/story…
Meanwhile, research indicates that the rising debt tenants owe their landlords may drag renters down for years to come.
What happens when all the rent comes due? @khoruiandrew examined this question in our business newsletter: latimes.com/business/newsl…
What happens when all the rent comes due? @khoruiandrew examined this question in our business newsletter: latimes.com/business/newsl…
Do you need rent help? L.A. residents can now apply for help from the city’s $235.5-million rent-relief program.
@khouriandrew reports: latimes.com/business/story…
@khouriandrew reports: latimes.com/business/story…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
