(Andrea Germanos) Landlords could be looking at the possibility of a widespread rent strike.
by Andrea Germanos, March 29th, 2020
“It’s unreasonable to expect thousands and thousands of people who lost their incomes to pay rent and mortgages on April 1st.”
With the coronavirus pandemic causing an economic crisis for households across the nation—and April 1 rent payments due in just three days—the call for a temporarily cancellation of rent has surged.
Cancel rent.
— Public Citizen (@Public_Citizen) March 28, 2020
The rent is due April 1st.
How are Americans supposed to pay when everyone has lost their job? Congress's checks won't arrive for weeks.
We need a moratorium on rent. And mortgage payments.
Now.
— Ady Barkan (@AdyBarkan) March 22, 2020
https://twitter.com/ZephyrTeachout/status/1244022881933287424
“I can’t just pull $1,000 out of a magic hat,” Angelica Rico, who was furloughed from her job in Southern California last week, told NPR. “So I am extremely worried about not being able to pay rent.”
Rico is far from alone in such fears. The economic fallout of the ongoing pandemic is growing, with the nation experiencing an unprecedented number of unemployment claims.
And renters shouldn’t count on landlords’ goodwill to weather the storm.
Take for example Bowman Property Management, which manages properties in Charlotte, North Carolina. The Charlotte Observer obtained a copy of a letter the compnay sent to tenants noting the possible “hardship during this season in the form of medical or financial” tenants may have experienced. But, the letter said, “we want to remind you that the terms of the lease are in effect in good times and bad, and our expectation is that rent will be paid on time, with no questions asked.” Renters can also expect to face late fees and possible eviction as consequences, the letter added.
Book The Hug Therapy Book
Lawmakers passed a corporate-friendly economic stimulus package last week to help mitigate hte economic impacts of the COVID-19 crisis, but renters could stil be in dire straits. As Forbes reported Friday,
Renters have some eviction protection, but only if they live in a multifamily building or single family home that has a federally backed mortgage. Landlords cannot evict tenants of these buildings or charge any late fees, penalties or other charges for late rent payments.
Fair housing advocates say lawmakers have left renters shortchanged. From NPR:
Many cities say they’re halting evictions if renters can’t pay. But that’s about it, says Laurie Goodman, co-director of the Housing Finance Policy Center at the Urban Institute.
“There have been very, very little actions taken for renters,” Goodman says. “And in fact, the renter population is far more vulnerable than the homeowner population because, on average, they’re just much, much less affluent, and have much less in savings.”
The oversight hasn’t been lost on some lawmakers. Rep. Alexandria Ocasio-Cortez (D-N.Y.) said that while state and local efforts to suspend evictions, like California‘s are welcome—the current crisis necessitates a rent moratorium.
Govs: Extended stay-at-home orders cannot be successful without issuing mortgage, rent, + debt moratoriums to go with them.
Many people are going out bc they are panicked about paying bills due next wk on the 1st.
Payment suspensions keep ppl indoors. Bills bring them outside.
— Alexandria Ocasio-Cortez (@AOC) March 23, 2020
Democratic presidential candidate and former Vice President Joe Biden on Friday signaled support for three-month moratorium on rent. “There should be a rent freeze. No one should be evicted during this period,” he said at a CNN town hall
[the_ad_group id=”3113″]
Biden’s rival in the Democratic presidential primary, Sen. Bernie Sanders (I-Vt.), stressed the need for a rent freeze as well. Sanders wrote in a Saturday tweet that such a step was crucial “especially in states hardest-hit by the coronavirus like New York.”
Along with pausing mortgage payments, evictions, and utility shutoffs, we must place a moratorium on rent payments, especially in states hardest-hit by the coronavirus like New York. We must build on the important work @sengianaris and others are doing to make this happen. https://t.co/FKDbZYk4Pp
— Bernie Sanders (@BernieSanders) March 28, 2020
Sanders pointed to the call from New York state Sen. Mike Gianaris. (D) for a 90-day suspension on rent for people and small businesses economically hit by coronavirus cris. “Suspending rents is a critically important step to help New Yorkers survive this unprecedentedly difficult time,” Gianaris said in a statement earlier this month.
Gianaris reiterated his call in a Twitter thread last Thursday.
Do the math.
It’s unreasonable to expect thousands and thousands of people who lost their incomes to pay rent and mortgages on April 1st
— Sen. Mike Gianaris (@SenGianaris) March 27, 2020
In the absence of that kind of financial aid, landlords could be looking at the possibility of a widespread rent strike—an action major restaurant chain The Cheesecake Factory already suggested it had a right to take.
Joshua Collins, who’s running for Washington’s 10th Congressional District, talked to Teen Vogue about his push for a national rent strike. The need for the action, he said in the interview published Thursday, is clear.
Because people have very little money right now. People have their hours cut, or have been laid off entirely. And if you collect unemployment — if you’re even able to get on unemployment — it’s only a small portion of what you made before. People were already living paycheck to paycheck.And that on top of that, if someone is doing some sort of payment plan for rent, I don’t want someone to come out of this with an insurmountable amount of debt they can never pay off, right? If the student loan crisis has taught us anything, it’s that even if it’s only like $5,000 to $10,000, it might take a lifetime to pay off.
Book Fats That Heal, Fats That Kill: The Complete Guide to Fats, Oils, Cholesterol and Human Health
Some renters in Chicago are gearing up for such a strike. As the Chicago Tribune reported Saturday:
As of Friday night, an online petition had gathered more than 12,300 signatures calling on Mayor Lori Lightfoot to issue an indefinite freeze on rent, mortgages and utility payments across the city of Chicago. It also asks the Cook County Circuit Court to ban new filings for eviction or foreclosure.
Crafted by the Autonomous Tenants Union, the petition says the freeze should be in place “not for just 30 days, but indefinitely, for at least as long as a risk to public health remains.” The call is backed by local officials including by state Rep. Will Guzzardi (D).
“The moratorium we’re calling for, yes, it is an extraordinary policy intervention,” Guzzardi told the Tribune. “But this is an extraordinary moment.”
[the_ad id=”82236″]
found on The Mind Unleashed
Stillness in the Storm Editor: Why did we post this?
The news is important to all people because it is where we come to know new things about the world, which leads to the development of more life goals that lead to life wisdom. The news also serves as a social connection tool, as we tend to relate to those who know about and believe the things we do. With the power of an open truth-seeking mind in hand, the individual can grow wise and the collective can prosper.
– Justin
Not sure how to make sense of this? Want to learn how to discern like a pro? Read this essential guide to discernment, analysis of claims, and understanding the truth in a world of deception: 4 Key Steps of Discernment – Advanced Truth-Seeking Tools.
Stillness in the Storm Editor’s note: Did you find a spelling error or grammatical mistake? Send an email to [email protected], with the error and suggested correction, along with the headline and url. Do you think this article needs an update? Or do you just have some feedback? Send us an email at [email protected]. Thank you for reading.
Source:
Leave a Reply