A federal eviction moratorium without rental assistance will ultimately harm the very people it aims to help. It will be impossible for housing providers, particularly small owners to continue to provide shelter to their residents.
Letter to the editor in The WSJ.
"I applaud your editorial on the Centers for Disease Control and Prevention’s order banning evictions by landlords as a broad overreach of its emergency powers. What most don’t understand is how tough this rule can be on landlords. Landlords have a continuing obligation to pay their bank’s principal and interest on loans used to finance property ownership, as well as real estate taxes, water charges, heat and electric costs, maintenance and other charges during the moratorium period (none of which are abated)—all the while being unable to bring in a rent-paying tenant. This is an unfair burden placed on landlords, a burden that should more responsibly fall on the government insofar as the moratorium is really a tenant-bailout program.
Ronald Scheinberg
Bridgewater, Conn.
Mr. Scheinberg is a former member of the New York City Rent Guidelines Board."
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