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Do you think states are actually prepared for the mass evictions that are going to happen when the rent moratorium ends?
The moratorium does not wave granite or late fees. When the more time ends they're still going to be a huge debt plus interest living with stimulus money there's still going to be a lot of evictions
1 Answer
- ?Lv 54 weeks agoFavorite Answer
Yeah we're going to have a lot of people moving from one house to another the people that get evicted will have to find places to live and they will just go to occupy other buildings where people were just evicted from.
The landlords aren't going to get the money that's due to them from past rent so rather than evict them.
The best course of action that they could do is to give those people a forgiveness of debt and report that as forgiven debt to the internal revenue service it will be counted as income it will become a tax deduction and a loss for those that are renting the buildings and those that received debt forgiveness will have to pay taxes on it.
It doesn't make much sense to evict them and just let them go find another building.
