The US supreme court just ended eviction ban

Rental Property Investor · Houston, TX · Member since 2014 · 139 posts · 140 votes

This is good news! No more COVID eviction protection. I hope everyone suffering can finally find a path forward. Feel free to share your plan of attack/what your goals are moving forward. Please, no politically charged comments.

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Nathan GesnerBusiness Member

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Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes

Did you know SCOTUS ruled the moratorium illegal in July? And the current administration chose to ignore that ruling and extend the moratorium, anyway. Even if this moratorium goes away, they will come up with something else that coddles bad tenants while punishing innocent mom-and-pop operators.

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Nathan GesnerBusiness Member
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Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
5y
Did you know SCOTUS ruled the moratorium illegal in July? And the current administration chose to ignore that ruling and extend the moratorium, anyway. Even if this moratorium goes away, they will come up with something else that coddles bad tenants while punishing innocent mom-and-pop operators.
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Matthew CrivelliBusiness Member
Lender · MA · Member since 2021 · 1k+ posts · 1k+ votes
5y
It's about time. The fact that the CDC ever had power to implement an eviction ban is insane to me. They are not here to write law, they are put in place to protect consumers. Really blurred the lines on what's legal with this one.
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Kishore P.
Realtor · Farmington, MI · Member since 2016 · 126 posts · 69 votes
5y
So What? are the ramifications of the eviction, the local city/State could still ban evictions, Boston Mayor did just that.
1. Will the evictions process clog the court's system? - Very likely, because everything and everyone is working remotely
2. Will the Landlords be made whole again? How? can they recoup the rents due to them, very likely by the Stimulus bill.
3. Those renters who bailed without paying rent will likely declare bankruptcy.
In the final analysis, the victims are small mom/pop landlords and MF Cos. who will have to liquidate the Real Estate assets to protect themselves from bleeding furthering the crisis of liquidity in that Real Estate Class. It's really tragic the unintended consequences of the eviction ban has caused a lot of chaos for both the renters and the landlords.
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