Here’s why I believe the Eviction Moratorium will stay for ANOTHER YEAR!! Add me on insta @ThisisJohnWilliams
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The Eviction Moratorium has plagued real estate in America for the last 16 months. This eviction moratorium hurts all investors and small time landlords. The larger landlords can absorb the losses through stimulus packages and bailouts. Last week a federal judge cancelled the eviction moratorium and for one week we had a free market. However now we are back under the thumb of the eviction moratorium and I believe this will not go away anytime soon.
My prediction is that this will likely stay around for a year or more. This will not go away. Now is the time to lift the moratorium if they are going to lift it in 2021. Otherwise if we wait, we will soon approach the fall and then the winter and I can not imagine the Biden administration lets out millions of people into the street homeless in the dead of winter.
What do you think will happen to the real estate market when this is all over?