Risk of eviction: the serious situation in the USA
The recession in the world due to Covid - 19 is felt, especially in the USA, one of the most affected countries. Despite the numerous proposals made by the government to try to stop the current situation, which is extremely critical, it seems that there is no viable solution to revive the country. In previous guides, we had already dealt with the subject, however, analyzing different plans aimed precisely at protecting both investors and property owners. It was emphasized that, in particular, the rental market has been the most problematic in terms of management, due to the non-fulfillment by the signatories of the contract itself. We at Realigro have decided to investigate the issue again, to try to understand how, after some time, these circumstances have evolved.
Unfortunately, we have no good news for our readers as, according to industry experts, we are facing the most serious global housing crisis at an economic level. While the Trump administration tries to study practical and decisive actions, the governors have been fighting this crisis for some time. In fact, many have been to approve sometimes shocking measures to contain the pandemic (at an economic level). Great attention was paid to mortgage payments and hypothetical evictions that risk about 40 million Americans.
At the federal level, however, the President of the United States of America has requested a further moratorium, again on the subject of rents. The so-called '' Cares Act '', deriving from this need, has in fact established to re-apply a moratorium for all tenants who live in buildings financed by the central government, but for whom the deadline for payment already expired last July. . The main problem, in fact, is precisely this. In fact, the number of tenants who were already in a difficult situation before the outbreak of the global pandemic is very high. To be even more precise and give a much more detailed financial picture, just think that half of the tenants were '' unable to pay ''.
From the first week of August, one third of the tenants are no longer able to pay the lease payments.
It is not known exactly what the implications of this phenomenon will be.
Certainly not such a critical situation was expected, since a return to a semi-normality was hoped for. Unfortunately, what makes these circumstances even more devastating is the high number of infected people who are currently putting a strain on the entire health system. We do not have the necessary means to give an immediate vision of what the future of the United States will be. But what should hearten both investors and owners is the constant commitment on the part of local and international governments to tackle the Covid-19 emergency. Until then, we invite you to keep following our Realigro Blog!
Unfortunately, we have no good news for our readers as, according to industry experts, we are facing the most serious global housing crisis at an economic level. While the Trump administration tries to study practical and decisive actions, the governors have been fighting this crisis for some time. In fact, many have been to approve sometimes shocking measures to contain the pandemic (at an economic level). Great attention was paid to mortgage payments and hypothetical evictions that risk about 40 million Americans.
At the federal level, however, the President of the United States of America has requested a further moratorium, again on the subject of rents. The so-called '' Cares Act '', deriving from this need, has in fact established to re-apply a moratorium for all tenants who live in buildings financed by the central government, but for whom the deadline for payment already expired last July. . The main problem, in fact, is precisely this. In fact, the number of tenants who were already in a difficult situation before the outbreak of the global pandemic is very high. To be even more precise and give a much more detailed financial picture, just think that half of the tenants were '' unable to pay ''.
From the first week of August, one third of the tenants are no longer able to pay the lease payments.
It is not known exactly what the implications of this phenomenon will be.
Certainly not such a critical situation was expected, since a return to a semi-normality was hoped for. Unfortunately, what makes these circumstances even more devastating is the high number of infected people who are currently putting a strain on the entire health system. We do not have the necessary means to give an immediate vision of what the future of the United States will be. But what should hearten both investors and owners is the constant commitment on the part of local and international governments to tackle the Covid-19 emergency. Until then, we invite you to keep following our Realigro Blog!
